Walmart to Acquire AR Optical Tech Company Memomi for Virtual Try-On and Contact-Free Digital Measurements

By Staff
Wednesday, June 29, 2022 8:03 AM Walmart to acquire Memomi, Jobson Quarterly ECPulse Survey monitors business trends for ECPs, EssilorLuxottica Board of Directors appoints new chairman, Leonardo Del Vecchio passes away at 87 and Schneider unveils Modulo One at Digicon Conference all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

New Jobson Quarterly ECPulse Survey Monitors Wide Range of Influences on ECPs' Businesses

By Staff
Wednesday, June 29, 2022 12:24 AM NEW YORK—A new ECPulse Survey of eyecare professionals across the country is being started by Jobson Research this month, a new quarterly research series which will monitor a range of factors influencing ECPs' business. The first Q2 2022 ECPulse report, conducted in June 2022, surveyed 403 ECPs. It examines general business trends, practice profitability comparability by month and quarter, a closer look at business trends, such as interest in specialization, the impact of supply chain issues and more.

EssilorLuxottica Board of Directors Pays Tribute to Leonardo Del Vecchio and Appoints New Chairman

By Staff
Tuesday, June 28, 2022 1:45 PM CHARENTON-LE-PONT, France—EssilorLuxottica’s Board of Directors, met today and paid homage to chairman, Leonardo Del Vecchio, who passed away peacefully yesterday morning. “He will forever be remembered for his values, robust leadership, passion, exceptional character as well as his dedication toward the company and its employees,” the announcement said. During the meeting, the Board of Directors appointed Francesco Milleri as its new chairman for the remaining duration of his mandate. Milleri will also carry on assuming his term of office as chief executive officer of EssilorLuxottica.

Leonardo Del Vecchio, Founder, Visionary and Chairman of EssilorLuxottica, Passes Away at 87

By Staff
Monday, June 27, 2022 8:20 AM CHARENTON-Le-PONT, France—Leonardo Del Vecchio, business visionary, founder of Luxottica Group and chairman of EssilorLuxottica, has passed away at the age of 87. In a brief statement this morning, EssilorLuxottica said, "EssilorLuxottica sadly announces today that its chairman Leonardo Del Vecchio has passed away. The company expresses its deepest condolences to the family and to the global employee community for this enormous loss. The Board will meet to determine next steps."

Schneider Unveils Modulo One, the First Fully Automated Optical Lab, at Digicon Conference

By Staff
Monday, June 27, 2022 12:30 AM MARBURG, Germany—Optical laboratory owners and operators from around the globe gathered here last week at Digicon 2022, a conference sponsored by Schneider Optical Machines that served as a springboard to launch Modulo One, the company’s fully automated platform for fabricating and processing ophthalmic lenses.

Prevent Blindness Declares Second Annual Fireworks Safety Awareness Week as June 28-July 4 to Educate on the Dangers of Fireworks

By Staff
Friday, June 24, 2022 12:27 AM Prevent Blindness declares Fireworks Safety Awareness Week, AAOF announces BRIGHT IDEAS Pitch Competition, ECP’s gross revenue decreased, Jobson Tracker says, Optometry’s Meeting completes four-day run in Chicago, and CVS Health will exit the in-store optical business all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

American Academy of Optometry Foundation Announces Inaugural BRIGHT IDEAS Pitch Competition

By Staff
Thursday, June 23, 2022 12:24 AM ORLANDO—The American Academy of Optometry Foundation (AAOF) has announced its inaugural BRIGHT IDEAS Pitch Competition. The competition is designed to provide recognition, mentoring, and monetary reward to new or early-stage entrepreneurs with an idea or innovation that will improve eyecare treatment or devices. The application deadline is Friday, July 8, 2022. The American Academy of Optometry Foundation (AAOF) is the 501(c)(3) philanthropic arm of the American Academy of Optometry (AAO). It was founded in 1947 for the “upholding, broadening, fostering, promoting and aiding of optometric education; the profession of optometry and its practitioners.”

The National Average for Gross Revenue at ECP Locations Decreased for the Week of June 13-19, Jobson’s Latest Practice Performance Tracker Shows

By Staff
Wednesday, June 22, 2022 12:24 AM NEW YORK—The national average for gross revenue at ECP locations decreased last week, June 13-19, at a rate of -2 index points. That places gross revenue at a level 4 index points above where it was at this point in time (Week 25) when compared with last year, 3 points above Week 25 of 2020, and 10 points above 2019, according to Jobson’s most recent Practice Performance Tracker. All optical sales categories were either flat or down last week when compared with the previous week, ranging from -3 index points for lens pairs to unchanged for frame units.

