Thursday, June 10, 2021 12:04 AM
For all the disruption 2020 brought us, there is a silver lining. Customers are continuing to become even more digitally literate, so there are even more customers online for retailers to attract and retain. Although this forced retailers to accelerate their plans for innovation almost overnight, they’re getting more creative to reach their customers in new ways.
Wednesday, June 9, 2021 5:33 PM
NEW YORK—The Memorial Day holiday led to declines in ECPs’ gross revenue last week, May 31 to June 6, the 23rd week of 2021, according to data from Jobson’s latest Practice Performance Tracker. While the comparable 23rd weeks of 2019 and 2020 both exactly matched an average week for gross revenue (assigned an index value of 100) because neither included the Memorial Day holiday, and 2020 was also recovering from COVID’s impact by that time, gross revenue for this past week fell 17 index points below the levels achieved the past two years during the same time period. Read More
Wednesday, June 9, 2021 1:08 PM
Believe it or not, the Olympics
are scheduled to go ahead this July, reportedly featuring more than 10,000 athletes alone. So, how is the COVID-19 situation in Japan, what safety protocols are in place, and what can we expect ahead of the Olypmics? Head over to The Cut
to learn some more.
Wednesday, June 9, 2021 12:51 PM
The U.S. is gradually recovering from the COVID-19 pandemic, and states have heavily relaxed their COVID-19 restrictions. As a result, the unemployment rate has dropped to 5.8 percent from its high of 14.8 percent in April 2020.
The country’s progress toward economic recovery has been largely possible because of the strides it has made toward a public health recovery, due to the distribution of the vaccine. As of June 7, around 42 percent of the population has been fully vaccinated. The country has already seen a significant decline in new COVID-19 cases and deaths, and that decline will only continue as more people get vaccinated. The greater level of safety will also lead to increased consumer confidence.
Even though the U.S. is making progress as a whole, some states are recovering from the COVID-19 pandemic much faster than others. In order to determine the states that are having the most successful recoveries, WalletHub compared the 50 states and the District of Columbia across 21 key metrics. WalletHub’s data set ranges from the share of the population fully vaccinated to the real GDP compared to pre-COVID levels.
to read the full story from WalletHub.
Wednesday, June 9, 2021 12:27 AM
NEW YORK—The Memorial Day holiday led to declines in ECPs’ gross revenue last week, May 31 to June 6, the 23rd week of 2021, according to data from Jobson’s latest Practice Performance Tracker. While the comparable 23rd weeks of 2019 and 2020 both exactly matched an average week for gross revenue (assigned an index value of 100) because neither included the Memorial Day holiday, and 2020 was also recovering from COVID’s impact by that time, gross revenue for this past week fell 17 index points below the levels achieved the past two years during the same time period.
Tuesday, June 8, 2021 9:30 AM
After a steep decline in 2020
, global smartphone sales to end users grew 26 percent in the first quarter of 2021, according to Gartner, Inc.
Overall worldwide mobile phone sales to end users grew 22 percent year over year.
“The improvement in consumer outlook, sustained learning and working from home, along with pent-up demand from 2020 boosted sales of smartphones in the first quarter. Consumers started spending on discretionary items as the pandemic situation improved.
Tuesday, June 8, 2021 12:30 AM
ALEXANDRIA, Va.—Vision Expo East 2021
concluded on Saturday, June 5. The four-day event, which took place for the first time in Orlando, Florida, from June 2-5 at the Orange County Convention Center, marked the first large-scale, in-person trade show for the vision care community since 2019. Organizers said the show "brought together thousands of members of the industry." VMAIL
asked about attendance at the show. A spokesperson said that "Vision Expo will not be releasing attendance figures at this time."
Monday, June 7, 2021 1:46 PM
It's likely that we will need to get a booster shot
for our COVID-19 vaccine at some point, but lots of questions still remain. When will the shot be needed? Why do we need it? Does everyone need one? We don't have the answer to all these questions yet, due to time, but there are some things we know for sure. Head over to The New York Times
to learn what scientists know about COVID-19 boosters, and what we can expect moving forward.
