All U.S. articles – Page 2
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ArticleAmerican eyecare providers expect good things from 2023
In its report for the first quarter of 2023 The Vision Council finds that optimism reigns among eyecare providers in the U.S. – despite what the Council’s senior director of market research and analytics, Alysse Henkel, calls “acute pressures” from price inflation and a tight labor market. Surveyed providers found ...
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News briefs
New Vision Council report looks at eye care journey trends by demographics
A new report just published by the Vision Council looks at how consumers’ eyecare journeys differ across different age groups. Among the key findings of the research, the U.S. industry association noticed that, while they have the highest rate of managed vision care coverage, Gen X consumers are the least ...
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News briefs
DEG appoints new sales director for North America
The Design Eyewear Group (DEG) has appointed Jason Dopheide as its new vice president of sales at its North American subsidiary. Dopheide is an experienced eyewear executive who previously held sales manager positions in the region for Mondottica USA and Marcolin. Since 2016, he was director of sales of Morel ...
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News briefs
National Vision posts Q1 revenue increase but margins still down
National Vision has reported its first quarterly revenue increase in more than a year as group sales increased by 6.6 percent year-on-year to $562.4 million in Q1 2023. On a comparable-store basis, sales went up by 3.0 percent versus Q1 2022. Profitability remained however under pressure as the higher eyeglass ...
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ArticleWarby Parker confirms 2023 guidance after Q1 sales jump 12%
Warby Parker posted revenues in the first quarter ended March 31 of $172.0 million, up by 12.2 percent compared to the year earlier and above a guidance range of $164 million to $167 million. Active customers in the period increased by 2.5 percent to 2.29 million, while average revenues per ...
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News briefs
Zenni has sold 51 million pairs of glasses since launch
In a blogpost celebrating the 20th anniversary of the company, U.S. online optical retailer brand Zenni said that it has sold over 51 million pairs of glasses since its launch. The company added that its sales increased by 15 percent in 2022 compared with 2021 and that more than 60 ...
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News briefs
Tokai partners with Pacific Artisan Labs in the U.S.
Japanese-based lens maker Tokai Optical has signed an exclusive distribution agreement with Pacific Artisan Labs (PAL) for the U.S. market. The partnership, effective June 1, will initially focus on the launch of Tokai’s NeuroSelect lens designs. The lens was developed with neuroscience technology, enabling the creation of designs based on ...
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News briefs
Essilux to invest $11m in support of future U.S. optometrists
Against the backdrop of a lingering shortage of eye care professionals in the U.S., EssilorLuxottica has announced that it would invest $11 million in the next two years in support of future optometrists in the country, in partnership with the Association of Schools and Collegues (ASCO). The budgeted amount includes ...
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ArticleNational Vision in the red in Q4 as uninsured customer base is hit by inflation
National Vision, the U.S. third largest optical retailer, has reported decreasing sales and sharp profitability drops for both the last quarter of 2022 and the full year, which sent the company’s stock price tumbling. The company, which mostly addresses the lower end segment of the market, noted that the economic ...
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ArticleWarby Parker sees more store openings, looks to improve profitability after mixed Q4
Warby Parker expects to open another 40 stores in 2023, while it also looks to improve profitability and grow its top line by another 8-10 percent despite continued economic uncertainty and a “depressed consumer environment”. In the three months ended Dec. 31, revenues at the U.S.-based direct-to-consumer (DTC) company increased ...
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News briefs
VSP Vision recruits new president for VSP Ventures
VSP Vision has announced the appointment of Kathleen Steele as president of VSP Ventures, its business division focusing on growing the group’s network by acquiring independent optometry practices. Steele worked for close to ten years at Luxottica’s U.S. subsidiary, the last five as the group’s vice president of operations. In ...
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ArticleThe Vision Council sees a much bigger but flat U.S. market for 2022
The Vision Council has changed its view of the U.S. optical industry, after a revamping of its statistical methods, and has just published a retitled annual survey: the Market inSights Report. Available free of charge to the Council’s members, the report estimates data for product categories, market divisions and the ...
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ArticleWarby Parker details strategy at Morgan Stanley conference
Warby Parker, represented by its co-founder and co-CEO Dave Gilboa, participated earlier this week in Morgan Stanley Global Consumer & Retail Conference, during which the company detailed some elements of its current business and replied to questions on its future strategy, including on ways to achieve profitability. The U.S. omnichannel ...
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News briefs
Stable eyewear and eyecare demand in the U.S. in Q3, report says
The demand for eyecare and eyewear in the U.S. has remained fairly stable since the start of the year, according to The Vision Council’s Consumer inSights Q3 report, which is based on a survey of over 15,000 adults. The results for the third quarter of the year were largely in ...
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News briefs
More than half U.S. customers aware of blue light glasses, survey finds
According to a consumer survey by The Vision Council that involved over 15,000 adults earlier this year in the U.S., 25 percent of participants said they were currently using glasses or contact lenses that filter blue light. Half of consumers also said that they were concerned about the potential effects ...
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ArticleWarby Parker adjusts outlook upwards after beating guidance in Q3
Warby Parker tweaked its guidance for the full year, raising it slightly after achieving third quarter results that were moderately above expectations but maintaining a cautious outlook due to inflation, shifts in consumer demand and lingering Covid-19 pandemic effects. The U.S.-based direct-to-consumer (D2C) company now expects sales for the full ...
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News briefs
National Vision keeps expanding store network in spite of declining sales
U.S. optical retail group National Vision has reported Q3 revenue of $499 million, down by 3.6 percent compared to 2021. Comparable store sales decreased by 8.0 percent year-on-year for the quarter. These declines however mark a small improvement from Q2 where revenue and comparable store sales were down by 7.2 ...
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News briefsCooperVision to make toric mutifocal contacts in the U.S.
CooperVision has added Biofinity toric multifocal contact lenses to the list of products it makes to order at its factory in Scottsville, New York. Within the next few months all lens six-packs destined for the U.S. and Canada will be turned out there, so as to cut out international shipping ...
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News briefs
Zenni speeds through 50 million pairs’ mark, launches new app
U.S. online optical retailer Zenni has announced that it has sold more than 50 million pairs of glasses since its launch in 2003. The company added that it has doubled its sales’ output in less than four year as the previous 25 million pairs’ milestone was reached in March 2019. ...
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ArticleU.S. eyecare market insulated from inflation, CLI survey says
Vision Expo West – held on Sept. 14-17 in Las Vegas – previewed the results of a survey on eyecare in times of financial duress. Commissioned by the Contact Lens Institute through its “See Tomorrow” initiative, and conducted on Aug. 9-17, the survey queried 251 contact lens wearers screened from ...
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