Tuesday, December 4, 2018 12:27 AM
BENTONVILLE, Ark.—Sam’s Club
is taking steps to raise its game in the optical department, with the addition of new frame brands and a tie-in with the celebrity duo Bill and Giuliana Rancic.
Wednesday, November 21, 2018 12:24 AM
NEW YORK—This Saturday, November 24, marks the 8th annual Small Business Saturday
, and there’s plenty to celebrate. When American Express launched Small Business Saturday in 2010, they kicked off a nationwide Shop Small Movement that would go on to effect just about every corner of the retail world—and the eyecare and eyewear fields are no exception. According to American Express
, U.S. customers have reported spending a total of $85 billion at independent retailers and restaurants over the past 8 Small Business Saturdays.
Friday, November 2, 2018 12:27 AM
DOWNERS GROVE, Ill.—Pearle Vision
, a national eyecare brand, has signed an area development agreement that covers the opening of five locations in northern Illinois, according to a Pearle Vision announcement late last month. The agreement is with Vick and Monika Mehta, who are “experienced, multi-unit business owners and longtime residents in the region,” the announcement noted. The agreement includes the opening of five new Pearle locations in the next three years across Boone, Dekalb, Kane, Kendall, McHenry and Winnebago counties in Illinois.
Tuesday, October 16, 2018 12:27 AM
HOFFMAN ESTATES, Ill.—Sears Holdings Corporation
, a one-time icon of the U.S. retail sector, on Monday filed for Chapter 11 bankruptcy protection.
Tuesday, October 16, 2018 12:18 AM
DULUTH, Ga.—National Vision Holdings
is now accepting entries for its annual grant program. Now in its fourth year, National Vision is focusing this year’s program on optometrists’ role in public health, as many of the health issues that can be diagnosed during an eye exam are being seen at high volumes and are considered significant public health issues. The company is challenging students to explain how they will make an impact by combatting a national or regional public health issue as a future doctor of optometry for a chance to win a $5,000 grant.
Thursday, October 4, 2018 12:21 AM
KINGWOOD, Texas—In collaboration with a large Midwest health system, Vision Source
earlier this year piloted the Kno2: Interoperability as a Service program that focused on addressing metrics and outcomes for at-risk patients with diabetes. The pilot, the network’s first with Kno2
, was deemed a success and reduced post-examination lag times by 80 percent, a Vision Source spokeswoman told VMAIL
, as well as enabling Vision Source practices to close patient care loops within seven to 10 days rather than the previous time frame of four to 12 weeks.
Thursday, September 20, 2018 12:21 AM
NEW YORK—Jobson Optical Research
has released its exclusive 2018 U.S. Optical Retailer Report & Directory. The directory in this report includes a comprehensive listing of the top optical retailers in the U.S. Each listing details contact information for the company headquarters, key executives, buyer names for all product categories, and trade names/DBAs.
Thursday, September 13, 2018 12:21 AM
KINGWOOD, Texas—Vision Source
, North America's largest network of independent optometrists, announced Wednesday that Dr. Amir Khoshnevis will join its leadership team as executive vice president and chief clinical officer. The move is effective Jan. 1, 2019. Dr. Khoshnevis will work alongside Vision Source leaders, including founder Dr. Glenn Ellisor, Dr. Bobby Christensen, Dr. John McCall and Dr. Paul Williams “to ensure that the voice and vision of the private practice optometrist continue to guide the network,” according to the announcement.
Wednesday, September 5, 2018 12:24 AM
(2020), a leading provider of on-site vision care for businesses and schools, serving over 450 leading employers, has appointed Alexis McLaughlin as 2020’s new CEO.
Tuesday, September 4, 2018 12:21 AM
, Canada’s largest eyecare provider, announced late last week that Port Credit Optometry
in Mississauga, Ontario, has recently joined the FYidoctors family. This acquisition adds to FYidoctors’ growing presence in Ontario, according to the announcement. Equipped with a range of diagnostic technology, a wide selection of designer and exclusive label frames and internal freeform lens designs, this location demonstrates FYi’s continued commitment to the Mississauga region, the announcement added. The terms of the transaction were not reported.
Thursday, August 30, 2018 12:24 AM
NEW YORK—Influential independent retail thought leader, Nicole Leinbach, Reyhle, founder of RetailMinded.com
and mobile/payments expert Sih Lee, SVP of new business development at Synchrony Financial
, one of the country’s largest credit card providers, are two of the featured speakers set to share insights and business trends to help optical retailers and ECPs “Retail Smart – New Paths for Discovery, Choice and Purchase”, a special VM LIVE session set for Wed., Sept. 26, from 4:00 to 6:00 p.m., at the Venetian/Sands Convention Center just prior to the opening of Vision Expo West.
Thursday, August 30, 2018 12:21 AM
ALEXANDRIA, Va.—Building on its past success, the Boutique Buyer Panel at Vision Expo West 2018
(Education: Sept. 26–29; Exhibit Hall; Sept. 27–29) will feature panelists from Article One, Europa Eyewear and STATE Optical Co., Eye Q Stylist and Peoples From Barbados, Gogosha Optique, Lafont, and Selima Optique, who will each bring their unique perspectives to the topic of independent eyewear. The Boutique Buyer Panel will take place on Friday, Sept. 28 from 5:00 to 5:45 p.m. in the Galleria Lounge, Vision Expo Exhibit Hall. Cocktails and Networking will take place from 5:45 to 6:30 p.m.
Tuesday, August 21, 2018 12:21 AM
, a national health and wellness organization and parent company of Visionworks, on Monday reported an excess of revenue over expenses of $551 million for the first six months of 2018, and an operating gain of $502 million, both comparable results to the prior-year performance. Pre-tax results of $602 million were $21 million ahead of prior-year results, Highmark added in its announcement. The organization, which late last year sold a majority stake in its Davis Vision business to Centerbridge Partners, as VMAIL reported
, said the first-half results were driven by “strong performance across all business divisions, notably Highmark's commercial and government health plan business due to continued focus on value creation initiatives,” among other factors.
Tuesday, August 14, 2018 12:18 AM
MONTREAL—New Look Vision Group Inc.
(TSX: BCI), a leader in the Canadian retail optical industry with 376 stores across Canada, reported that revenues reached a record $77.2 million and adjusted EBITDA totaled $15.3 million in the second quarter, representing increases of 39.5 percent and 40.3 percent, respectively, compared with the year-ago period. The revenue increase in the 13-week quarter ended June 30 was mainly due to last year’s acquisition of Iris, as well as comparable-stores sales growth of 2.6 percent, New Look Vision said in an announcement late last week. As a percentage of revenues, adjusted EBITDA in the second quarter increased to 19.8 percent from 19.7 percent during the same period last year.
Monday, August 13, 2018 12:15 AM
DULUTH, Ga.—National Vision Holdings Inc.
(NASDAQ: EYE), one of the nation’s largest optical retailers, has announced the winners of the National Optometric Student Association
(NOSA) grant through its partnership with the National Optometric Association
(NOA). The three students awarded a total of $7,000 were announced at the NOSA Scholarship Awards presentation, which was held during the 50th Annual NOA Convention & CE Program late last month. This year’s grant essay topic, inspired by Simon Sinek, consultant and author of “What is Your Why?” asked students to share their “why,” by explaining what their personal mission will be as a future doctor of optometry. All active NOSA members in good standing with an optometry school in the U.S. or Puerto Rico were eligible to enter and submit responses in a 500-word essay or short video.