EssilorLuxottica Posts Solid Results for First Half 2021, Sets Target of Carbon Neutrality by 2025

By Staff
Friday, July 30, 2021 7:16 AM CHARENTON-LE-PONT, France—EssilorLuxottica (Reuters: ESLX.PA) announced today a plan to achieve carbon neutrality within the next four years. The ambitious plan was revealed by EssilorLuxottica’s management against a backdrop of the company’s solid financial performance for the first half of 2021, which indicates a rebound from the impact of COVID-19 the prior year and a return to the pre-pandemic levels of 2019. Revenue for the Group during the first half of 2021, ending June 30, totaled €8,768 million, a +5.7 percent increase at constant exchange rates over the first half of 2019. Operating profit rose to €1,271 million, compared with a loss of €378 million a year ago and up 35.1 percent versus 2019.

Warby Parker Launches Virtual Vision Test, Enhanced Eyeglass and CL Rx Renewal App

By Staff
Monday, July 19, 2021 10:30 AM NEW YORK—Warby Parker today is significantly expanding its telehealth services by introducing Virtual Vision Test, a new and updated app that allows users to update both eyeglass and contact lens prescriptions. It is a one-stop solution for renewing an eyeglass or contact lens Rx using only an iPhone from anywhere, anytime. The test, which will cost $15, launches to the public today. The test in the app is a new iteration of the Prescription Check app that Warby introduced in 2017.

Zeiss Invites ECPs to Experience Its Vision of the Future at New Showroom

By Staff
Friday, July 16, 2021 12:33 AM HEBRON, Ky.—The “Zeiss Customer Experience”, featuring a model eyecare practice and optical store of the future, was on full display Wednesday, as Zeiss Vision Care executives welcomed visitors to the company’s new, 2,500-square foot Zeiss Vision Center showroom here. “We invite eyecare practitioners from across the country to visit our new facility so they can then open their own Zeiss Vision Center and provide a unique customer-centric experience for their patients,” said Jens Boy, president of Zeiss Vision Care U.S., who spoke to a group of invited guests and took part in a ribbon cutting ceremony, along with Kentucky state and local officials.

Global Alliance Announces ‘Love Your Eyes’ Theme for World Sight Day 2021

By Staff
Wednesday, July 7, 2021 12:27 AM LONDON—With 100 days to go until World Sight Day 2021, the International Agency for the Prevention of Blindness (IAPB) and its members yesterday announced "Love Your Eyes" as the theme for this year’s World Sight Day, which falls on October 14, 2021. IAPB has been joined by six World Sight Day Global Partners this year: Allergan, Bayer, Novartis, OneSight, Seva Foundation and World Council of Optometry. 

EssilorLuxottica Acquires HAL's 76.72 Percent Interest in GrandVision and Announces Mandatory Public Offer for Remaining GrandVision Shares

By Staff
Thursday, July 1, 2021 12:40 PM CHARENTON-LE-PONT, France—EssilorLuxottica (Euronext: EL) announced today that it has completed its acquisition of a 76.72 percent ownership interest in GrandVision from HAL Optical Investments, a wholly-owned subsidiary of HAL Holding, pursuant to the block trade agreement entered into with HAL on July 30, 2019. As a result of the completion of the transaction contemplated by the block trade agreement, EssilorLuxottica acquired “predominant control over GrandVision and is under an obligation to launch a mandatory public offer for all outstanding shares in GrandVision, in accordance with the applicable Dutch public offer rules.

Warby Parker Files Confidentially to Go Public

By Staff
Wednesday, June 23, 2021 8:30 AM NEW YORK—Warby Parker has submitted its paperwork to the Securities and Exchange Commission (SEC) for a public listing. The offering is expected to take place after the SEC completes its review process, the company said. Warby's brief statement said the company "has submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission relating to the proposed public listing of its Class A common stock. The public listing is expected to take place after the SEC completes its review process, subject to market and other conditions."

Optical Sales Recovered for the Week of June 7-13 Following Steep Declines During Memorial Day Holiday, Jobson’s Latest Weekly Tracker Shows

By Staff
Wednesday, June 16, 2021 12:30 AM NEW YORK—Optical sales recovered last week, June 7-13, following the steep declines experienced during the Memorial Day holiday of the previous week (May 31-June 6), according to data from Jobson’s latest Practice Performance Tracker. Gross revenue recovered and surpassed the -17 index points it lost the previous week by adding 23 index points last week. Not only did gross revenue recover last week (Week 24), but it also surpassed the comparable weeks of both 2019 and 2020.

