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Business Updates

The Vision Council Announces Dates for the 2021 Virtual Executive Summit: January 26-28, 2021

By Staff
Tuesday, October 20, 2020 12:30 AM ALEXANDRIA, Va.—The Vision Council today announced that the 2021 Executive Summit will take place from January 26-28, 2021. Presented under the banner of “An OPTImistic View of the Future,” the 2021 Executive Summit will be conducted in an all-new, virtual format designed to accommodate the needs of attendees from around the globe. “While we would typically be looking forward to gathering in person for this important annual event, The Vision Council is committed to offering the same unparalleled opportunities for meaningful networking and leadership development to the leaders of our community,” said Ashley Mills, CEO of The Vision Council. 

VM's News Quiz for the Week of Oct. 11: Mido Moves on to 2021, Health Care Cancellations and a New 'Hire'

By Staff
Monday, October 19, 2020 10:00 AM Did you follow the optical news last week? Take VM’s News Quiz to see how much you know. Last week's quiz takes a look at Mido's Plans for 2021, a new "hire" at The Eyeglass Lass and healthcare cancellations due to COVID. Click here to take the quiz for the week of October 11th. VM's News Quiz is published every Saturday as part of VMAIL Weekend. Read More

What We Know So Far About Masks and Coronavirus

By Staff
Monday, October 12, 2020 6:20 PM

VM’s Summit Examines Seismic Changes in Optical Landscape Due to Pandemic

By Mary Kane and Mark Tosh
Monday, October 5, 2020 12:45 AM For the first time since its inception 14 years ago, Vision Monday held the opening session of its Global Leadership Summit on a virtual platform due to the pandemic. So it was only fitting that the theme of the four-part, month-long Summit, titled "AFTERSHOCKS: Remaking Healthcare's Future, Vision Beyond 2020," took “attendees” on a quest for answers to the many business challenges and urgent questions facing ECPs and vision care decision makers in light of the virus. If the first session was any indication, Vision Monday more than delivered on its promise to serve up a thought-provoking program and bring together a wide range of noted experts to address big trends and practical tactics in the face of COVID-19. Here is a top-line look at some of the messages.

Safilo Group Issues COVID-19 Pandemic Business Update, Forecasts Return to Profit in Third Fiscal Quarter

By Staff
Friday, October 2, 2020 12:33 AM PADUA Italy—Safilo Group (Reuters SFLG.MI) issued a statement yesterday about the results of its third financial quarter and said "based on the business rebound recorded in July, its performance in August and preliminary data for the month of September, the Group’s management expects total net sales (including acquisitions) for the third quarter 2020 to grow mid-single digit at constant exchange rates compared to the same quarter of the previous year. The positive trend in total sales also supports the forecast for the quarter to return to a profit at the adjusted EBITDA level."

Organizers of Vision Expo Announce New Dates for Vision Expo East 2021: May 25 – 28, 2021 at the Javits Center in NYC

By Staff
Thursday, October 1, 2020 9:13 AM ALEXANDRIA, Va.—The Vision Council and Reed Exhibitions, organizers of Vision Expo, today have announced that Vision Expo East 2021, originally scheduled to take place from March 18-21, will now take place May 25-28, 2021 (Education: May 25-28; Exhibition: May 26-28) at the Javits Center in New York City. The date change reflects a proactive decision by the show’s organizers "in the interest of providing more time for companies to effectively plan their participation during this challenging period for the optical marketplace," the announcement said.

DaTE Proves Restart Is Possible

By Staff
Friday, September 25, 2020 12:25 AM The 8th edition of DaTE, the showcase event for eyewear of the future, closed on September 21 in Florence. 1,000 pre-registered professionals and select buyers visited the show, meeting organizers’ expectations and confirming the importance of in-person events.