Monday, June 7, 2021 9:25 AM
eMarketer’s Nicole Perrin recently observed
that even before the pandemic, ecommerce channel advertising was attracting a lot of attention from advertisers—especially in verticals like consumer packaged goods (CPG)—as well as retailers, which hoped to add new higher-margin revenue streams to their businesses after seeing Amazon’s success in the area. “Amazon had become the No. 3 digital ad seller in the US thanks primarily to placements on its ecommerce property, and companies including Walmart, Target, and eBay had been growing similar businesses,” Perrin noted.
Friday, June 4, 2021 1:00 PM
Those of us who are regular travelers on the educational conference circuit will probably always think of SECO 2020 when we reflect on the COVID pandemic lockdown. That was the last big meeting to happen before the profession, and pretty much the entire world, retreated from society for a year or so. Review of Optometry
hosts a big reception at SECO each year, where over 100 people gather to talk and eat and laugh together, elbow-to-elbow, for three hours. You couldn’t ask for a more convivial atmosphere. Less than two weeks after last year’s event, I was literally wearing surgical gloves and a mask in the grocery store. Quite a 180 from SECO! Read More
Friday, June 4, 2021 12:45 PM
Last April, during a peak in COVID-19 cases, the International Olympic Committee postponed the Summer Olympics—due to be held in Tokyo—for a year. At the time, Americans supported that decision. This year, the virus is still with us, and another postponement is being discussed.
In the latest Economist/YouGov poll
, Americans aren’t sure of whether it is safe for the Tokyo Olympics to be held this year, or should they be postponed another year due to COVID-19. As many would postpone the Games again (36 percent) as would have them played this summer (37 percent).
An Asahi Shinbun poll conducted in Japan last month found 83 percent of voters there saying the Games should be postponed or canceled.
The highest levels of interest in this year’s Games—if they are held—is not much different from what it was five years ago in an Economist/YouGov poll conducted before the Rio 2016 Olympics.
Then, one in four (28 percent) also said they would be watching “a lot of events.”
Friday, June 4, 2021 12:30 AM
SAN RAMON, Calif.—CooperCompanies
(NYSE: COO) announced financial results for its fiscal second quarter ended April 30, 2021. The overall company revenue increased 37 percent year-over-year to $719.5 million. CooperVision (CVI) revenue was up 30 percent to $522.6 million, and CooperSurgical (CSI) revenue increased 60 percent to $196.9 million. Commenting on the results, Al White, Cooper's president and CEO said, "I'm happy to report that CooperVision and CooperSurgical both posted all-time record quarterly revenues which drove record quarterly earnings. Our businesses have rebounded nicely from Covid lows and we're poised for success with daily silicone hydrogel lenses and myopia management leading CooperVision, and fertility and PARAGARD leading CooperSurgical."
Thursday, June 3, 2021 12:24 AM
NEW YORK—Even though national optical sales declined last week (May 24-30), overall gross revenue generated during Week 22 of this year still remained substantially higher than during the comparable weeks of both 2019 and 2020, according to data from Jobson’s latest Practice Performance Tracker. This is primarily due to Week 22 of 2020 being in the midst of the pandemic and because Memorial Day fell within Week 22 of 2019.
Wednesday, June 2, 2021 12:30 AM
NEW YORK—The character of current business among ECPs and optical retailers is running significantly higher in May 2021 in terms of profitability per patient (+29 percent), number of patients per day (+34 percent), revenue (+34 percent), optical sales (+35 percent) and capture rate (+23 percent) versus the May 2020 shutdowns and closings in the initial months of the COVID-19 pandemic. However, each of these practice business benchmarks are again, in the latest Wave 23 of the Jobson Research ECP Coronavirus Survey
, which was conducted May 26 to May 28, starting to even up to flat in comparison with the same period of 2019.