Pew Research: More Than Half of Americans Live Within One Hour of Extended Family

By Staff
Friday, May 20, 2022 4:37 PM NEW YORK—Not surprisingly, especially given the rigors of the pandemic of the past two-plus year, most Americans value living close to their families, according to a recent Pew Research Center survey. Indeed, the survey found that more than half of respondents actually do live close to their family members.

Overall, 55 percent of U.S. adults say they live within an hour’s drive of at least some of their extended family members, according to Pew Research Center’s findings. Roughly equal shares of Americans say they live near all or most of their extended family (28 percent) or near some extended family (27 percent). Another 24 percent of adults say they live within an hour’s drive of only a few family members, while one-in-five (about 20 percent) say they do not live near any extended family members. 

“Only 1 percent of Americans say they don’t have extended family at all,” according to Pew’s analysis of the survey’s findings (which defined extended family as children, parents, grandparents, grandchildren, brothers, sisters, cousins, aunts, uncles and in-laws who don’t currently live with the respondent).

About one-third of adults with a postgraduate degree (32 percent) do not live near any extended family, compared with 14 percent of those with a high school education or less, according to Pew Research’s report on the survey’s findings.

FYidoctors Launches Future Vision Leaders Program

By Staff
Friday, May 20, 2022 8:00 AM FYidoctors launched its Future Vision Leaders program, a one-of-a-kind initiative designed to help new and recent optometry graduates with up to $100,000 in forgivable loans. This unique program aims to partner the next generation of optometrists with patients and regions across Canada that are in marked need of professional eyecare expertise.

Super Optical International Is Purchased by Engineering and Software Executive

By Staff
Friday, May 20, 2022 12:36 AM Super Optical International is purchased by engineering and software executive, Zeiss’s half-year revenue up 20 percent, gross revenue decreased, Jobson Tracker says, Warby Parker reports increase in Q1 sales and Gryphon Investors partners with Vision Innovation Partners all topped this week’s VMAIL news feed. Click on the headlines below to catch up on anything you might have missed.

Super Optical International Is Purchased by Engineering and Software Executive

By Staff
Friday, May 20, 2022 12:33 AM CINCINNATI, Ohio—Lyric Optical, doing business as Super Optical International, maker of the FastGrind Modified Lens Surfacing System and other optical products, announced the completion of a 100 percent sale of the company to Andy Hawes, an engineering and software executive. Details of the transaction were not disclosed. The previous owners of the Cincinnati-based company include Don Gilman, John Corsini and Hugh McManus. Gilman and Corsini have announced their retirement from the optical industry. McManus, who joined the company in 2012 and has worked on customer satisfaction, product development and quality control, will remain with the company and lead the sales team.

Ocuco Appoints Carlo Rossetti as Senior Sales Executive for North America

By Staff
Friday, May 20, 2022 12:27 AM VANCOUVER, B.C.—Ocuco has announced the addition of Carlo Rossetti to its expanding North American team. He brings over 20 years of experience within the tech industry, including several years operating within the optical sector, to his new role at Ocuco.

Warby Parker Expands Its Optician Apprentice Program

By Staff
Friday, May 20, 2022 12:24 AM NEW YORK—Warby Parker, Inc. (NYSE: WRBY) is continuing to expand its Optician Apprentice Program, the company told VMAIL. The program started in 2017 to provide Warby Parker employees with the opportunity to become ABO-NCLE certified and, when applicable, licensed opticians.

opti 2022 Wraps Up Special Spring Edition in Munich

By Staff
Friday, May 20, 2022 12:21 AM MUNICH, Germany—opti 2022 concluded in Munich, Germany on May 15 after three days at Fairground Munich. From May 13 to 15, the show saw about 13,000 visitors from 71 countries, according to show organizers, with about three quarters of visitors saying their main aim at the show was to “exchange ideas with colleagues in the industry and to initiate business relationships.” This special spring edition of opti, the first time the show has been held in May, showcased 368 exhibitors from 25 countries, including a number of first-time exhibitors.

