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The National Average for Gross Revenue at ECP Locations Rebounded for the Week of Nov. 29-Dec. 5, Jobson’s Latest Practice Performance Tracker Shows

By Staff
Wednesday, December 8, 2021 12:27 AM NEW YORK—The national average for gross revenue at ECP locations rebounded last week, Nov. 29-Dec. 5, following the previous week’s sharp declines during the Thanksgiving holiday. In fact, gross revenue not only regained the -35 index points it lost during the Thanksgiving week (Nov. 22-28), but it also added an additional 6 index points with its 41 index point increase, according to Jobson’s most recent Practice Performance Tracker.

Mido Confirms the 2022 Edition From February 12 to 14 at Fiera Milano Rho

By Staff
Tuesday, December 7, 2021 12:02 AM Despite the unpredictability of our times, the situation in Italy is currently under control and the hosting of trade shows has not been compromised. Mido 2022 is set to open its doors February 12 to 14 at Fiera Milano Rho, as scheduled. Proof of success can be found in other key events, like the recent well-attended EICMA motorcycle show.

Registration Opens for the Opticians Association of America Leadership Conference Set for Feb. 10-12, 2022 in Lake Buena Vista, Fla.

By Staff
Monday, December 6, 2021 12:27 AM LAKE BUENA VISTA, Fla.—Registration is now open for the Opticians Association of America (OAA) 2022 Leadership Conference scheduled for Feb. 10-12, 2022 at the Wyndham Lake Buena Vista Disney Springs Resort Area. Building on the theme, Dream Into Action, OAA State Leadership Conference will bring together the collective talents and expertise from opticianry leaders and partners as they gather from across the country for practical learning, timely updates and networking opportunities. For three days, attendees will learn about the latest innovations in the industry as they engage in 32 breakout sessions centered on leadership in the following areas: personal growth, leadership in the workplace, guild for the independent optician, state leadership and national impact.

Checking the Pulse on Walgreens’ Plan to Roll Out In-Store Health Clinics

By Staff
Monday, December 6, 2021 12:04 AM The pandemic highlighted and validated for us that the health care industry really needs to change, and change quickly.

Safilo With Save the Children Italia for 'Punti Luce' Program

By Staff
Monday, December 6, 2021 12:02 AM A new collaboration has started between Safilo and Save the Children, the international organization that has been fighting to save children at risk and to guarantee them a better future for more than 100 years. This new collaboration originates from Safilo’s commitment to the Save the Children Italia campaign “Rewrite the future,” an integrated project aimed at counteracting educational poverty and early school leaving in Italy.

Analysts Ask: Will the Lack of Holiday Buzz This Year Impact Overall Sales?

By Staff
Friday, December 3, 2021 1:25 PM NEW YORK—With less than three weeks until the Christmas holiday, U.S. retailers are crossing their fingers and hoping that consumers will keep spending. However, many shoppers started their holiday shopping earlier this year, which meant that the big Thanksgiving weekend shopping events—from Black Friday to Cyber Monday—weren’t as strong as stores expected.
 
Still, analysts expect retail sales will hit lofty levels in 2021, but there does seem to be a lack of holiday buzz. This is what Deborah Weinswig, founder and CEO of Coresight Research, told CNBC recently.
 
“Typically, people are like, ‘How’s your holiday shopping going? What are you getting so-and-so?,’” she noted. “I feel like some of that we don’t have this year—and I’m not sure why it is.” 
 
This was borne out in the data reported by the National Retail Federation (NRF) last week. The total number of shoppers and average spending dropped during the extended Thanksgiving weekend compared with each of the past two years, the NRF said.
 
Other holiday expectations from Coresight Research:
 
* More than one-fifth of consumers expect to spend more on food at home this holiday season, versus less than one in 10 who expect to spend less. This represents the greatest net positive difference—plus 12 percent—among all categories tracked by Coresight Research’s recent survey.

