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Business Updates

Registration Opens for the Opticians Association of America Leadership Conference Set for Feb. 10-12, 2022 in Lake Buena Vista, Fla.

By Staff
Monday, December 6, 2021 12:27 AM LAKE BUENA VISTA, Fla.—Registration is now open for the Opticians Association of America (OAA) 2022 Leadership Conference scheduled for Feb. 10-12, 2022 at the Wyndham Lake Buena Vista Disney Springs Resort Area. Building on the theme, Dream Into Action, OAA State Leadership Conference will bring together the collective talents and expertise from opticianry leaders and partners as they gather from across the country for practical learning, timely updates and networking opportunities. For three days, attendees will learn about the latest innovations in the industry as they engage in 32 breakout sessions centered on leadership in the following areas: personal growth, leadership in the workplace, guild for the independent optician, state leadership and national impact.

Checking the Pulse on Walgreens’ Plan to Roll Out In-Store Health Clinics

By Staff
Monday, December 6, 2021 12:04 AM The pandemic highlighted and validated for us that the health care industry really needs to change, and change quickly.

Safilo With Save the Children Italia for 'Punti Luce' Program

By Staff
Monday, December 6, 2021 12:02 AM A new collaboration has started between Safilo and Save the Children, the international organization that has been fighting to save children at risk and to guarantee them a better future for more than 100 years. This new collaboration originates from Safilo’s commitment to the Save the Children Italia campaign “Rewrite the future,” an integrated project aimed at counteracting educational poverty and early school leaving in Italy.

Analysts Ask: Will the Lack of Holiday Buzz This Year Impact Overall Sales?

By Staff
Friday, December 3, 2021 1:25 PM NEW YORK—With less than three weeks until the Christmas holiday, U.S. retailers are crossing their fingers and hoping that consumers will keep spending. However, many shoppers started their holiday shopping earlier this year, which meant that the big Thanksgiving weekend shopping events—from Black Friday to Cyber Monday—weren’t as strong as stores expected.
 
Still, analysts expect retail sales will hit lofty levels in 2021, but there does seem to be a lack of holiday buzz. This is what Deborah Weinswig, founder and CEO of Coresight Research, told CNBC recently.
 
“Typically, people are like, ‘How’s your holiday shopping going? What are you getting so-and-so?,’” she noted. “I feel like some of that we don’t have this year—and I’m not sure why it is.” 
 
This was borne out in the data reported by the National Retail Federation (NRF) last week. The total number of shoppers and average spending dropped during the extended Thanksgiving weekend compared with each of the past two years, the NRF said.
 
Other holiday expectations from Coresight Research:
 
* More than one-fifth of consumers expect to spend more on food at home this holiday season, versus less than one in 10 who expect to spend less. This represents the greatest net positive difference—plus 12 percent—among all categories tracked by Coresight Research’s recent survey.

Mido 2022 Organizers Reconfirm the Exhibition Is Set to Open its Doors Feb. 12 to 14 in Milan

By Staff
Friday, December 3, 2021 12:21 AM MILAN—Mido 2022 organizers have issued a reconfirmation that the major international optics fair is set to open its doors Feb. 12 to 14 at Fiera Milano Rho here, as scheduled.

20/20 Europe: Cutler and Gross—Accelerated Change

By Staff
Thursday, December 2, 2021 1:58 PM In an exclusive interview for 20/20 Europe, Fiona Reynard, managing director, Cutler and Gross explained the fast evolution of the British company, and its new investments in production in Italy, diversification and product strategies, designed—in the light of the pandemic and a new climate of business—to promote long-term success. Read More

American Express’ 12th Annual Small Business Saturday Reaches an All-Time High With an Estimated $23.3 Billion in U.S. Consumer Reported Spending

By Staff
Thursday, December 2, 2021 12:04 AM Small Business Saturday is a way for us to engage with our community and show people why it's important for us to have each other's backs. We’re here because we want to create jobs in our community, not just to sell items, because creating local employment is as important as having special places to shop and gather together.

Shortages Lead Shoppers to Pivot Their Purchasing

By Staff
Wednesday, December 1, 2021 2:41 PM As product availability remains strained this holiday season, consumers are taking a flexible approach to shopping. According to a recent feature from eMarketer, between August and October, the majority of U.S. shoppers either switched brands or products (39 percent) or switched retailers (32 percent) when their item of choice was unavailable. Meanwhile, 13 percent waited for the item to come back in stock, and 16 percent simply opted to do without.

