Results 1 to 5 of 5

Thread: In today's news ............................................

  1. #1
    Manuf. Lens Surface Treatments
    Join Date
    Aug 2002
    Location
    in Naples FL for the Winter months
    Occupation
    Other Optical Manufacturer or Vendor
    Posts
    23,241

    Redhot Jumper In today's news ............................................

    In the news today ...................................


    Glasses are often a rip-off.

    Glasses can have a markup of 1,000%. Two former LensCrafters executives revealed why.
    By Chavie Lieber@ChavieLieberChavie.Lieber@Vox.com Mar 6, 2019, 4:10pm EST


    For many, they’re a basic necessity, but eyeglasses are expensive.
    Designer frames can cost upward of $400, while standard glasses from a company like Pearle Vision can start at around $80. In recent years, the eyewear startup Warby Parker has stepped into the picture, providing an affordable, attractive solution for shoppers, but glasses from Warby Parker still start at $95.
    These prices, it turns out, are marked up. Way up.

    This week, the Los Angeles Times spoke with two former executives of LensCrafters: Charles Dahan and E. Dean Butler, who founded LensCrafters in 1983. Both admitted that today, glasses are marked up nearly 1,000 percent.
    “You can get amazingly good frames, with a Warby Parker level of quality, for $4 to $8,” said Butler. “For $15, you can get designer-quality frames, like what you’d get from Prada.”

    Butler added that shoppers could get “absolutely first-quality lenses for $1.25 apiece.” When hearing that some glasses sell for $800 in the US, he laughed. “I know. It’s ridiculous. It’s a complete rip-off.”

    Butler and Dahan confirmed what shoppers have already suspected: There’s price gouging in the optical industry. The main culprit? The eyewear giant EssilorLuxottica, which essentially controls the industry.

    Luxottica is an Italian glasses company that was founded in 1961. Its most popular brands are Oakley and Ray-Ban, but over the years it’s gone through a spree of acquisitions, buying Sunglass Hut, Pearle Vision, and Cole National, which owns both Target and Sears Optical. Luxottica also owns the licensing on designer eyewear from Prada, Chanel, Coach, Versace, Michael Kors, Tory Burch, and more. If you buy glasses from a retail store in the US, the odds are pretty high that they were made by Luxottica.

    Continue;
    https://www.vox.com/the-goods/2019/3...ilor-luxottica
    Chris Ryser
    ________________________________________
    DLO. NA.IC.I.T.PO

    http://optochemicals.com............................. http://arcoatings.com

  2. #2
    OptiBoard Professional
    Join Date
    Oct 2015
    Location
    Idaho
    Occupation
    Dispensing Optician
    Posts
    100
    I wonder what E. Dean Butler would consider "first-quality lenses for $1.25 apiece". I must be getting the wrong lens then. Maybe he could hook me up with his supplier. lol

  3. #3
    What's up? drk's Avatar
    Join Date
    Mar 2004
    Location
    Ohio
    Occupation
    Optometrist
    Posts
    7,595
    Butler should know a rip-off when he sees it.

  4. #4
    Master Jedi King of the Lab's Avatar
    Join Date
    Jul 2012
    Location
    Los Angeles, CA.
    Occupation
    Optical Laboratory Technician
    Posts
    322
    Butler sounds really salty, maybe he was part of the great Lenscrafters purge of 2009.
    Last edited by King of the Lab; 03-07-2019 at 05:00 PM.
    Erik Zuniga, ABOC.

  5. #5
    Manuf. Lens Surface Treatments
    Join Date
    Aug 2002
    Location
    in Naples FL for the Winter months
    Occupation
    Other Optical Manufacturer or Vendor
    Posts
    23,241

    Blue Jumper E.Dean Butler went to China then.............

    Quote Originally Posted by bta89 View Post

    I wonder what E. Dean Butler would consider "first-quality lenses for $1.25 apiece". I must be getting the wrong lens then. Maybe he could hook me up with his supplier. lol


    E.Dean Butler went to China then..............to find them. These days you go an alibaba.com and most of them are listed right there.
    Chris Ryser
    ________________________________________
    DLO. NA.IC.I.T.PO

    http://optochemicals.com............................. http://arcoatings.com

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. This news is all over the papers today..........................
    By Chris Ryser in forum General Optics and Eyecare Discussion Forum
    Replies: 15
    Last Post: 01-08-2017, 12:46 AM
  2. Today's Safilo News...................
    By Chris Ryser in forum General Optics and Eyecare Discussion Forum
    Replies: 4
    Last Post: 08-27-2009, 12:10 PM
  3. FDA News Bulletin of today...................
    By Chris Ryser in forum General Optics and Eyecare Discussion Forum
    Replies: 0
    Last Post: 09-14-2005, 03:19 AM
  4. Today's News Release by Cole National..................
    By Chris Ryser in forum General Optics and Eyecare Discussion Forum
    Replies: 0
    Last Post: 08-31-2004, 11:19 AM
  5. Radio One news today
    By rsandr in forum General Optics and Eyecare Discussion Forum
    Replies: 2
    Last Post: 11-22-2002, 02:43 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
OptiBoard is proudly sponsored by:
BC College of Optics, Younger Optics and Vision Equipment