More Americans Move Out of Metro Areas Post COVID-19

By Staff
Friday, May 17, 2024 3:53 PM The COVID-19 pandemic pushed more Americans out of urban areas, according to a new report from the U.S. Census Bureau. New data shows that Americans are choosing to move out of metro areas, as far as 60 miles away, particularly to areas defined as exurb or outer margins of cities.

A wide range of factors are driving the exodus from cities, according to the Census Bureau, including rising housing costs following the pandemic, and more opportunities to work from home, removing the need for commuting to the office.

New population analysis shows the fastest-growing cities in the U.S. were not in metro areas—the highest collective gains in population happened in regions 20 miles outside of urban areas.

The Phoenix-Masa-Chandler region in Arizona experienced one of the biggest surges, taking the number 10 spot for largest metro areas in the U.S. with a population of 5 million residents.

Growth in Phoenix fell from 1.6 percent to 0.4 percent, however, areas on the outside of the city saw significant increases including in Maricopa which grew by just over 7 percent in 2023, compared to 4.2 percent from 2018-2019.

Experts at the Census Bureau are unsure if this is a temporary phenomenon or a sign of future migration patterns.

ClearVision Celebrates Highest Finish Yet With Ninth Best Companies to Work for in New York Award

By Staff
Friday, May 17, 2024 3:20 PM ClearVision Optical was recognized for the ninth time as one of the Best Companies to Work for in New York by the New York State Society for Human Resource Management (NYS-SHRM) and Best Companies Group. ClearVision’s fifth-place finish in the Best Companies to Work for in New York State reflects the company’s dedication, focused work, and unwavering commitment to excellence.

Walmart Reports Strong First Quarter Results, Reaffirms Commitment to Optical Business

By Staff
Friday, May 17, 2024 8:05 AM Walmart reports strong Q1 results; Hoya reports growth for Q4 and full-year; Alcon reports robust Q1 sales; Accessories Council celebrates 30th anniversary and 2024 honorees at ACE Awards; and Prevent Blindness to host the 2024 ASPECT Patient Engagement and Advocacy Summit all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

Walmart Reports Strong First Quarter Results, Reaffirms Commitment to Optical Business

By Staff
Friday, May 17, 2024 12:24 AM BENTONVILLE, Ark.—Walmart Inc. (NYSE: WMT) has announced first quarter financial results for the three months ending on April 30, 2024, showcasing strong growth in revenue and operating income. The results shared by the omnichannel, global retailer are for Q1 of its 2025 fiscal year, which runs for 12 months ending January 31, 2025. Specific highlights for the first quarter include consolidated revenue of $161.5 billion, up 6.0 percent, or 5.8 percent constant currency versus the same period last year; reported operating income up $0.6 billion (9.6 percent) and adjusted operating income up 13.7 percent, attributed to higher gross margins and growth in membership income; and growth in global e-commerce sales by 21 percent, led by store-fulfilled pickup/delivery and marketplace.

Zeiss Group Reports Double Digit Revenue Growth in First Half of Fiscal Year

By Staff
Friday, May 17, 2024 12:21 AM OBERKOCHEN, Germany—The Zeiss Group has reported the results of the first half of fiscal year 2023/24. The group generated revenue totaling €5.304 million for the period ended March 31, 2024.

Super Optical to Form National Network of Sales Reps

By Staff
Friday, May 17, 2024 12:15 AM CINCINNATI—Super Optical has announced that it is forming a national network of sales representatives to help increase awareness of its FastGrind Lens Surfacing System and other core products.

IRIS Wins 2024 Mercuriades Award

By Staff
Thursday, May 16, 2024 2:28 PM On Monday, May 6, at the 2024 Mercuriades Award gala ceremony, presented by the FCCQ (Fédération des chambres de commerce du Québec), IRIS received the “Investissement Québec Productivity Enhancement” award. This recognition crowns IRIS’ ongoing commitment to innovation and excellence, notably in integrating EMR (electronic medical record) and AI (artificial intelligence) within its clinics.

Global Port Tracker Predicts an Increase in U.S. Inbound Cargo Volume

By Staff
Thursday, May 16, 2024 1:44 PM A new Global Port Tracker report predicts an increase in inbound cargo volume in the U.S. The report, released by the National Retail Federation (NRF) and Hackett Associates, shows that monthly inbound cargo should climb above 2 million twenty-foot equivalent units (TEU) through this summer and into the early fall.

