CooperVision Extends Deadline for 2021 Best Practices Initiative

By Staff
Friday, November 20, 2020 12:18 AM SAN RAMON, Calif.—CooperVision has announced the extension of the application deadline for its 2021 Best Practices initiative. The deadline is now Monday, November 30, 2020.

U.S. Vision Notifies New Jersey of its Plans to Lay Off Roughly 300 Workers

By Staff
Friday, November 13, 2020 12:21 AM GLENDORA, N.J.—In a recent filing  with the state of New Jersey, USV Optical Inc., which operates as U.S. Vision, said it intends to lay off 299 workers at its lab in Blackwood, N.J.

FYidoctors Continues Growth in Quebec With Merger of Planet Vision

By Staff
Wednesday, November 11, 2020 12:21 AM CALGARY, Alberta—FYidoctors|Visique, a leading optometrist-controlled eyecare company based here, announced Planet Vision as the latest clinic to join the FYidoctors group in the Quebec market.

New Look Vision Group Reports Strong Third-Quarter Results

By Staff
Tuesday, November 10, 2020 12:24 AM MONTREAL—New Look Vision Group Inc. (TSX: BCI), a leader in the Canadian retail optical industry with stores across Canada, said its third-quarter revenues rose to $86.9 million, an increase of 16.8 percent compared with the year-ago period, as comparable store sales jumped 13.5 percent in the period ended Sept. 26. The company’s adjusted EBITDA rose 140.8 percent, according to New Look Vision’s earnings announcement late last week. Among other highlights of Q3, New Look Vision said it launched new websites and iPhone applications as part of its omnichannel strategy.

Shopko Optical Expands Sales Leadership Team With Three New Regional Managers

By Staff
Monday, November 9, 2020 12:18 AM GREEN BAY, Wis.—Shopko Optical, a provider of patient-centric eyecare and quality eyewear, has announced that Lisa Cowan, Katherine Christy and Nancy Newstrom have joined the field leadership team as regional managers.

National Vision Reports ‘Exceptionally Strong’ Third Quarter as Comparable-Store Sales Post Double-Digit Increases

By Staff
Friday, November 6, 2020 12:27 AM DULUTH, Ga.—National Vision Holdings Inc.(NASDAQ: EYE) reported Thursday that sales in the third quarter increased 12.4 percent to $485.4 million, driven by comparable-store sales growth of 11.6 percent (adjusted comparable-store growth of 12.4 percent). The company’s net income increased 2,860 percent to $35.3 million (which compares with net income of $1.2 million in the year-ago quarter), as adjusted EBITDA rose 89.3 percent to $88.1 million and adjusted operating income increased 160 percent to $67.7 million in the quarter ended Sept. 26, 2020.

CVS Health Notes QuickRenew Rx Renewal ‘Prominently’ Reminds Patients the Service Does Not Replace In-Person Exams

By Staff
Friday, November 6, 2020 12:21 AM WOONSOCKET, R.I.—CVS Health, which drew attention from the eyecare community last week after announcing the debut of its QuickRenew online prescription renewal service, has clarified its position on eye exams and its support of both the “basic principles” of the optometric community and patients looking for convenient access to care.

Safilo Group Reports Sales and EBIDTA Gains in Third Quarter

By Staff
Wednesday, November 4, 2020 12:24 AM PADUA, Italy—The board of directors of Safilo Group has reviewed and approved its Q3 and the first nine months of 2020 economic and financial key performance indicators.

VM’s Modern Lab Report Explores How Successful Labs Exceed Customer Needs and Expectations

By Staff
Wednesday, November 4, 2020 12:15 AM NEW YORK—Service has always been a key differentiator for optical labs. In fact, a customer’s loyalty often depends on the quality of service a lab can provide. What defines good service in today’s highly competitive optical industry? What do eyecare professionals want from their labs, and how are labs responding? Vision Monday’s October cover story, At Your Service: How Successful Rx Labs Exceed Customer Needs and Expectations, takes an in-depth look at the complex, symbiotic relationship between ECPs and labs and what good service looks like in 2020.

At Your Service

By Andrew Karp / Group Editor, Lenses & Technology and Jeff Hopkins / Contributing Editor
Monday, November 2, 2020 12:30 AM In the first days of the coronavirus pandemic, as states and municipalities began issuing shutdown orders, optical retailers and optometric practices across the country went into shock. With many offices closed and eyeglass shipments disrupted, the situation was chaotic. “When everyone literally had the rug pulled out from under them, no previous systems you had in place were going to be helpful when you’re winging it,” recalled optician Ruth Domber, who co-owns 10/10 Optics, a popular optical boutique and optometric practice in New York City.

GrandVision Posts Record Adjusted EBITA in Q3

By Staff
Monday, November 2, 2020 12:30 AM SCHIPHOL, the Netherlands—GrandVision N.V. (Euronext: GVNV) reported Friday that its revenue grew by 2.3 percent at constant exchange rates to €1,047 million in the third quarter as the company’s store network fully reopened. The comparable revenue growth was 0.8 percent in the quarter, led by a strong performance in the G4 (Brazil, Germany, India, and Japan) of 3.4 percent.

Eyemart Express Focuses on Military Hiring and 20 Percent Discount for Veterans Day

By Staff
Friday, October 30, 2020 12:18 AM DALLAS—With approximately 8 percent of veterans finding themselves unemployed, according to the U.S. Department of Labor statistics, optical retailer Eyemart Express will team up with the U.S. Army's Partnership for Youth Success (PaYS) to work on programs that seek to reduce this statistic.

CVS Health’s Prescription Renewal Platform Draws Strong Reaction from AOA and ECPs

By Staff
Thursday, October 29, 2020 12:27 AM WOONSOCKET, R.I.—CVS Health’s announcement this week that its CVS Pharmacy division has launched an online prescription renewal service for contact lenses has prompted strong reaction from ECPs across social media and has drawn a rebuke from the American Optometric Association (AOA).

FYidoctors Acquires High Park Optometry as It Continues Growth Across the Greater Toronto Area

By Staff
Thursday, October 29, 2020 12:21 AM CALGARY, Alberta—FYidoctors, a leading optometrist-controlled eyecare company, has added High Park Optometry to its growing list of optometric clinics in the province of Ontario.

National Vision Appoints Susan Somersille Johnson to Board of Directors

By Staff
Wednesday, October 28, 2020 12:18 AM DULUTH, Ga.—National Vision Holdings, Inc. (NASDAQ: EYE) announced the appointment of Susan Somersille Johnson, chief marketing officer (CMO) at Prudential Financial, Inc., to its board of directors, effective Oct. 27.