More Than 165 million People Expected to Shop Over Five-Day Thanksgiving Weekend

By Staff
Thursday, November 21, 2019 2:34 PM WASHINGTON—Retailers are preparing for one of the busiest shopping weekends of the year with an estimated 165.3 million people likely to shop Thanksgiving Day through Cyber Monday, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics.

“The tradition of Thanksgiving weekend holiday shopping has become a five-day event with consumers spending money in stores, supporting local small businesses, and online with their mobile devices and computers,” NRF president and CEO Matthew Shay said. “Even as people are starting to purchase gifts earlier in the season, consumers still enjoy finding good Thanksgiving deals and passing time shopping with family and friends over the long holiday weekend.”

Throughout the course of the holiday weekend, 39.6 million consumers are considering shopping on Thanksgiving Day, 114.6 million on Black Friday, 66.6 million on Small Business Saturday and 33.3 million on Sunday. The shopping weekend will wrap up on Cyber Monday, when 68.7 million are expected to take advantage of online bargains. Click here to read the full story from the National Retail Federation.

Taking a Closer Look at What Americans Will Pay for Streaming Services

By Staff
Thursday, November 21, 2019 2:10 PM NEW YORK – It’s beginning to look like 2020 will be the year of the Great Streaming Wars, as the number of companies that now offer video streaming services to consumers continues to grow.

Over the next few months at least a half-dozen companies will attempt to stake a claim on household entertainment budgets with unique streaming offers. But there may be a threshold for how many subscriptions consumers are willing to support, or at least for how much they’re willing to pay, according to a recent YouGov survey

Just over half (56 percent) of America already subscribes to between one and three services, according to YouGov data, and the research firm predicts that about a quarter (26 percent) of Americans seem ready to add a new subscription.

That number goes up when looking at current cord cutters, or those who already have moved to use streaming services instead of a cable or satellite provider for video. A large portion (40 percent) of this group say they are somewhat or very likely to subscribe to more services.

Alcon Reports Third-Quarter Sales Increase and Announces Plan for ‘Multi-Year Transformation Program’

By Staff
Thursday, November 21, 2019 12:27 AM GENEVA—Alcon (SIX/NYSE:ALC) reported third-quarter financial results showing a 6 percent sales increase (at constant currency) for the period ended Sept. 30 and also announced a plan for “a multi-year transformation program” designed to reorganize and reinvest savings into “strategic growth initiatives supporting long-term financial goals.” The company also noted its successful recent U.S. launches of PanOptix and Precision1 contact lenses. For the third quarter, worldwide sales rose 4 percent on a reported basis to $1.8 billion.

Michelin and Essilor Join Forces for Safer Mobility

By Staff
Thursday, November 21, 2019 12:25 AM As part of their mobilization around World Sight Day 2019, Michelin and Essilor have signed a 2-year collaboration through a Memorandum of Understanding. The collaboration aims to widely reach the public and raise awareness on the importance of good vision on the road. 

ABB Optical Group Opens New Optical Lens Fabrication Lab in Northern Kentucky

By Staff
Thursday, November 21, 2019 12:24 AM
CORAL SPRINGS, Fla.—ABB Optical Group, a national provider of products, services and business solutions for the eyecare sector, announced Wednesday that the company’s optical lens fabrication business pillar has opened a new laboratory in Erlanger, Ky. The new 42,000 square-foot facility is replacing the company’s existing 8,000 square-foot facility in nearby Cincinnati. The lab’s current staff of more than 60 people will move into the new building, which in the future is expected to employ approximately 200 individuals, according to the announcement.

Americans and Privacy: Concerned, Confused and Feeling Lack of Control Over Their Personal Information

By Staff
Wednesday, November 20, 2019 4:01 PM A majority of Americans believe their online and offline activities are being tracked and monitored by companies and the government with some regularity. It is such a common condition of modern life that roughly six-in-ten U.S. adults say they do not think it is possible to go through daily life without having data collected about them by companies or the government, according to a recent feature from Pew Research Center. 

Data-driven products and services are often marketed with the potential to save users time and money or even lead to better health and well-being. Still, large shares of U.S. adults are not convinced they benefit from this system of widespread data gathering. Some 81% of the public say that the potential risks they face because of data collection by companies outweigh the benefits, and 66% say the same about government data collection. Click here to read the full story.

Immagine 98 Eyewear Commits to Being Green

By Staff
Wednesday, November 20, 2019 12:25 AM In their effort to protect the environment, the Italian Government has introduced new rules for optical frame manufacturers in Italy. The laws were passed in April 2019 and every manufacturer in Italy has to comply with them. This is having a major impact on the eyewear industry. 

