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Thread: Clearly is in a position to make peace because it won .................

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    Blue Jumper Clearly is in a position to make peace because it won .................




    TECHNOLOGY

    ClearlyContacts.ca rebrands as it moves into eyeglass market
    SHANE DINGMAN
    TECHNOLOGY REPORTER — The Globe and Mail (includes correction)
    Published Wednesday, May 13, 2015 3:00AM EDT
    Last updated Wednesday, May 13, 2015 12:04PM EDT





    In many ways, Clearly is in a position to make peace because it won: The company has 30 per cent of corrective-lens sales in North America, it won a more recent legal challenge in Quebec, and it’s now focused on taking market share from some of the world’s largest eye wear retailers in North America, Japan and Europe.

    Interesting article I found, that was published 1 month ago in the Globe and Mail. Following is the link to it and you can make your own judgement.

    see at ========> http://www.theglobeandmail.com/repor...rticle24405620
    Last edited by Chris Ryser; 06-18-2015 at 02:20 PM.

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    "In many ways, Clearly is in a position to make peace because it won: The company has 30 per cent of corrective-lens sales in North America, "

    This is the most absurd thing I've heard today. Total nonsense, and if this is any indication of the quality of journalism at the globe and mail, I say the National Inquirer is a more serious outfit. At most the total sales of clearly when it sold to essilor, for glasses and contacts, was 200 million. How is this 30% of anything???
    Even NewLook, a mainly Quebec based chain, has sales of close to 200 million, so does this mean they also have nearly 30% of the NORTH AMERICAN MARKET???

    Please, these claims are such total bs, and a complete waste of time.
    Last edited by optimensch; 06-18-2015 at 06:47 PM.

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    Redhot Jumper Please, these claims are such total bs, ..........................

    Quote Originally Posted by optimensch View Post

    Please, these claims are such total bs, and a complete waste of time.

    How much of the total advertising in this world is BS ?

    Also how much of just invented information is passed on to the readers of a publication as news, is depending on the advertising budget you have with a certain publisher.

    Clearly-Coastal has shown big time expenses for advertising over the last 7 years and since they got sold to Essilor, the advertising has not seemed to be reduced or cut down on a world wide basis.

    All that counts is getting the message out to the public who has no idea how this particular power play is working.

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    Quote Originally Posted by Chris Ryser View Post
    How much of the total advertising in this world is BS ?

    Also how much of just invented information is passed on to the readers of a publication as news, is depending on the advertising budget you have with a certain publisher.

    Clearly-Coastal has shown big time expenses for advertising over the last 7 years and since they got sold to Essilor, the advertising has not seemed to be reduced or cut down on a world wide basis.

    All that counts is getting the message out to the public who has no idea how this particular power play is working.
    People and companies always stretch the truth to make themselves appear more dominant. It's near impossible to validate an exact figure. The Canadian wholesale optical lens market is approximately worth $200 Million, to which Essilor has $165M of it.

    Coastal was worth zero on their P&L's bottom line, however the lens market share value to Essilor was worth a substantial amount, hence why they paid $435M for a company with some assets that never once made any profit, not even for it's shareholders prior to the acquisition.

    The dividend payout came when it sold - Roger Hardy and the shareholders of CC cashed in big time. This was always the plan from the beginning - build it all costs then flip it at the right time. I saw that coming for years, yet most said I was crazy.

    And now Mr. Hardy starts up a new venture capital investment company and his bio boasts about how he started Coastal with nothing and sold it to Essilor a few years later for $453M. He did the same thing with a shoe company. So the question is, would you invest into a company under Mr. Hardy? Although the methodology seems pretty shady, strategically he has played his cards perfectly over the years and has eventually paid large dividends, while we all continue to gripe about it.

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    Clearly Coastal or whatever they're called today, is a retailer of contact lenses and eyeglasses. In the USA the market for eyeglasses/lenses/contact lenses (retai sales) is about 23$ BILLION USD. Let's just assume Canada is about 10% the size, so combined 25.5 billion$.

    If cclearly still does about $200 million (CANADIAN $), that's less than 1% of the market, and zero profit, just losses.

    Now a even a 1% market share is still an impressive feat but the article cited above is just a big lie.

    And the article is about Clearly, not Essilor as a whole.

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    Quote Originally Posted by optimensch View Post
    Clearly Coastal or whatever they're called today, is a retailer of contact lenses and eyeglasses. In the USA the market for eyeglasses/lenses/contact lenses (retai sales) is about 23$ BILLION USD. Let's just assume Canada is about 10% the size, so combined 25.5 billion$.

    If cclearly still does about $200 million (CANADIAN $), that's less than 1% of the market, and zero profit, just losses.

    Now a even a 1% market share is still an impressive feat but the article cited above is just a big lie.

    And the article is about Clearly, not Essilor as a whole.
    The canadian market for eyewear and contacts is nowhere near that amount. If it was, we would all be riding around on our yachts like mr hakim.

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    Maybe they meant to say "30% of the online market"?

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    Quote Originally Posted by Lab Insight View Post
    The canadian market for eyewear and contacts is nowhere near that amount. If it was, we would all be riding around on our yachts like mr hakim.

    The canadian market is around 2.5 billion, like the post said. New Look alone is 150 millions, do you think they have more then 6% of all canadian market ?

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    estimate of US online contact lens sales - USD 700 million. Lets say Canada adds 10% so total 770 Million USD
    estimate of US online glasses sales 600 million USD, again add 10% for Canada - 660 Million USD.

    So total online eyewear/cl in North America is 1.43 billion USD.
    Clearly was doing about 200 million Canadian last year before selling.

    This is still not even close to 30%. closer to 10%, still impressive, but not what the article is saying.

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    when you combine both glasses and contact lens sales, you get to about 7.5% of total retail sales being done online, most of which is contacts. This compares quite well with total online retail sales (all categories) at about 7% of total. There is nothing special really about eyewear in the context of online, but way more is contact lenses (which makes sense) and just 3% is eyeglasses.

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    Quote Originally Posted by optimensch View Post
    estimate of US online contact lens sales - USD 700 million. Lets say Canada adds 10% so total 770 Million USD
    estimate of US online glasses sales 600 million USD, again add 10% for Canada - 660 Million USD.

    So total online eyewear/cl in North America is 1.43 billion USD.
    Clearly was doing about 200 million Canadian last year before selling.

    This is still not even close to 30%. closer to 10%, still impressive, but not what the article is saying.
    There's a sucker born every minute with money to invest in inflated ventures.

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    The Online Optical Industry is on a Fast Trac

    Global online optical retail* (in € billions)

    As a percentage of the total optical retail industry


    see all of it: http://www.essilor.com/en/Investors/...y_25062014.pdf

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    Quote Originally Posted by Chris Ryser View Post
    The Online Optical Industry is on a Fast Trac

    Global online optical retail* (in € billions)

    As a percentage of the total optical retail industry


    see all of it: http://www.essilor.com/en/Investors/...y_25062014.pdf
    Definitely out of the closet on their plans to stomp out ECP's along the way.

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