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Target Optical was founded by the Cole National Corporation in 1995 [1] in Cleveland, Ohio. In 2004, the Cole National Corporation was acquired by the Italian Luxottica S.p.A. along with other Cole National Corporation holdings such as Pearle Vision. Luxottica folded Cole's operations into its North American Retail Group and the Cole structure ...
Grand Met expanded Pearle Vision to more than 1,000 locations worldwide by 1990, but profits became elusive. In 1996, Grand Met sold the Pearle stores in the United States, Canada and Puerto Rico to Cole National Corporation, which operated optical departments inside such retail stores as Sears, BJ's Wholesale Club and Target. [5]
LensCrafters had just three locations when U.S. Shoe purchased it; by 1989, there were 350 locations, and LensCrafters was generating 40% of U.S. Shoe's operating income. [12] In 1992, LensCrafters surpassed Pearle Vision to become the largest chain of eyeglass retailers in the United States, with roughly $660 million in annual revenue. [8]
Luxottica is the largest optical retailer in the United States, with 7.3% of US retail sales in 2015. [45] With its merger with Essilor in 2018 the company owns Coastal/Clearly, an online contacts and glasses retail giant bought in 2014 that ships to over 200 countries beside its original North American market.
A Visionworks location in a strip mall in Hillsboro, Oregon. Visionworks of America, Inc. (formerly known as Doctors' Value Vision) is an American company which operates or manages 711 optical retail stores in 40 U.S. states and the District of Columbia. [1] [2] [3] The company was incorporated in 1988.
This page was last edited on 16 February 2024, at 23:00 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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