If You Know an Influential Woman in Optical Nominate Her Now—Nominations Will Close on Sunday, June 13

By Staff
Friday, June 11, 2021 12:18 AM NEW YORK—Vision Monday will once again be highlighting The Most Influential Women in Optical in our July issue, marking the 19th anniversary of our signature Special Report saluting women in the eyewear/eyecare industry. The deadline for submitting nominations has been extended to 11:59 p.m. on Sunday, June 13. We are currently seeking nominations via an electronic survey form. Women’s influence in optical is undeniable and today, more women than ever before are playing vital roles at all levels of our industry.

Do You Know an Influential Woman in Optical? Nominate Her Now

By Staff
Friday, May 28, 2021 8:03 AM 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. This is why Vision Monday will once again be highlighting The Most Influential Women in Optical in our July issue, marking the 19th anniversary of our signature Special Report saluting women in the eyewear/eyecare industry. We are currently seeking nominations via an electronic survey form.

Do You Know an Influential Woman in Optical? Nominate Her Now, the Deadline Is June 7

By Staff
Friday, May 28, 2021 8:00 AM 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. This is why Vision Monday will once again be highlighting The Most Influential Women in Optical in our July issue, marking the 19th anniversary of our signature Special Report saluting women in the eyewear/eyecare industry. We are currently seeking nominations via an electronic survey form.

VM Announces New Dates for First Two Summit Sessions and Speakers for Lead-Off Event on Virtual Health

By Staff
Friday, May 21, 2021 12:30 AM NEW YORK—New dates have been announced for two virtual events that are part of the 2021 Vision Monday Leadership Summit. The lead-off Summit event, “VirtualEYZE! How Virtual Health is Expanding Eyecare's Boundaries,” is being rescheduled from June 9 to Wednesday, June 23, from 3:00 p.m. – 5:00 p.m. ET. The second event, “ALL-CONSUMING: A Deep Dive into the New Consumer Mindset,” which was originally set for July 14, is now scheduled for Wednesday, August 11, from 3:00 p.m. – 5:00 p.m. ET. Registration includes both virtual broadcasts, full access to the VM Summit virtual platform, networking, on-demand viewing, door prizes, and exclusive access to attendees-only content after the event. Optometrists, opticians, ophthalmologists and students can register for no charge. All other industry registration is $99. Details and registration are posted here.

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.

Rx Optical Will Partner With MyEyeDr.

By Staff
Monday, May 3, 2021 3:15 PM VIENNA, Va.–Rx Optical, with 54 locations across Michigan and Indiana, announced today that it is partnering with the MyEyeDr. family of practices. The deal will bring the total MyEyeDr. office count to 731 over 26 states and the District of Columbia. Details of the transaction were not disclosed. The partnership further solidifies the presence of MyEyeDr. in the Midwest. Since partnering with Goldman Sachs Merchant Banking in 2019, MyEyeDr. has added 185 offices to its list of optometric practices focused on the vision healthcare needs of a diverse patient base across the country, the company said.

VM's 6th Micro Chats on Macro Trends Video Looks at the Growing Retail-Healthcare Convergence

By Staff
Friday, April 30, 2021 12:33 AM NEW YORK—As evidenced by recent news and Vision Monday's own coverage of pharmacy chains, retailer groups and new competitive business models expanding their commitments in the primary and specialty healthcare space, there is a new interchange between the worlds of "retail" and "healthcare" growing within the current business climate. It's the topic of this week's latest short video, Micro Chats on Macro Trends, a series of conversations between VM editorial director Marge Axelrad and lens and technology editor Andrew Karp. The video can be viewed by clicking here.

Medical Optometry's Opportunity Is Escalating, and it Is the Focus of VM's Latest Micro Chat Video

By Staff
Friday, April 23, 2021 12:30 AM NEW YORK—Organized optometry has worked long and hard on widening its scope of practice and this widening scope offers much opportunity as the profession continues to work to raise its profile among all healthcare professionals in the wake of the pandemic. The matter of Optometry's Widening Scope is experiencing a crescendo in light of the rapidly changing healthcare landscape. It's the topic of this week's latest short video, Micro Chats on Macro Trends, a series of conversations between VM editorial director Marge Axelrad and lens and technology editor Andrew Karp. The video is the 5th in a 6-part series that examines significant trends influencing the way healthcare providers and optical retailers are doing business today, while preparing for the “next normal.” The video can be viewed below or by clicking here.