Bitcoin and the Environment

By Staff
Friday, May 14, 2021 2:08 PM You've probably heard people mention that cryptocurrency has a big, and problematic, environmental impact. But what does that actually mean, and how can something that only exists virutally be so detrimental to the planet? Head over to this Twitter thread from Thomson Reuters Foundation News for an explanation. 

For Retailers, Technology Will Help Retailers Adjust to ‘Rapidly Changing Conditions’ and New Consumer Mindset

By Staff
Friday, May 14, 2021 12:00 PM NEW YORK—Amid the disruption of COVID-19, and the resulting store closures, a few retail companies actually fared well. These retailers did succeed by adjusting their supply chain, managing their stocking and inventory processes, and revamping customer service, according to a recent analysis by eMarketer. The research firm cited these factors as some of the keys to success for big-box retailers like Walmart, Target, and Best Buy.
 
“Others, such as Apple, lululemon athletica, Nike and Starbucks, are focusing on innovating and modifying store experiences through digital integration, frictionless shopping, and atmospherics modified for a ‘new normal’ of social distancing and sanitization,” eMarketer added.
 
In its report, eMarketer predicted that sales for U.S. retail overall will begin to recover in 2021, climbing 3.8 percent year over year to $5.856 trillion. Following upon the outsized 33.6 percent increase in 2020, though, e-commerce sales will moderate to 13.7 percent growth this year. Brick-and-mortar retail sales will rebound from a 0.2 percent decline in 2020 to a 2.2 percent gain in 2021, according to eMarketer.

“The physical retail experience emerging in 2021 suggests that stores must still be able to adjust to rapidly changing conditions, and technology will be key to that flexibility,” the research firm noted. “For example, U.S. consumer interest in mobile payments and mobile app orders increased significantly from March to June 2020, during the first wave of the pandemic, according to a survey from Periscope By McKinsey. In the June polling, consumers also expressed interest in the use of digital screens for store navigation (22 percent) and digital shelf labels (20 percent).”
 
Of relevance to retailers, there was a smaller, but nonetheless significant, portion interested in augmented reality (AR) for product try-on and product info (16 percent each), eMarketer noted.

Insta-Pick for 5-15-21

By Staff
Friday, May 14, 2021 8:25 AM

Willis Eye Wear's Tweet for 5-15-21

By Staff
Friday, May 14, 2021 8:15 AM

LagunaEyes Optometry's Tweet for 5-15-21

By Staff
Friday, May 14, 2021 8:14 AM

WeShareIt 5-15-21

By Staff
Friday, May 14, 2021 8:10 AM This monogram-able catchall tray is perfectly constructed to hold frames when you don’t have the case on hand—or just as a cute, subtle opti-themed storage solution. You can pick it up from Mark & Graham here.

National Vision Reports a ‘Truly Remarkable Start to the Year’ as 18 Percent Comp-Store Growth Highlights Strong Q1 Results

By Staff
Friday, May 14, 2021 12:33 AM DULUTH, Ga.—National Vision Holdings (NASDAQ: EYE) reported Thursday that its net sales rose 13.7 percent to $534.2 million (from $469.7 million a year ago) and net income increased 346 percent to $43.4 million in its first quarter, which ended April 3. The retailer said its adjusted operating income rose 77.8 percent to $67.7 million in the period, and chief executive officer Reade Fahs noted that the results marked “a truly remarkable start to the year, as patients and customers chose us at record levels.”
 

Show Organizers Announce Education Program Planned for Vision Expo East 2021

By Staff
Friday, May 14, 2021 12:30 AM ALEXANDRIA, Va.—The Vision Council and Reed Exhibitions, organizers of Vision Expo, have announced the education program curated by the Conference Advisory Board for Vision Expo East 2021, taking place June 2-5 at the Orange County Convention Center in Orlando, Florida. The Show’s educational program, together with OptiCon@Vision Expo, will open Wednesday, June 2 and exhibits will open Thursday, June 3. To register for Vision Expo East, click here. Presented under the banner of VisionEd, Vision Expo’s newly branded, sought-after education program is dedicated to seminars, workshops and interactive presentations.

SECO 2021 Wraps First Hybrid Meeting and House of Delegates Elects New Officers

By Staff
Friday, May 14, 2021 12:27 AM ATLANTA—SECO International, host of the leading continuing education meeting for optometrists and allied health care ophthalmic professionals, held its annual Congress here from April 28 to May 2. The event was the first major optometry meeting of 2021, and also the first hybrid event for SECO. In an announcement, SECO said its organizers rose to the challenge presented by the COVID-19 pandemic and evolved the historic meeting’s offerings to include an in-person component in Atlanta, as well as a virtual attendance option.

Vision Is a Driver of Health and Personal Performance, According to New Report from VSP Global Innovation Center

By Staff
Friday, May 14, 2021 12:24 AM RANCHO CORDOVA, Calif.—The VSP Global Innovation Center released findings from a new report that identified vision as a key force in cutting-edge technologies and startup companies poised to shape the future of eyecare and eyewear. Created in collaboration with CB Insights, “The Future of Personal Performance,” identified five major trends that indicate where new opportunities for innovation exist as consumers increasingly seek ways to improve physical, mental, emotional, social and professional performance. “Applications that were once only accessible to elite athletes or through rare medical trials are now available to everyday consumers thanks to developing technology, economies of scale, increased consumer demand, and startup investments from major brands,” said senior director of the VSP Global Innovation Center Ruth Yomtoubian.

New Look Vision Reports First-Quarter Gains as its Prepares for Shareholder Vote on Going Private

By Staff
Friday, May 14, 2021 12:21 AM MONTREAL—New Look Vision Group Inc. (TSX: BCI) has reported financial results for its 13-week first quarter and provided updates on actions in response to COVID-19, store reopenings, on omnichannel and facility consolidation. The company said revenue increased 27.3 percent compared with the first quarter of last year to reach $86.6 million as a result of comparable-store sale gains, revenues from newly acquired stores and COVID-19 temporary store closures in March 2020, as opposed to essential services exempted lockdown in 2021.

Essilor Vision Foundation and Triangle Visions Optometry Form Charitable Partnership

By Staff
Friday, May 14, 2021 12:18 AM DALLAS—Essilor Vision Foundation (EVF) and Triangle Visions Optometry announced a partnership through EVF’s See Kids Soar https://www.evfusa.org/get-involved/see-kids-soar/ program. See Kids Soar is an in-office cause campaign intended to inspire parents, patients and eye doctors’ staff to adopt the cause of vision, and give them an opportunity to raise awareness and funds. Triangle Visions Optometry will launch the program in all of its 22 practices in May. “Everyone at Triangle Visions Optometry has a heart for giving back and serving communities that have limited or no access to eyecare,” said Anthony Clark, OD, owner, chief medical officer and chief development officer. 

Are You a Top U.S. Optical Retailer? Take Part in Vision Monday's 2021 Top 50 Optical Retailers Survey By May 19

By Staff
Friday, May 14, 2021 12:15 AM NEW YORK—After an extraordinary year of business challenges related to the COVID-19 pandemic in 2020, Vision Monday will be publishing its signature Annual Top 50 U.S. Optical Retailers Report in its upcoming June print/digital edition this year. The industry's leading news platform is kicking off its annual survey among regional and national retailers today for the signature report, which collates and presents sales and operations data for the calendar year ending Dec. 31, 2020. "We felt the survey this year had to be designed to reflect and account for the impact of the COVID-19 health crisis that began in March 2020 and continues to reverberate," said Marge Axelrad, VM's SVP and editorial director. A link to the survey is posted HERE.