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Business Updates

U.S. Retail Sales Post Surprise Monthly Drop to Cap Dismal Year

By Staff
Friday, January 15, 2021 10:15 AM The December retail results were an absolute disaster. Clearly, consumer spending slowed down sharply in November and December as the virus gained ground and forced closures of stores and restaurants in many key states.

Jobs Recovery Goes Into Reverse as Pandemic Takes a New Toll

By Staff
Wednesday, January 13, 2021 10:12 AM There are a lot of rich people who’ve saved a lot of money and really want to spend it. Is that going to be enough to make up for all the business that has been lost? No, but it’s going to look like a faster recovery.

De Rigo Closes the Year 2020 and Sets New Goals for the Year Ahead

By Staff
Wednesday, January 13, 2021 10:06 AM Having closed 2019 with a turnover of €446 million, De Rigo has risen to the challenge of managing the difficulties of 2020, reacting quickly to sudden changes in the market and dynamically to an ever evolving scenario.

Amid COVID-19, Access to Essential Medical Eye Care Services for VSP Members Extended Through June 2021

By Staff
Wednesday, January 13, 2021 12:21 AM RANCHO CORDOVA, Calif.—As part of its ongoing response to serve member needs during the pandemic, VSP Global announced it will extend access to essential medical eye care services for VSP Vision Care insured members and their covered dependents through June 30, 2021.

Corporate Social Responsibility in Optical: VM Takes a Closer Look in December Feature, ‘Making a Difference Matters’

By Staff
Monday, January 4, 2021 12:24 AM NEW YORK—The concept of Corporate Social Responsibility, or CSR, has been a part of the business landscape for quite some time. But like any good social purpose movement, CSR continues to grow, evolve and, at times, even reinvent itself as current events and societal changes take hold. The term CSR is all about businesses and, in turn, employees, being good “corporate citizens.” Supporting a common social good allows companies to contribute to their community, locally or elsewhere in the world, connect with customers, establish positive employee participation, and ultimately expand awareness of their brand.

VM Delves Into Corporate Social Responsibility With Its December Feature, ‘Making a Difference Matters’

By Staff
Tuesday, December 29, 2020 12:24 AM NEW YORK—Corporate Social Responsibility, also known as CSR, has been a part of our business landscape for quite some time now. But like any good social purpose movement, CSR continues to grow, change and at times, even reinvent itself as current events and societal changes take hold. The term CSR is all about businesses and, in turn, employees, being good “corporate citizens.” Supporting a common social good allows companies to contribute to their community, locally or elsewhere in the world, connect with customers, establish positive employee participation, and ultimately expand awareness of their brand.

2020 On-site Mobile Clinic Receives Certifications for Excellent Air Quality and COVID-19 Protocols

By Staff
Monday, December 21, 2020 12:25 AM BOSTON—2020 On-site, a Boston-based provider of mobile vision care services for more than 350 corporate clients and thousands of patients, is the first mobile clinic in the industry to receive certifications from Emmes Optym and STERIS for excellent air quality, COVID-19 protocols and professional standards.

New Contact Lens Update Provides Global View of ECPs’ Response During Pandemic

By Staff
Monday, December 21, 2020 12:10 AM WATERLOO, Ontario—The Centre for Ocular Research & Education (CORE) has published issue number 57 of its free online education magazine, Contact Lens Update.

Broad Portfolio and Diversification Helps Zeiss Blunt Pandemic’s Impact on FY 2019/20 Revenue

By Staff
Friday, December 18, 2020 12:30 AM OBERKOCHEN, Germany—The Zeiss Group reported solid financial results for the fiscal year 2019/20 ending Sept. 30, 2020, despite the impact of the COVID-19 pandemic. Revenue totaled €6.297 billion versus €6.428 billion in the prior year. With a slight decline of 2 percent due to the COVID-19 pandemic, revenue almost reached last year's level. Around 90 percent of revenue was generated in markets outside Germany. Earnings before interest and taxes (EBIT) were also relatively high, reaching €922 million versus prior €1.063 billion a year ago.

Pandemic’s Impact Drives Down Carl Zeiss Meditec FY 2019-2020 Revenue

By Staff
Monday, December 14, 2020 12:33 AM JENA, Germany—Carl Zeiss Meditec generated revenue of €1,335.5 million in fiscal year 2019/20 (prior year: €1,459.3 million), a decline of 8.5 percent (adjusted for currency effects: 8.7 percent) year on year. Earnings before interest and taxes (EBIT) decreased to €177.6 million (prior year: €264.7 million). The EBIT margin was 13.3 percent (prior year: 18.1 percent). “Fiscal year 2019/20 was entirely dominated by the COVID-19 pandemic,” said Dr. Ludwin Monz, president and CEO of Carl Zeiss Meditec AG.

In a Challenging Year, Pearle Vision Reports ‘Strong Growth and Interest’

By Staff
Friday, December 11, 2020 12:18 AM MASON, Ohio—Pearle Vision said this week that, even as the world grappled with an unprecedented health and economic crisis, the eyecare franchising company, a division of Luxottica Retail N.A., “remained steadfastly focused on growth in 2020.”

The Vision Council Announces Additional Agenda Details and Lineup of Keynote Speakers for 2021 Executive Summit

By Staff
Wednesday, December 9, 2020 12:12 AM ALEXANDRIA, Va.—The Vision Council announced additional details about the 2021 Executive Summit, taking place for the first time in a completely virtual format from January 26-28, 2021 under the banner of “An OPTImistic View of the Future.”

The Vaccines Are Out

By Staff
Tuesday, December 8, 2020 11:34 AM 90-year-old Margaret Keenan, who goes by Maggie, is officially the first person to receive a COVID-19 vaccine outside of trials. Maggie lives in Coventry, England, and got the shot at 6:31 A.M. U.K. time yesterday morning. Head over to the NHS website to learn more about the first round of vaccine recipients, what the process was like, and what they have to say. 

California ODs Seek Authorization to Give Patients COVID Vaccines

By Staff
Monday, December 7, 2020 12:33 AM SACRAMENTO, Calif.—As California battles its latest coronavirus surge, the California Optometric Association (COA) is asking state officials to allow optometrists to administer COVID-19 vaccines to their patients when the vaccines become available. Kristine Shultz, interim executive director of the COA, told VMAIL that the organization is seeking a waiver from the California Department of Consumer Affairs that would let California ODs join other healthcare professionals who are permitted under state law to give COVID vaccinations.

Survey Finds Most Consumers Avoid Indoor and Open-Air Shopping Venues

By Staff
Friday, December 4, 2020 3:42 PM NEW YORK—A recent Coresight Research survey of U.S. consumers that focused on shopping behaviors found that fewer consumers have visited shopping centers recently, even as the nation moves deeply into the holiday season. Only 14 percent of respondents said they had visited an open-air shopping center and only 12 percent had gone to an enclosed shopping center in the past two weeks. Both response rates were down by around five percentage points from the proportions the firm found in a similar survey earlier in November.

The most recent survey, with findings reported here, was conducted Nov. 24.

The research firm also noted that the findings align with the declining trend in consumers’ visits to shopping centers. The avoidance rate in shopping centers and malls remain high at 57 percent. These locations continued to be the most-avoided public places, the research firm said.

By age group, visits to both types of shopping centers peaked among respondents ages 45–60 this week. “Despite the overall downward trend, this age group still saw an uptick of almost five percentage points in the proportion that had gone to an enclosed shopping center,” Coresight Research noted.