NEW YORK—Vision Monday's signature annual report on the Top 50 U.S. Optical Retailers was released this week, in VM's June issue and on VisionMonday.com. The 2024 report, which examines companies' sales and location counts for the country's leading retailers, including mass merchants and warehouse clubs, is based on calendar year 2023 information and VM estimates. The collective sales of VM’s Top 50 U.S. Retailers rose 8 percent in 2023 compared with 2022, to reach an estimated $20.1 billion from 16,369 locations, the report shows. The Top 10 retailers accounted for 84.5 percent of overall Top 50 sales.

Staff retention and the capability to provide a better patient experience were just a few of the challenges that eyecare professionals and optical retailers faced in 2023. On the money front, inflation concerns again appear to be at the top of the list for many retailers, leading to targeted goals such as decreasing the cost of goods and maintaining current fixed expenses.

A link to the report, along with PDFs of this year's and the prior year's feature, are posted here.