ABB Optical Names Marc Tersigni as Country Manager for Business Operations in Canada

By Staff
Wednesday, November 20, 2019 12:21 AM
CORAL SPRINGS, Fla.—ABB Optical Group, a leading provider of products, services and business solutions for the eyecare industry, has named Marc Tersigni as its country manager for its Canadian operations, according to an announcement on Tuesday. In this role, Tersigni will be responsible for leading business operations in Canada as ABB Optical Group will begin distributing contact lenses to Canadian eyecare professionals beginning in the first quarter of 2020. In September, ABB Optical first announced its plans to expand into the Canadian market beginning next year. It will distribute contact lenses starting with servicing FYidoctors, Canada’s largest doctor-owned provider of eyecare and ophthalmic products and services, and the group’s independent alliance clinics, as VMAIL reported

Leica Microsystems Taps Precision Lens for U.S. Midwest Distribution

By Staff
Wednesday, November 20, 2019 12:18 AM
BUFFALO GROVE, Ill.—Leica Microsystems and Precision Lens have signed an exclusive distribution agreement. Precision Lens, which sells and distributes intraocular lens (IOLs) and supplies for cataract surgery in its markets, will be Leica's exclusive channel partner for ophthalmic surgical microscopes and digital imaging equipment for the OR in select geographies in the U.S. Midwest. Under the agreement, Precision Lens will deploy a dedicated sales team to introduce the Leica ophthalmic portfolio to surgeons in 12 states, namely Arkansas, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, Wisconsin, and Wyoming.

New Technologies Empower Seamless Eretail

By Staff
Tuesday, November 19, 2019 11:23 AM A new whitepaper by Juniper Research, “New Technologies Empowering Seamless Eretail,” notes that the retail market has undergone a radical transformation which has been driven by an increasing focus on consumers. Indeed, shoppers are now everywhere: in stores, online or both at the same time by checking the latest deals on their smartphones or tablets. This has put a crucial emphasis on customer convenience; forcing retailers, both in store and online, to offer more seamless and frictionless shopping experiences coupled with omnichannel payments. According to Juniper Research, by the end of 2019, eCommerce will have a significant role to play with 44 percent of the global population purchasing physical goods and 27 percent purchasing digital goods sales.

#VeneziaAllOpera

By Staff
Tuesday, November 19, 2019 12:25 AM From November 13 to 24, the prestigious Casa dei Tre Oci will host, inside the Sale De Maria, the photographic exhibition #VeneziaAllOpera, a project that shows 14 historical realities of the Venetian craft tradition through the eyes of two young talents: Giovanni Genzini and Alberto Papagni. The exhibition is promoted by Lozza, the historic eyewear brand of De Rigo Group. 

CooperVision Says ‘Breakthrough’ MiSight 1 Day Lens for Childhood Myopia Set for March 2020 U.S. Launch

By Staff
Tuesday, November 19, 2019 12:24 AM
SAN RAMON, Calif.—CooperVision announced today that its innovative MiSight 1 day contact lens will launch in the U.S. early next year as part of a CooperVision myopia management initiative. The initiative is scheduled to begin in March. The MiSight lens received Food and Drug Administration (FDA) approval on Friday (Nov. 15), as VMAIL reported, and will be the cornerstone of a comprehensive myopia management approach to be offered by CooperVision, according to the company’s announcement.

Authentic Brands Group, Electric Visual Evolution Announce Global Partnership to Launch Volcom Eyewear

By Staff
Tuesday, November 19, 2019 12:21 AM NEW YORK—Authentic Brands Group and Electric Visual Evolution have announced a global partnership for Volcom eyewear. Under the agreement, Electric will design, develop, produce and distribute both eyewear and snow goggles for the lifestyle brand. The first collection of Volcom Eyewear will debut in 2020 at Volcom stores, key departments stores and action sports specialty accounts worldwide, as well as online on Volcom.com. A company spokesperson told VMail that the collection will include prescription sunglasses, but there are no plans for optical channel distribution or optical frames at the moment. Southern California born, Volcom’s lifestyle brand is rooted in art, music, film and board sports.

Men’s Grooming Market Is Poised for Growth

By Staff
Monday, November 18, 2019 2:56 PM Self-care, skincare, wellness: the trends that have captured the mindshare, and wallets, of U.S. women are inching their way into the world of men’s grooming, according to a recent post by Stella Rising blogger Elizabeth Timmis.

Per Mintel, nearly half of men feel that self-care fuels their overall well-being, and the growth in their personal care products exemplifies that. This industry is expected to increase 7 percent through 2023, with skincare and haircare flourishing in particular.

'The Future of Healthcare: Beyond 2020' Registration Opens for the VM March 25 Global Leadership Summit

By Staff
Monday, November 18, 2019 12:30 AM NEW YORK—The healthcare industry is being shaken by powerful forces that are creating new forms of competition and transforming patients into consumers who are seeking pathways to wellness that offer convenience, affordability and personalized care. New market leaders are emerging, and established brands are reinventing themselves with fresh approaches and enhanced customer experiences. Doctor-patient relationships are being redefined. How will these transformative changes impact vision care providers and payors? Suppliers? VM’s 14th annual Global Leadership Summit will explore these and other pivotal questions as part of its program, “The Future of Healthcare: Beyond 2020.” Thought leaders and influential thinkers will share their visions of healthcare’s future and discuss how the optical industry can play a broader, more significant role in it. Attendees will take away actionable ideas and practical strategies that will help them compete in today’s consumer-centric business environment.