Mido 2022 Organizers Reconfirm the Exhibition Is Set to Open its Doors Feb. 12 to 14 in Milan

By Staff
Friday, December 3, 2021 12:21 AM MILAN—Mido 2022 organizers have issued a reconfirmation that the major international optics fair is set to open its doors Feb. 12 to 14 at Fiera Milano Rho here, as scheduled.

Concerns Over Omicron Could Shift Spending Away From Experiences, Retail Trade Group Says

By Staff
Friday, December 3, 2021 12:04 AM We know, unfortunately, that when the variants have had a real impact on the economy, the goods side of the economy has actually benefited from that because people change behavior away from the experience side of the economy and spend more time and more dollars engaged in the goods side of the economy.

20/20 Europe: Cutler and Gross—Accelerated Change

By Staff
Thursday, December 2, 2021 1:58 PM In an exclusive interview for 20/20 Europe, Fiona Reynard, managing director, Cutler and Gross explained the fast evolution of the British company, and its new investments in production in Italy, diversification and product strategies, designed—in the light of the pandemic and a new climate of business—to promote long-term success. Read More

Amid the Pandemic, a Rising Share of Older U.S. Adults Are Now Retired

By Staff
Thursday, December 2, 2021 1:36 PM As employers contend with growing numbers of younger employees quitting in the great resignation, the COVID-19 recession and gradual labor market recovery has also been accompanied by an increase in retirement among adults ages 55 and older.

As of the third quarter of 2021, 50.3 percent of U.S. adults 55 and older said they were out of the labor force due to retirement, according to a Pew Research Center analysis of the most recent official labor force data. In the third quarter of 2019, before the onset of the pandemic, 48.1 percent of those adults were retired. In regard to specific age groups, in the third quarter of 2021 66.9 percent of 65- to 74-year-olds were retired, compared with 64 percent in the same quarter of 2019.

The leading edge of the Baby Boomer generation reached age 62 (the age at which workers can claim Social Security) in 2008. Between 2008 and 2019, the retired population ages 55 and older grew by about 1 million retirees per year. In the past two years, the ranks of retirees 55 and older have grown by 3.5 million. Click here to read the full story from Pew Research Center.

American Express’ 12th Annual Small Business Saturday Reaches an All-Time High With an Estimated $23.3 Billion in U.S. Consumer Reported Spending

By Staff
Thursday, December 2, 2021 12:04 AM Small Business Saturday is a way for us to engage with our community and show people why it's important for us to have each other's backs. We’re here because we want to create jobs in our community, not just to sell items, because creating local employment is as important as having special places to shop and gather together.

Shortages Lead Shoppers to Pivot Their Purchasing

By Staff
Wednesday, December 1, 2021 2:41 PM As product availability remains strained this holiday season, consumers are taking a flexible approach to shopping. According to a recent feature from eMarketer, between August and October, the majority of U.S. shoppers either switched brands or products (39 percent) or switched retailers (32 percent) when their item of choice was unavailable. Meanwhile, 13 percent waited for the item to come back in stock, and 16 percent simply opted to do without.

With Federal COVID Sick Leave Gone, Workers Feel Pressure to Show Up at Work

By Staff
Wednesday, December 1, 2021 8:06 AM Economists and public health experts alike say paid sick leave is an essential tool—like testing, masks and vaccines—in the effort to prevent COVID-19 infection and keep workplaces safe.

The National Average for Gross Revenue at ECP Locations Declined Sharply for Week of Nov. 22-28, Jobson’s Latest Practice Performance Tracker Shows

By Staff
Wednesday, December 1, 2021 12:27 AM NEW YORK—While the national average for gross revenue at ECP locations declined sharply last week, Nov. 22-28, due to the Thanksgiving holiday, its index level still fell right between where this optical category was at this same point in time (Week 48) during both 2019 (1 index point above) and last year (2 index points below), according to Jobson’s most recent Practice Performance Tracker. All optical categories experienced large decreases in sales last week due to the Thanksgiving holiday.

Retail Sales Surged This Black Friday, Though the Day's Impact Is Diluted

By Staff
Wednesday, December 1, 2021 12:04 AM What the pandemic did for retail was, it forced them to be better digital retailers.