VM Top 50 Gets a Makeover as Consolidation and Other Challenges Impact the Industry

By dba Staff
Wednesday, May 17, 2017 12:20 PM

NEW YORK— It was a busy year in 2016 across the U.S. optical industry. Spurred by an active private equity community and an evolving competitive framework, consolidation was once again among the key business trends in the sector. Many independent and regional retail/practice groups came under the umbrella of new ownership, which led to a reshuffling among the larger retail players in the industry.

Stanton Optical Continues Expansion Efforts and Opens First Office in Mississippi

By dba Staff
Wednesday, May 17, 2017 12:15 PM PALM SPRINGS, Fla.—Stanton Optical, an optical retailer owned by Vision Precision Holdings, continued its 2017 push into new markets late last month with the opening of the company’s first location in Mississippi.

Nominations Open for VM’s 2017 Most Influential Women in Optical

By dba Staff
Wednesday, May 17, 2017 12:10 PM NEW YORK—Women’s influence in optical is undeniable and today, more women than ever before are playing vital roles at all levels of our industry. In retailing, wholesaling, product design, manufacturing, distribution and vision care and managed care, talented women are shaping the direction of the companies and organizations they work for, and, in many cases, lead.

FYidoctors Completes Series of Deals as it Prepares to Ramp Up Growth

By dba Staff
Wednesday, May 3, 2017 12:15 PM CALGARY, Alberta—FYidoctors, a private, optometrist-owned and operated eyecare company based here, has spent the past several months updating its infrastructure and supply chain as it readies for a new leg of growth, president and chief executive Dr. Alan Ulsifer told dba late last month.

Canada’s Hakim Optical Celebrates 50th Anniversary and Honors its Founder

By dba Staff
Wednesday, May 3, 2017 12:10 PM TORONTO— Hakim Optical, one of Canada's largest optical retailers, recently celebrated its 50th anniversary with a special event that drew some top political figures in Ontario. Overall, more than 300 guests attended the Optical Gala held here to commemorate Hakim Optical’s Golden Jubilee.

Annual Breach Report Shows Hacks of Health Care Providers Skyrocketed in 2016

By dba Staff
Wednesday, May 3, 2017 12:05 PM

AUSTIN, Texas—The 7th Annual Breach Report, an annual review of cybersecurity trends across the Protected Health Information (PHI) data category, reported that there was a 320 percent increase in the number of health care providers victimized by hackers in 2016.

SVS Vision Celebrates 10 Years of Operational Success and Looks Forward to Continued Growth

By dba Staff
Wednesday, April 19, 2017 12:15 PM MOUNT CLEMENS, Mich.— Ken Stann and Rob Farrell, OD, began a management partnership 10 years ago this month that has produced an optical success story almost unmatched in the eyecare sector.

Private Equity Firm Acquires Three Regional Eyecare Groups and Forms Acuity Eyecare Holdings

By dba Staff
Wednesday, April 19, 2017 12:10 PM

DALLAS—Riata Capital Group, a private equity firm based here, has made a significant move into the optical business with its acquisition of three regional eyecare groups. The three regional firms—Crown Vision Center of St. Louis, Eyetique of Pittsburgh and International Eyecare Center of Quincy, Ill.—will be folded into a new company, Acuity Eyecare Holdings, according to Riata Capital’s announcement of the deal late last month.

Cohen’s Fashion Optical Celebrates 90th Anniversary With Series of Promotions and Events Throughout 2017

By dba Staff
Wednesday, April 19, 2017 12:05 PM NEW YORK—Cohen’s Fashion Optical, one of the nation’s top 10 optical retailers and one of the longest operating optical franchise companies, is celebrating its 90th anniversary in 2017 with a series of special promotions, events and initiatives.

Shopko Hosts More Than 500 at its Health Services Managers Conference

By Staff
Wednesday, April 5, 2017 12:15 PM GREEN BAY, Wis.—Shopko held its annual Health Services managers meeting in Minneapolis last month and used the occasion to honor several Shopko team members for their outstanding performances in 2016 and for senior management to outline the retailer’s plans for 2017 and the following years.

TLC Eyecare & Laser Centers Changes Its Name to Specialty Eye Institute

By Staff
Wednesday, April 5, 2017 12:10 PM JACKSON, Mich.— TLC Eyecare & Laser Centers, an optical business that traces its roots to 1978, has changed the company name to Specialty Eye Institute. The new name is a better reflection of the company’s array of services and its “dedication to eyecare for patients,” according to an announcement made in late March.

Are You One of VM’s Top 50 U.S. Optical Retailers?

By Staff
Wednesday, April 5, 2017 12:05 PM NEW YORK—Vision Monday is again collecting information from the nation’s largest national chains and regional operations to compile the 2017 Top 50 U.S. Optical Retailers Report, our signature ranking based on sales during the 2016 calendar year. The exclusive report will be published in the May 15, 2016 issue of Vision Monday.

National Vision Inc. Announces Three Optometry Students as 2016-2017 Grant Program Winners

By dba Staff
Thursday, March 16, 2017 2:15 AM DULUTH, Ga.—National Vision Inc. (NVI)—an optical retailer providing comprehensive, quality, affordable eyecare and eyewear—announced the grand prize winner and two runner-ups of its 2016-2017 Grant Program.

1-800 Contacts’ Lumen Optical Brick-and-Mortar ‘Test’ Rolls Along in the Chicago Market

By dba Staff
Thursday, March 16, 2017 2:10 AM

CHICAGO—Lumen Optical, a new optical store concept developed by 1-800 Contacts Inc., has opened its fourth location as it continues experimenting with the brick-and-mortar format in the Illinois market. The fourth Lumen location is within the city of Chicago, while the first three Lumen stores opened in 2016 in metro areas just outside of Chicago.

Marketing Executives Invest in Technology That Supports Better Customer Understanding

By dba Staff
Thursday, March 16, 2017 2:05 AM NEW YORK—Retailers and marketers continue to play the technology card as they attempt to bring more efficiency to operations and to boost loyalty among an increasingly fickle customer base.