VSP Global’s COVID-19 Patient Care Grant Program to Help Offset Pandemic Expenses Is Now Available to ECPs

By Staff
Thursday, September 24, 2020 12:27 AM RANCHO CORDOVA, Calif.—VSP network doctors can now apply for the recently announced VSP Global COVID-19 Patient Care Program, which offers grants to help practices offset expenses and financial hardships due to the pandemic.

Fading Fiscal Stimulus Restraining U.S. Consumer Spending

By Staff
Thursday, September 17, 2020 12:51 PM Consumers are being increasingly cautious with their spending. If Congress is unable to extend fiscal aid to households in the coming weeks, the economy will be particularly susceptible to a cutback in consumer spending, especially from the lowest-income families.

Jobson Tracker: National ECP Revenues and Category Indexes Decline Nationwide

By Staff
Wednesday, September 16, 2020 12:33 AM NEW YORK—For the third week in a row, optical sales experienced a decline on the national level. This past week’s substantial decreases in optical sales can be attributed to the Labor Day holiday, which was the first day of the most recent week for which metrics were tracked (Sept. 7-Sept. 13). All service/product categories were down by index points in the mid-teens.

'Leadership Lessons From Healthcare's Front Lines: What's Next for Payors, Providers...and Vision Care?' Learn More at the VM Global Leadership Summit

By Staff
Monday, September 14, 2020 12:27 AM NEW YORK—The upcoming Vision Monday Global Leadership Summit will examine the big themes and urgent questions facing ECPs and vision care decision makers in light of the pandemic which has created new challenges on so many levels. Titled "AFTERSHOCKS: Remaking Healthcare's Future, Vision Beyond 2020," the VM Global Leadership Summit will comprise four two-hour sessions to be held over four consecutive weeks, starting Sept. 30, Oct. 7, Oct. 14 and Oct. 21, from 3:00 p.m. to 5:00 p.m. each day. This very special event will bring together a wide range of noted healthcare professional and executive leaders as well as accomplished vision care leaders and professionals to address big trends and practical tactics.

Stepping Up the Patient Experience: How Are New Technologies & Tactics Taking Hold? Learn More at VM's Virtual Global Leadership Summit

By Staff
Friday, September 11, 2020 12:30 AM NEW YORK—As the pandemic progressed this year, via shutdowns, quarantines and gradual reopenings, digital technology and the tactics for adapting them revved higher. A special session at the upcoming Vision Monday Global Leadership Summit Virtual Series will examine this with perspectives from leaders in healthcare, technology and vision care. "Stepping Up The Patient Experience—How New Technologies & Tactics Will Transform Engagement:" is part of the four-part series and will be held for registered attendees on Wednesday, Oct. 21 from 3:00 p.m. ET to 5:00 p.m. ET.

Hilco Vision Shares New Presentation Trays

By Staff
Friday, September 11, 2020 12:03 AM

Optical’s Recovery Slows, According to New Jobson COVID-19 Performance Tracker

By Staff
Thursday, September 10, 2020 12:30 AM NEW YORK—The ongoing recovery in the optical and eyecare segments hit a bump in the road last week as optical sales fell throughout the country, according to the latest Jobson COVID-19 Performance Tracker for the week ending Sept. 6. The dip comes as coronavirus cases and hotspots crop up across the nation, with COVID-19 cases rising in 30 states over the past week (according to the CDC COVID Data Tracker ). While the specific service/product categories gross revenue, frame units and lens pairs all dropped by 2 index points last week, exams refractions were down 3 index points.

Vision Care and Healthcare Leaders Join Roster for AFTERSHOCKS, VM Global Leadership Summit Virtual Series

By Staff
Thursday, September 3, 2020 12:30 AM NEW YORK—Leaders from vision care companies and the healthcare field have joined the roster of those taking part in the the Vision Monday Global Leadership Summit, a virtual event series that will examine how the COVID-19 pandemic is reshaping business, culture, consumer attitudes and many aspects of the healthcare field, vision care included. Registration is open now for this very special event which will examine the big themes and urgent questions facing ECPs and vision care decision makers in light of the pandemic.