Vision Group Holdings, Parent of TLC Laser Eye Center and Laser Vision Institute, Files for Bankruptcy, Expects Ownership Transition

By Staff
Tuesday, June 2, 2020 12:33 AM WEST PALM BEACH, Fla.—LVI Intermediate and 17 of its affiliates, including the Laser Vision Institute and TLC Laser Eye Center brands, has filed for voluntary protection from creditors in Delaware under Chapter 11 of the U.S. Bankruptcy Code. The company does business as Vision Group Holdings and the bankruptcy filing was made late last week.

Safilo Completes Acquisition of 70 Percent Stake in Blenders Eyewear

By Staff
Tuesday, June 2, 2020 12:24 AM PADUA and SAN DIEGO—Safilo Group has announced the closing of its acquisition of a 70 percent stake in the equity of the Blenders Eyewear LLC, a California-based e-commerce eyewear company.

President Trump to Take Steps to End Hong Kong’s Special Status for Customs Controls

By Staff
Tuesday, June 2, 2020 12:18 AM ALEXANDRIA, Va.—On Friday, May 29, President Donald Trump announced that the U.S. will begin the process of revoking Hong Kong’s differential treatment from China, based on a belief that the territory is no longer autonomous from China. Most notably, this indicates that Hong Kong will no longer be treated as a separate Customs territory. Additionally, the contemplated changes will impact travel to Hong Kong as individuals will need to procure a Chinese visa, according to a government and regulatory affairs update from The Vision Council.  

EyeCare Partners Reinstates All Services Along With New Health and Safety Guidelines for Staff and Patients

By Staff
Thursday, May 21, 2020 12:30 AM ST. LOUIS—EyeCare Partners has resumed all services throughout its network of optometry and ophthalmology practices across the country to offer patients a safe way to receive preventive and routine vision care, according to an announcement this week.

Consolidation Impacted 2019's Top 50 Ranking in Mid to Upper Tiers and Growth of Value Sector as Period of Retail Reset Begins

By Staff
Monday, May 18, 2020 12:30 AM NEW YORK—The year 2019 seems like a very distant memory right now, but in hindsight it was a fairly strong year for most optical retailers. In the U.S., the optical market rose to about $37.5 billion, according to The Vision Council’s VisionWatch tracking reports, and sales grew at a nice pace compared with the prior year.

National Vision Announces Plans to Move to a Virtual Annual Meeting on June 10

By Staff
Monday, May 18, 2020 12:18 AM DULUTH, Ga.—National Vision Holdings Inc. (NASDAQ: EYE), one of the nation’s largest optical retailers, announced Friday that its 2020 annual meeting of stockholders, which is scheduled for June 10, will be conducted through virtual means only. This is due to the public health and travel concerns in light of the coronavirus (COVID-19) pandemic.

Eyecare Practices That Have Reopened Find Many Patients 'Eager' to Reschedule Appointments, Wave 9 of Jobson Research Survey Finds

By Staff
Friday, May 15, 2020 12:24 AM NEW YORK—A number of positive signs for ECPs have emerged in Wave 9 of the Jobson Optical Research Coronavirus ECP survey, including the finding that 75 percent of respondents whose practices are open have found that patient demand is as expected (49 percent) or even higher (26 percent) than expected. In addition, 91 percent of the respondents said their patients were either “eager to reschedule” (33 percent) or willing to reschedule if they are “comfortable with the safety precautions in place” (58 percent), according to the survey’s findings being released today.

Click to view a PDF of the full survey results.

UnitedHealthcare and GlassesUSA.com Agree to Network Relationship, Expanding UHC Members’ Online Access to Eyewear

By Staff
Friday, May 15, 2020 12:21 AM MINNETONKA, Minn.—People enrolled in UnitedHealthcare employer-sponsored and individual vision plans now have network access to GlassesUSA.com.  

Shopko Optical Launches Reopening Plan With Patient and Staff Safety Measures in Place

By Staff
Thursday, May 14, 2020 12:27 AM GREEN BAY, Wis.—After temporarily closing its centers to protect patients and staff during the COVID-19 pandemic, Shopko Optical is reopening all of its 80-plus freestanding locations in a phased approach throughout the month of May, according to an announcement this week.

New Look Vision Reports Q1 Sales Decline, But Says Store Reopenings Are Underway and New Financing Arrangement Is in Place

By Staff
Thursday, May 14, 2020 12:21 AM MONTREAL—New Look Vision Group Inc. (TSX: BCI), a leader in the Canadian optical sector with 393 stores across Canada and Florida, reported this week that its first-quarter sales declined 4.8 percent to $68 million, a result it attributed to COVID-19 temporary store closures, as well as scheduled store closures offset by revenue from newly acquired stores.

OWP Announces Acquisition of Flair

By Staff
Monday, May 11, 2020 12:18 AM PASSAU and OELDE, Germany—OWP Brillen GmbH has announced the acquisition of Dr. Beck GmbH & Co KG and its subsidiary Bexx Brillenmode GmbH & Co KG.

National Vision Holdings’ First-Quarter Results Hit By COVID-19, But Company Sees Gradual Store Reopenings and Recovery

By Staff
Friday, May 8, 2020 12:30 AM DULUTH, Ga.—Battling the impact of COVID-19, National Vision Holdings Inc.(NASDAQ: EYE) reported Thursday that its sales increased 1.8 percent to $469.7 million in the first quarter, which ended March 28.

Eyemart Express Plans to Reopen 72 Select Stores to Provide Essential Eyecare May 4

By Staff
Friday, May 1, 2020 12:24 AM DALLAS—Eyemart Express, a leading national optical retailer, is announcing today that it will resume operations to serve essential eyecare needs at 72 select stores on May 4.

The Vision Council Shares Stimulus Letter to Congress

By Staff
Thursday, April 30, 2020 12:35 AM WASHINGTON, D.C.—Yesterday, The Vision Council sent a letter to Speaker Pelosi and Leaders McConnell, Schumer and McCarthy on behalf of its members. The letter was sent to request various levels of support for those in the eyecare industry in the next stimulus package. Within the letter, The Vision Council requested Congress consider personal protective equipment, Small Business Administration Paycheck Protection Program, COVID-19 testing and guidance for employers, and liability protection in the next stimulus package.

Pearle Vision Announces Three Area Development Agreements That Cover 13 New Locations in California and Colorado

By Staff
Thursday, April 30, 2020 12:24 AM MASON, Ohio—Pearle Vision has signed three new area development agreements in Western states. The new agreements were approved for the East Bay area of California; Irvine, Calif., and Colorado Springs, Colo., according to an announcement on Thursday. The agreements cover five locations in both California markets, and three new locations in Colorado Springs. Pearle Vision, a unit of Luxottica Retail, operates more than 500 eyecare centers throughout the U.S., Canada and Puerto Rico. Its licensed owners with area development agreements are granted exclusive territory rights and pay a reduced franchise fee and lower royalty fees, according to Pearle Vision’s announcement.