A must read about the optical retail industry over the last 10 years.................

[Chris Ryser]

A must read about the optical retail industry over the last10 years......................


Throughout thelate 2000s, the industry struggled through the stagnant economy. Some companiesreported store closures, while others added to their total number. Forinstance, industry leader, Luxottica Retail was forced to shed someunderperforming stores in 2009. From a reported 3,009 units in 2008, Luxotticaended 2009 with 2,952 units, while National Vision acquired 64 Eyeglass Worldstores in January of 2009 bringing their total number of stores to 597 stores.
Competition surrounded thetraditional optical stores as they were forced to compete with the so-called"big-box value chains" like Wal-Mart, Costco, Sam's Club, and Targetas consumers gravitated towards cost savings during the economic meltdown. The discount optical retailers generatednearly $2.3 billion in 2009 commanding about 31 percent of industry share.


continue ------------------------> http://business.highbeam.com/industr...l-goods-stores

Discussion.........................

[tx11]

Interesting read.

[Chris Ryser]

The discount optical retailers generated nearly $2.3 billion in 2009 commanding about 31 percent of industry share.

Anybody has an idea what above $ 2.3 billion could be in 2011 or 2012 ??????????????

[AustinEyewear]

Thanks for posting. You could probably say the same thing about a lot of retail entities in the US. Hardware stores, clothing, etc. If you want to survive, you better have your game on.

I found this part interesting

"LensCrafters is North America's largest eyewear retailer. Estimated sales in 2006 were $881 million. Founded by Procter & Gamble Co. executives in 1983 as a profoundly team-driven company, LensCrafters has always been family-friendly."

makes you wonder who wrote it.....

[shannon]

I found this part interesting

"LensCrafters is North America's largest eyewear retailer. Estimated sales in 2006 were $881 million. Founded by Procter & Gamble Co. executives in 1983 as a profoundly team-driven company, LensCrafters has always been family-friendly."

makes you wonder who wrote it.....

Well of course they are family friendly...with the Lux family! Eyemed, LC, Sunglass Hut, etc.....one big happy and "friendly" family!