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Business Updates

Join Us and Register Now for "Creative Disruption: Retail & Healthcare: Upended!," VM's Virtual Leadership Summit Sessions, Oct. 20 and Oct. 27

By Staff
Thursday, September 16, 2021 12:33 AM NEW YORK—The 2021 Vision Monday Leadership Summit will culminate next month in two new dynamic virtual sessions in October, "Retail and Healthcare: Upended! Ripping Up the Rulebook." To be broadcast Oct. 20 and Oct. 27, the virtual sessions extend the 2021 VM Summit series of conversations and presentations under the theme "Creative Disruption," in exclusive two-hour programs designed to help business and professional leaders as they continue to manage through with the impact of the pandemic and the changes it has escalated in both retail and health care.

Direct-To-Consumer Brands Drive Shopping Center Boom

By Staff
Thursday, September 16, 2021 12:04 AM The mall may be dead (or being repurposed into an Amazon distribution center), but the strip center is alive and well. The reasons are many. Among them: open-air center rents have come down; customer acquisition costs online have gotten so expensive that physical stores are a better use of capital and … the lingering pandemic has made shoppers wary of large indoor venues.

Ocuco Named One of Ireland’s Best Managed Companies for 2021

By Staff
Wednesday, September 15, 2021 12:15 AM DUBLIN, Ireland—Ocuco has been named as one of Ireland’s Best Managed Companies for 2021. The company, which demonstrated superior business performance for the fourth year, was recognized at a virtual awards ceremony on September 8. The awards program is led by Deloitte Ireland, in association with Bank of Ireland. “To be included as one of Ireland’s Best Managed Companies for a fourth year running is a testament to the outstanding performance of our management team,” said Leo Mac Canna, Ocuco CEO.

44% of U.S. Small Businesses Have Less Than 3 Months' Worth of Cash, Report Finds

By Staff
Wednesday, September 15, 2021 12:04 AM I would rather pay my staff than buy a new van and I think everyone is thinking that way right now. It's rough out there for small businesses.

Biden’s Vaccine Push: What You Need to Know

By Staff
Monday, September 13, 2021 12:04 AM [President Biden] said he would expand the loan programs run by the Small Business Administration that allow small-business owners to borrow money at low interest rates in order to hire and retain workers, buy inventory or even pay down debt as the coronavirus continues to cripple business. Even as Mr. Biden heralded that the economy was now averaging 700,000 new jobs a month, he noted the recovery continues. “While America is in much better shape than it was seven months ago when I took office, we’re in the tough stretch, and it could last for a while.”

If You Never Met Your Co-Workers in Person, Did You Even Work There?

By Staff
Friday, September 10, 2021 12:04 AM Never having to be in the same conference room or cubicle as a co-worker may sound like a dream to some people. But the phenomenon of job hoppers who have not physically met their colleagues illustrates how emotional and personal attachments to jobs may be fraying. That has contributed to an easy-come, easy-go attitude toward workplaces and created uncertainty among employers over how to retain people they barely know.

Inspecs Group Reports Increased Sales in First Half 2021 Results

By Staff
Thursday, September 9, 2021 12:24 AM BATH, England—Inspecs Group, plc, (LSE: SPEC) the global eyewear and lens group based here, reported its interim financial results for the six months ended 30 June 2021.

DaTE Organizers Begin Countdown to the Sept. 11-13 Show in Florence, Italy

By Staff
Thursday, September 9, 2021 12:15 AM MILAN—Organizers for DaTE Eyewear have started their countdown for the 9th edition of the show, the international exhibition dedicated to avant-garde eyewear, which will open at the Leopolda in Florence, Italy on Saturday Sept. 11 and will continue until Monday Sept. 13, "DaTE represents an important moment for the eyewear sector: 2021 was not the year that everyone was hoping for, but we have never lost sight of the goal of our mission, to build an unmissable and original event, true fulcrum of the ferment and vivacity of avant-garde eyewear, an appointment that has grown year after year," commented Giovanni Vitaloni, president of DaTE. 