Optometry’s Meeting Completes Four-Day Run in Chicago as Leaders Note ‘Optometry Is Advancing’ and Has Many Opportunities to Explore

By Staff
Monday, June 20, 2022 12:27 AM CHICAGO—Thousands of eyecare professionals, industry executives and students converged at McCormick Place in Chicago late last week for the annual Optometry’s Meeting organized by the American Optometric Association (AOA). The meeting, which opened Wednesday, drew nearly 4,000 doctors of optometry, optometric students, paraoptometrics and others, and also marked the first time that many AOA members had been together since the 2019 meeting in St. Louis, as last year’s meeting in Denver was smaller by contrast.

CVS Health Will Exit the In-Store Optical Business, With 46 Remaining Optical Departments Expected to Close By August

By Staff
Monday, June 20, 2022 12:24 AM WOONSOCKET, R.I.—CVS Health will completely exit the in-store optical business by mid-August, a decision the company said that follows from a review of resources and the determination that it should make “a pivot when necessary to invest in health care services and solutions that will make the greatest impact.” The company currently has in-store optical departments in 46 locations, after closing six locations since the end of 2021. The company will retain its CVS Optical digital business, according to a spokeswoman.

VSP Ventures Acquires Two Additional California Practices

By Staff
Friday, June 17, 2022 12:33 AM VSP Ventures acquires two practices, See & Be Seen Frame Benefit for Opening Your Eyes Scholarship starts June 18, ECP’s gross revenue increased substantially, Jobson Tracker says, consumer interest in vision benefits is rising and Midwest Vision Partners announces two new partnerships all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

See & Be Seen Frame Benefit for Opening Your Eyes Scholarship Kicks Off on June 18

By Staff
Thursday, June 16, 2022 12:27 AM NEW YORK—The See & Be Seen Frame Benefit will kick off on Saturday, June 18 and will remain active until June 25 at 11:59 p.m. EDT. The benefit, presented by Tarrence Lackran (@TheOpticalPoet on Instagram), features frames with special significance designed by leading independent designers to support The Vision Council's Opening Your Eyes Scholarship (OYES). OYES provides full scholarships and paid internships to high school seniors from underrepresented communities who have an interest in pursuing a career in the optical industry.

The National Average for Gross Revenue at ECP Locations Increased Substantially for the Week of June 6-12, Jobson’s Latest Practice Performance Tracker Shows

By Staff
Wednesday, June 15, 2022 12:24 AM NEW YORK—The national average for gross revenue at ECP locations increased substantially last week, June 6-12, at a rate of 22 index points, recouping and surpassing the -18 index points it declined the previous week during the Memorial Day holiday. That places gross revenue at a level 4 index points above where it was at this point in time (Week 24) when compared with last year, 6 points above Week 24 of 2020, and 11 points above 2019. With gross revenue at 104 index points by Week 24 of 2020, the impact of the pandemic appears to have diminished by that point in time, according to Jobson’s most recent Practice Performance Tracker.

Consumer Interest in Vision Benefits Is Rising, Led by Virtual Eyecare Options, Versant Study Finds

By Staff
Tuesday, June 14, 2022 12:27 AM BALTIMORE—Consumer opinions of the value of vision care as part of whole-body health are rising, according to the results of Versant Health’s newly released third annual Vision Wellness Study. The study also found that more people agree that the ability to identify both eye diseases and chronic health conditions are highly valuable services offered by eye doctors. Additionally, Versant found that the use of virtual eyecare options—including telemedicine, tech-enabled communication, and online eyewear shopping—have both increased year-over year and influence consumer's insurance benefits decisions.

Midwest Vision Partners Announces Two New Partnerships as Group Expands Into Three New States

By Staff
Monday, June 13, 2022 12:24 AM CHICAGO—Midwest Vision Partners (MVP) said it has recently completed two new partnerships, which also expands the group’s presence into three new states. The new eyecare partnerships are with Spectrum Eye Institute (Spectrum), which operates two eyecare locations in Illinois, and Lee Eye Center (LEC), which operates five locations throughout Ohio, Pennsylvania and West Virginia. The terms of the partnership transactions were not disclosed. The new states for Midwest Vision—which is backed by the San Francisco-based private equity firm Alpine Investors—are Illinois, Pennsylvania, and West Virginia.