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The National Average for Gross Revenue at ECP Locations Decreased for the Week of May 9-15, Jobson’s Latest Practice Performance Tracker Shows

By Staff
Wednesday, May 18, 2022 12:27 AM NEW YORK—The national average for gross revenue at ECP locations decreased last week, May 9-15, at a rate of -2 index points. That places gross revenue at a level 7 index points above where it was at this point in time (week 20) when compared with last year and 12 points above 2019. Gross revenue during Week 20 of 2020 was 42 index points below Week 20 of this year at a level of 68 index points, as it continued to gradually emerge from the pandemic-related low of 14 index points it had reached during Week 15 of 2020, according to Jobson’s most recent Practice Performance Tracker.

Are You a Top 50 U.S. Retailer? Submissions Still Being Accepted for VM's Annual Top 50 U.S. Optical Retailers Report

By Staff
Wednesday, May 18, 2022 12:18 AM NEW YORK—Vision Monday will be publishing its signature Annual Top 50 U.S. Optical Retailers Report in its upcoming June print/digital edition. A link to the survey is posted here.

What Your Younger Employees Are Really Thinking

By Staff
Wednesday, May 18, 2022 12:04 AM I do not do social media with people that I work with. You don’t need to see what my mom ate for breakfast. And then I go into the office, and you’re like, your mom’s omelet looked delicious. No.

What's Going On With Crypto?

By Staff
Tuesday, May 17, 2022 11:35 AM You may have heard recently that Bitcoin and other cryptocurrencies are dropping in value pretty dramatically. Head over to NPR for a look at what's going on, why it's happening and what it could mean for the future of cryptocurrency.

Warby Parker Reports 10 Percent Increase in Q1 Sales as ‘Active’ Customer Count Climbs 18 Percent, But Net Loss Also Widens

By Staff
Tuesday, May 17, 2022 12:27 AM NEW YORK—Against a backdrop of disruption due to the Omicron variant that was first felt in the last weeks of December and continuing through the first quarter, Warby Parker Inc. (NYSE: WRBY) on Monday reported that its Q1 revenue rose 10.3 percent to $153.2 million as both active customer count and average revenue per customer increased also in the quarter ended March 31. However, the retailer's net loss totaled $34.1 million in the quarter, primarily as a result of an increase in SG&A (selling, general and administrative) expenses, according to its announcement.

Carl Zeiss Meditec Reports Growth in First Half of 2021/22, Despite Strained Supply Chain

By Staff
Monday, May 16, 2022 12:24 AM JENA, Germany—Carl Zeiss Meditec generated revenue of €855.4 million in the first six months of the fiscal year ending March 31, 2022 versus €767.4 million the prior year, an 11.5 percent increase compared with the same period of the prior year (+10.7 percent adjusted for currency effects).

20/20 Magazine: Be a Good Sport

By Staff
Friday, May 13, 2022 5:02 PM Every independent retailer can be a good sport and an advocate for sport eyewear. 20/20 presents our annual Sport Eyewear MarketPulse Survey. Eighty-five percent of independent optical locations dispensing eyeglasses report dispensing some type of sport or protective eyewear, including ski and swim goggles. This is a decline from 93 percent in 2021—perhaps focus shifted during the pandemic to other specialty eyewear. However, for those 85 percent selling sport eyewear, it still makes up 10 percent of their revenues. Read on for more data on this category, and continue to recommend sport eyewear for your patients’ active and athleisure needs. Read More

Kits Reports Slight Sales Decline in First Quarter Total Revenue and Notes Large Growth in Eyeglasses Revenue

By Staff
Friday, May 13, 2022 12:24 AM VANCOUVER, Canada—Kits Eyecare Ltd. (TSX: KITS / OTCQX: KTYCF), a direct-to-consumer glasses manufacturer and digital eyecare provider, reported this week that its revenue in the first quarter dipped roughly 2 percent to $20.1 million.

Not All Recessions Are the Same. Here's What Could Happen to the Economy and Markets

By Staff
Friday, May 13, 2022 12:04 AM When you look at job openings relative to the number of unemployed individuals we're certainly in uncharted territory here. I've never really seen it like this in my lifetime.