Do You Know an Influential Woman in Optical? Nominate Her Now, Survey Closes on June 6

By Staff
Friday, May 20, 2022 12:15 AM NEW YORK—Vision Monday will once again be highlighting The Most Influential Women in Optical in our July/August issue, marking the 20th anniversary of our signature Special Report saluting women in the eyewear/eyecare industry. We are currently seeking nominations via an electronic survey form. The deadline for submitting nominations is June 6. Women’s influence in optical is undeniable and today, there are more women than ever before are playing vital roles at all levels of our industry.

Labtician Théa Announces Successful Completion of Joint Venture

By Staff
Friday, May 20, 2022 12:02 AM As two family companies with a passion for eyecare, Laboratoires Théa and Labtician Ophthalmics recognized an opportunity to work together to bring innovative new products to Canadian patients. In 2018, this shared vision resulted in the formation of Labtician Théa, an ambitious joint venture with a 5-year term.

Zeiss’s Half-Year Revenue Up 20 Percent Over Year-Ago

By Staff
Thursday, May 19, 2022 12:30 AM OBERKOCHEN, Germany—Despite challenging market conditions, the Zeiss Group continued to make significant gains in the first half of fiscal year 2021/22 ending March 31, 2022. Revenue increased by 20 percent to €4.1 billion versus €3.4 billion in the prior year. At €736 million, earnings before interest and taxes (EBIT) were also significantly higher than the €591 million in the prior-year period. The EBIT margin is 18 percent. The high level of incoming orders also continued in the first half of the new fiscal year, with incoming orders increasing to €5.49 billion versus €4.20 billion in year-ago period.

CooperCompanies Releases 2021 Environmental, Social and Governance Highlights Report, Signs on to United Nations Global Compact

By Staff
Thursday, May 19, 2022 12:27 AM SAN RAMON, Calif.—CooperCompanies (NYSE: COO) has announced the publication of its 2021 Environmental, Social and Governance (ESG) Highlights Report, sharing the company’s progress on ESG items most important to its businesses and stakeholders, including employees, shareholders, customers and global communities.

Sunvera Group Forms New Partnership With William S. Goldstein, MD PC – Laser Eye Care Center

By Staff
Thursday, May 19, 2022 12:26 AM BINGHAM FARMS, Mich.—Sunvera Group, a management services organization providing support services to ophthalmology practices across multiple subspecialties, has formed a new partnership with William S. Goldstein, MD PC and Laser Eye Care Center in Shelby Township, Mich.

Innova Canada Is Part of Private Equity Acquisition

By Staff
Thursday, May 19, 2022 12:02 AM Cornell Capital LLC, a private equity firm based in New York and Hong Kong, announced that it has entered into an agreement to acquire Advancing Eyecare, a leading, North America-based provider of ophthalmic instruments, from Atlantic Street Capital.

All U.S. Executives Spot Potential Risks in AI

By Staff
Wednesday, May 18, 2022 9:00 AM In the U.S., 56 percent of executives believe AI technology comes with either significant or somewhat significant potential risk. Another 19 percent view the risk as moderate, while 26 percent think the threat is minimal. No executive surveyed believes AI is entirely without risk.

Executives name cybersecurity as the No. 1 AI-related risk to their organization, but they may be missing the very real threat of algorithmic bias. Most U.S. companies use AI for hiring and people management, but 39 percent of executives said no one at their company is responsible for identifying implicit bias in the tech. 

Meanwhile, 38 percent report their corporate board isn’t fully aware of how the company uses AI, likely exacerbating blind spots about the risks involved.

The National Average for Gross Revenue at ECP Locations Decreased for the Week of May 9-15, Jobson’s Latest Practice Performance Tracker Shows

By Staff
Wednesday, May 18, 2022 12:27 AM NEW YORK—The national average for gross revenue at ECP locations decreased last week, May 9-15, at a rate of -2 index points. That places gross revenue at a level 7 index points above where it was at this point in time (week 20) when compared with last year and 12 points above 2019. Gross revenue during Week 20 of 2020 was 42 index points below Week 20 of this year at a level of 68 index points, as it continued to gradually emerge from the pandemic-related low of 14 index points it had reached during Week 15 of 2020, according to Jobson’s most recent Practice Performance Tracker.