Blue Light Summit Organizers Announce September Dates for 2021 Event

By Staff
Wednesday, September 8, 2021 12:33 AM SHANGHAI, BERLIN and MINNEAPOLIS—Eyesafe, TÜV Rheinland Group (TÜV Rheinland), UnitedHealthcare and ZAGG have announced the dates for Blue Light Summit 2021, which will be held Sept. 28 in Europe and the Americas and Sept. 29 in Asia-Pacific. Due to ongoing concerns related to the COVID-19 pandemic, this year's summit will be entirely virtual. People interested in attending can register here. Blue Light Summit 2021 will bring together leaders across multiple industries, including consumer electronics, health care, and government to discuss the dramatic impact COVID-19 had on device usage, screen time and blue light exposure, sharing what each of their respective fields is doing to address this global health challenge.

Alcon Reports Second Quarter 2021 Results

By Staff
Wednesday, September 8, 2021 12:02 AM Alcon reported its financial results for the three and six months ended June 30, 2021. For the second quarter of 2021, worldwide sales were $2.1 billion, an increase of 75 percent on a reported basis and 69 percent on a constant currency basis, as compared to the same quarter of the previous year.

Versant Health’s 2020 Vision Wellness Study Looks at the Impact of COVID-19 on Eyecare and the Value of Vision Health

By Staff
Wednesday, September 1, 2021 12:21 AM BALTIMORE—The second annual Versant Health Vision Wellness Study looked at people’s perceptions of eyecare during a landmark year for the health care industry, including the value of eyecare services, interest in telemedicine and concerns about eyecare costs.

Looking Out for Our Children’s Eyesight

By Staff
Monday, August 30, 2021 2:58 PM The eyewear retailer Warby Parker made big news this week when it filed for a direct listing on the New York Stock Exchange. As part of the filing, Warby offered a detailed look at the company’s finances and said that people spending more time with screens would be good for business. “The rising usage of smartphones, tablets, computers and other devices has contributed significantly to increased vision correction needs and consistent new customer growth within the eyewear market,” the company said in the filing. Screen time over the last 18 months has indeed skyrocketed, especially for children, resulting in a concerning uptick in myopia, digital eye strain and screen addiction. Childhood myopia is increasing at a rapid rate, with 1 in 3 children now affected, and the recent shift in lifestyle as a result of COVID-19 has worsened the issue. Read More

Organizers of Silmo Paris 2021 Are Optimistic for Next Month's In-Person Show, Sept. 24-27

By Staff
Monday, August 30, 2021 12:18 AM PARIS—Organizers of Silmo Paris 2021 report that preparations are intensifying and the 2021 edition of the international rendezvous for optics and eyewear, to be held Sept. 24-27 at the Paris Nord Villepinte, is looking optimistic.

Delta Air Lines Is Hiking Health Insurance Premiums for Unvaccinated Employees By $200 a Month

By Staff
Thursday, August 26, 2021 5:04 PM Delta Air Lines will be hiking health insurance premiums for its staffers who are unvaccinated against COVID-19, effective November 1, the commercial airline giant said Wednesday. By doing so, Delta becomes the first major U.S. company to levy a penalty to encourage inoculations. Head over to Fast Company to read the full story.

New Look Vision Group Partners With Black Optical

By Staff
Thursday, August 26, 2021 8:27 AM MONTREAL, Quebec—New Look Vision Group has partnered with Black Optical. Founded in 2007 by Gary Black, the business is a leading player in the luxury optical segment of the eyewear market in the U.S. Black Optical operates three luxury optical stores located in Dallas, Tulsa and Oklahoma City. Gary Black, who, New Look noted," is well-known and respected across the optical industry as a visionary," will remain a shareholder in the company and will lead efforts to expand Black Optical’s footprint and presence in the industry, the announcement said. The details of the transaction were not disclosed.