Friday, November 8, 2019 12:27 AM
DULUTH, Ga.—Marking its 71st consecutive quarter of comparable-store sales growth, National Vision Holdings Inc.
(NASDAQ: EYE) reported Thursday that its net revenue increased 11.5 percent to $431.9 million in the third quarter, driven in part by adjusted comparable-store sales growth of 6.2 percent (5.7 percent non-adjusted) in the quarter. Net income totaled $1.2 million in the quarter, which compares with net income of $5.2 million in the year-ago period. However, adjusted net income increased 65.8 percent to $14.5 million, compared with $8.7 million in last year’s third quarter.
Friday, November 8, 2019 12:24 AM
CALGARY, Alberta—FYidoctors | Visique
, an optometrist-owned eyecare company based here, announced Thursday that it has acquired Grimard Optique
, a Quebec-based vision care and retail chain with 22 locations. Grimard has been serving Canadians for more than 39 years, with the majority of its locations in Quebec and others in Manitoba, New Brunswick and Nova Scotia, according to the announcement. The terms of the deal were not disclosed. Grimard Optique employs 148 staff members (including more than 45 optometrists and 40 opticians) who are “dedicated to providing optimal quality eyecare to its patients and are excited to continue doing so,” the announcement noted.
Thursday, November 7, 2019 12:21 AM
DALLAS—In recognition of Veterans Day, Eyemart Express
announced this week that it will honor veterans, active- and non-active duty military personnel and their families with a nationwide discount program. Through Nov. 16, all individuals who have served the United States and their families will receive 20 percent off prescription eyewear purchases when they visit an Eyemart Express store, the announcement noted. In addition, in an effort to better serve the veteran community, Eyemart Express said it has expanded its relationship with the Veterans of Foreign Wars (VFW), the nation's largest nonprofit veterans' service organization, as its exclusive vision care partner. VFW members and their families receive a 20 percent discount on eyewear purchases year-round..
Friday, October 18, 2019 12:18 AM
| Visique, an optometrist-owned eyecare company based here, announced that Dr. Viktor Kuraitis and his staff have joined the FYidoctors family. The Dr. Viktor A. Kuraitis, OD, clinic will continue to operate in the same location and to serve its patients with the same quality eyecare experience under the FYidoctors banner, the announcement noted. “Merging my clinic with a company that prides itself with the same values and ethics under which we operate played a major role in the decision,” Kuraitis said in the announcement.
Wednesday, October 16, 2019 12:30 AM
, a leading national value optical retailer, expects to open 25 new locations nationwide this year as it expands to four additional states.
Wednesday, September 11, 2019 9:15 AM
ST. LOUIS—EyeCare Partners
, (ECP), the growing network of full scope medical optometry and ophthalmology practices, announced today its acquisition of Nationwide Vision
, the leading Arizona-based full service vision care provider. The transaction, just closed, marks the entry of EyeCare Partners into Arizona and strengthens the groups presence in the Florida market as well. Terms of the transaction were not disclosed. Nationwide, headquartered in Chandler, Ariz., operates 8o optometry offices in Arizona and nine in central Florida.
Tuesday, August 20, 2019 12:21 AM
PALM SPRINGS, Fla.—Now Optics, a leading eye health provider under the retail brands Stanton Optical
and My Eyelab
, has announced a new business team of experienced executives to lead its franchise development. Since launching the franchise business in 2016 under the My Eyelab brand, the company has opened nearly 30 stores and has an additional 65 locations in various stages of operations and development, according to an announcement on Monday.
Tuesday, August 20, 2019 12:18 AM
HOUSTON—Texas State Optical
, the member-owned cooperative based here, announced last week the results of its recent election of directors and board officers. The positons became effective July 1, the announcement noted. The following TSO board members will serve as the organization's reappointed officers: Dr. Phong Pham of Houston, chair of the vendor relations committee; Dr. Leigha Nielsen of New Braunfels, Texas, chair of the membership committee; Dr. Stephen Stanfield of San Marcos, Texas, chair of the nominations committee; Dr. Jonathan Sher of McKinney, Texas, chair of the professional affairs committee; and outside director and non-shareholder C. Edward Buffington of Rancho Cordova, Calif.
Wednesday, August 14, 2019 12:24 AM
ALEXANDRIA, Va.—Yesterday, the Trump administration set forth two sub-lists of tariff numbers included in the fourth tranche of China 301 tariffs scheduled to go into effect on Sept. 1, 2019 and Dec. 15, 2019. This means that Chinese-origin spectacle lenses, spectacle frames, sunglasses, reading glasses, eyeglasses, safety glasses, goggles and many low vision devices will be subject to an additional 10 percent tariff on those dates, according to an alert The Vision Council
sent to its members late yesterday.
Tuesday, August 13, 2019 12:16 AM
MASON, Ohio—Several new Pearle Vision
EyeCare Centers are planned to open soon in central Florida, according to a recent company announcement. Licensed owner Kim Dawson will open the first of three EyeCare Centers in the Windermere and Winter Garden areas of Florida in 2020, the announcement noted. Pearle Vision’s area development program grants territories to qualified candidates to develop and open new locations, the company has noted of its franchising program. This type of development program allows for steady and predictable growth in a specific territory with a specific business team.
Friday, August 9, 2019 12:18 AM
PITTSBURGH, Pa.—Highmark Health
, the second largest integrated health care delivery and financing network in the nation, on Thursday reported first-half financial results showing an excess of revenue over expenses of $629 million and an operating gain of $410 million. The firm credited “strong sales” at its Visionworks
optical retail unit, as well as other factors, as contributing to the group's “extended positive financial momentum.” Total consolidated revenues for Highmark Health were $9.2 billion for the first six months of the year, which compared with just under $9.4 billion in the year-ago period, the announcement noted.
Tuesday, August 6, 2019 12:18 AM
SCHIPHOL, the Netherlands—GrandVision NV
(EURONEXT:GVNV) has acquired 100 percent of Graffiti Holding AG, which holds 100 percent of McOptic, according to an announcement late last week. McOptic is the third-largest optical retailer in Switzerland with an estimated market share of 5 percent via its Swiss business Visilab, the announcement noted. The terms of the transaction were not disclosed. McOptic was founded in 1998 and operates 62 stores, which are concentrated in the German speaking parts of the country, according to the announcement.