As Cost of Living Rises, Many Around the Globe Worry About Their Financial Future

By Staff
Thursday, May 12, 2022 3:16 PM With the cost of living rising dramatically around the world in 2022, many households are starting to look nervously at their bank balance. After two years of a pandemic which proved particularly bruising for those working in certain industries, rising inflation is now adding insult to injury. 

Of the countries surveyed by Statista for the Global Consumer Survey, Russia stood out the most. There, with extensive international sanctions hitting the economy hard due to the invasion of Ukraine, a majority of 52 percent of the adults surveyed said they are worried about their financial future.

As the Statista infographic shows, South Africa, Brazil and Spain weren't too far behind, registering results in the mid-forties. Roughly a third of adults responding in the U.S., India, Germany and the United Kingdom professed to having concerns about their financial situation going forward. 

As much as Russia stands out at the top of the scale, China is conspicuous in its almost-absence from the ranking—there, just 16 percent said they are currently worried. Click here to read the full story.

Review of Ophthalmology: Vision Loss Study Breaks Down National Cost Burden

By Staff
Thursday, May 12, 2022 12:08 PM Vision loss and blindness pose a significant economic burden on the United States. Public health researchers at the National Opinion Research Center (NORC) at the University of Chicago confirmed the substantial economic hardship in a recently published cost estimate for the year 2017 and indicated that vision-loss resource allocation will likely differ by state due to the varied composition of per-person costs. Study participants included those who answered “yes” to the question, Are you blind or do you have serious difficulty seeing even with glasses? “Based on that, we estimated that the total burden was $134.2 billion,” said David B. Rein, PhD, a program area director overseeing public health analytics at NORC’s Public Health department. Read More

The National Average for Gross Revenue at ECP Locations Increased for the Week of May 2-8, Jobson’s Latest Practice Performance Tracker Shows

By Staff
Thursday, May 12, 2022 12:27 AM NEW YORK—The national average for gross revenue at ECP locations increased last week, May 2-8, at a rate of 3 index points. That places gross revenue at a level 7 index points above where it was at this point in time (Week 19) when compared with last year and 13 points above 2019. Gross revenue during Week 19 of 2020 was 62 index points below Week 19 of this year at a level of 50 index points, gradually emerging from the pandemic-related low of 14 index points it had reached during Week 15 of 2020, according to Jobson’s most recent Practice Performance Tracker.

Alcon Reports Double-Digit Sales Growth in Vision Care, Surgical in First Quarter

By Staff
Thursday, May 12, 2022 12:24 AM GENEVA—Calling its performance “a strong start to the year,” Alcon (SIX/NYSE:ALC) reported that worldwide sales increased 14 percent on a reported basis to $2.2 billion in its first quarter ended March 31.

Hoya’s Reports Solid Growth for 4Q Fiscal Year 2022 and Full-Year

By Staff
Thursday, May 12, 2022 12:15 AM TOKYO—Hoya Group reported on May 6 that sales for the fourth quarter of the consolidated fiscal year ending March 31, 2022 amounted to 169,594 million yen, an increase of 12.0 percent from the same period of the previous fiscal year. Total revenue was 173,844 million yen, up 13.5 percent from year-ago. Hoya’s quarterly profit, before tax, amounted to 53,777 million yen, up 30.2 percent. After-tax quarterly profit amounted to 40,147 million yen, also a 30.2 percent increase. The quarterly profit margin before tax was 31.7 percent, representing a year-on-year increase of 4.4 points, the company said.

Here's What the White House's Grim Coronavirus Warning Means for You

By Staff
Thursday, May 12, 2022 12:04 AM Because this virus is much more manageable … people are much more complacent. I understand that; we are going onto year three. People want to go back to enjoying the life they knew before this pandemic. At the same time, it's important that people realize we are still in a pandemic. … That is the reality. And it's not just shaped by what's happening here in the U.S. It's shaped by what’s happening around the world.