Opti 2022 Postponed From January to May

By Staff
Tuesday, November 30, 2021 12:21 AM MUNICH—Opti 2022, which was scheduled for January 14-16, 2022 at the Fairground Munich, has been rescheduled to May 13-15, 2022 in Munich.

Jonas Philanthropies Announces $1.25 Million Gift to Columbia University Department of Ophthalmology for Program to Treat Children With Severe Vision Disorders

By Staff
Tuesday, November 30, 2021 12:15 AM NEW YORK—Jonas Philanthropies announced a five-year gift renewal of $1.25 million to the Columbia University Department of Ophthalmology to continue their support of the successful Jonas Children’s Vision Care (JCVC) program.

Eyewear Becomes Ever More Digital

By Staff
Monday, November 29, 2021 12:02 AM The process of industrial transformation is nowadays moving towards digitalization. The pandemic has sped up this trend. The race towards digitalization in the eyewear industry has included a series of structural changes in companies (as in other industries) but has also brought innovation in terms of products.

Ocuco and Healthy Eyes Advantage (HEA) to Offer Customized E-Commerce Solutions to IECPs

By Staff
Wednesday, November 24, 2021 12:21 AM LARGO, Fla.—Ocuco and Healthy Eyes Advantage (HEA) have formed a partnership to provide independent eyecare professionals (IECPs) with tailored e-commerce solutions. The collaboration provides exclusive preferred pricing on Ocuco’s e-commerce solutions to the 10,000-plus HEA members across the U.S., the companies said in a statement. “Ocuco is delighted to team up with HEA to provide their members with a best-in-class e-commerce solution that enables their members to serve their patients online 24/7, empowering independent eyecare professionals to maintain market share and diversify their business while also protecting themselves from pure-play e-commerce providers,” remarked Dermot Walsh, Ocuco’s chief revenue officer.

Gartner Says Global Smartphone Sales Declined 6.8 Percent in Third Quarter of 2021

By Staff
Tuesday, November 23, 2021 11:56 AM Global smartphone sales to end-users declined 6.8 percent in the third quarter of 2021, compared to the same time period in 2020, according to Gartner, Inc. Component shortages disrupted production schedules, leading to lower inventory and delayed product availability, which eventually impacted sales to end-users.

“Despite strong consumer demand, smartphone sales declined due to delayed product launches, longer delivery schedule and insufficient inventory at the channel,” said Anshul Gupta, senior research director at Gartner.

EssilorLuxottica’s Q3 2021 Revenue

By Staff
Thursday, November 18, 2021 12:02 AM EssilorLuxottica announced that consolidated revenue including GrandVision totaled €14.241 billion in the first nine months of the year. On a comparable basis, consolidated revenue amounted to €5.465 billion in the third quarter and €15.918 billion in the nine months, +9.3 percent and +6.2 percent respectively at constant exchange rates versus the same periods of 2019.

Thanksgiving Weekend to See More Holiday Shoppers Than Last Year and Consumers Already Have a Head Start

By Staff
Wednesday, November 17, 2021 3:41 PM WASHINGTON—Nearly 2 million more people than last year are expected to shop from Thanksgiving Day through Cyber Monday this year even as consumers have continued the trend of starting their holiday shopping earlier in the year, according to the annual survey released yesterday by the National Retail Federation and Prosper Insights & Analytics.

Fully two-thirds (66 percent) of holiday shoppers surveyed in early November plan to shop Thanksgiving weekend this year. That amounts to an estimated 158.3 million people, up from 156.6 million last year but still below the 165.3 million in pre-pandemic 2019. 

The survey found 30.6 million plan to shop either in-store or online on Thanksgiving Day, 108 million on Black Friday, 58.1 million on Small Business Saturday, 31.2 million on Sunday and 62.8 million on Cyber Monday. (The total of the daily numbers exceeds the overall figure because some consumers will shop multiple days.)

“We’re expecting another record-breaking holiday season this year and Thanksgiving weekend will play a major role as it always has,” NRF president and CEO Matthew Shay said. “Nonetheless, consumers are starting earlier than ever to be sure they can get what they want, when they want it, at a price they want to pay."