In March, U.S. ports covered by Global Port Tracker handled 1.93 million TEU, the equivalent of one 20-foot container or its equivalent, down 1.4 percent from February, but up 18.7 percent from March 2023, following a reduction in Asian exports due to the Lunar New Year shutdowns.

Global Port Tracker projects April will see 1.96 million TEU in inbound cargo, up 10 percent year-over-year. May is forecast to see 2.06 million TEU, up 6.8 percent year-over-year, to tie last October for the highest level since 2.26 million TEU in August 2022. 

Meanwhile, June is forecast to see 2.03 million TEU in inbound cargo, up 10.7 percent from the same month last year. July is predicted to slip slightly to 2.02 million TEU, up 5.5 percent, while August will see a slight increase to 2.1 million TEU, up 7.1 percent. September is expected to reach 2.04 million TEU, up 0.5 percent.

Monthly volume has reached the 2 million TEU mark only twice since a 19-month streak that ended in October 2022.

The first half of 2024 is expected to total 11.9 million TEU, up 13 percent from the same period last year. Imports during 2023 totaled 22.3 million TEU, down 12.8 percent from 2022.

Social Media Posts Shine a Spotlight on Myopia Awareness Week

By Gwendolyn Plummer
Thursday, May 16, 2024 8:30 AM NEW YORK—This week, May 13 through 19, 2024, is Myopia Awareness Week, a global event that aims to raise awareness about juvenile-onset myopia and encourage eyecare professionals to take necessary actions. The week has been marked by a number of myopia awareness related initiatives, both big and small, as reported in VMAIL Weekend. In addition, ECPs have been putting in the extra work this week to educate their patients about myopia, both online and in person. Here, we’re taking a look at how some indies are approaching Myopia Awareness Week.

The Eye Shop

By Staff
Thursday, May 16, 2024 8:25 AM The team at The Eye Shop in Queen Creek, Ariz., reminded parents that early summer is a great time to schedule their kids’ annual eye exams.

Getting Inspired for Small Business Month

By Staff
Thursday, May 16, 2024 8:20 AM NEW YORK—May is Small Business Month, an important marker for many independent ECPs who juggle life as both doctors and small business owners. While celebrating yourself and supporting other small business owners this May, it’s also a great moment to reflect on your business, where you’ve been, how far you’ve come and what your next steps might look like. In celebration of Small Business Month, the U.S. Chamber of Commerce put together a list of 11 critical areas for business development, including a number of action items to help business owners get started.

Small Business Marketing Is Simplified With New AI-Powered Campaign Planning

By Staff
Thursday, May 16, 2024 8:15 AM Campaign Builder from Constant Contact offers a new way for small businesses (SMBs) and nonprofits to automate their marketing. Campaign Builder leverages artificial intelligence (AI) and other technologies, like the company’s customer data platform (CDP), to automatically generate turnkey, multi-channel marketing campaigns for SMBs in minutes, according to the company’s announcement. Campaign Builder leverages Constant Contact's AI platform, along with best practices from its decades of experience as a digital marketing pioneer, to automate the areas where SMBs are most likely to get stuck—creating content and choosing the right channels to reach their audience.

Eyeglass Lens Sales Help Drive Hoya's Growth for Q4 and Full-Year

By Staff
Thursday, May 16, 2024 12:24 AM TOKYO—Hoya Corporation (7741:Tokyo) has announced consolidated revenue of 196.8 million yen for the fourth quarter ending March 31, 2024, up 6 percent from year-ago, and down 1 percent on a constant currency basis. Pretax profit rose to 72.1 million yen, a 34 percent increase versus year-ago, up 27 percent with the constant currency effect. Operating profit slipped 1 percent to 53 million yen compared to the prior-year period, a decrease of 5 percent in constant currency, according to Hoya.

Eyenovia Reports First Quarter 2024 Financial Results and Provides Updates on Products and Its Myopia Program

By Staff
Thursday, May 16, 2024 12:21 AM NEW YORK—Eyenovia, Inc. (NASDAQ: EYEN), a commercial-stage ophthalmic company with two FDA-approved products and a late-stage asset in pediatric progressive myopia, has announced its financial and operating results for the quarter ended March 31, 2024.

ClearVision Is Named One of the Best Companies to Work for in New York for Ninth Time

By Staff
Thursday, May 16, 2024 12:18 AM HAUPPAUGE, N.Y.—ClearVision Optical was recognized for the ninth time as one of the Best Companies to Work for in New York by the New York State Society for Human Resource Management (NYS-SHRM) and Best Companies Group.