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This one company is the reason we pay 1,000 times what our eyeglasses are actually worth

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This one company is the reason we pay 1,000 times what our eyeglasses are actually worth Empty This one company is the reason we pay 1,000 times what our eyeglasses are actually worth

Post by Ben Reilly on Wed Mar 06, 2019 9:33 pm

For many, they’re a basic necessity, but eyeglasses are expensive.

Designer frames can cost upward of $400, while standard glasses from a company like Pearle Vision can start at around $80. In recent years, the eyewear startup Warby Parker has stepped into the picture, providing an affordable, attractive solution for shoppers, but glasses from Warby Parker still start at $95.

These prices, it turns out, are marked up. Way up.

This week, the Los Angeles Times spoke with two former executives of LensCrafters: Charles Dahan and E. The Devil You Know Butler, who founded LensCrafters in 1983. Both admitted that today, glasses are marked up nearly 1,000 percent.

“You can get amazingly good frames, with a Warby Parker level of quality, for $4 to $8,” said Butler. “For $15, you can get designer-quality frames, like what you’d get from Prada.”

Butler added that shoppers could get “absolutely first-quality lenses for $1.25 apiece.” When hearing that some glasses sell for $800 in the US, he laughed. “I know. It’s ridiculous. It’s a complete rip-off.”

Butler and Dahan confirmed what shoppers have already suspected: There’s price gouging in the optical industry. The main culprit? The eyewear giant EssilorLuxottica, which essentially controls the industry.

Luxottica is an Italian glasses company that was founded in 1961. Its most popular brands are Oakley and Ray-Ban, but over the years it’s gone through a spree of acquisitions, buying Sunglass Hut, Pearle Vision, and Cole National, which owns both Target and Sears Optical. Luxottica also owns the licensing on designer eyewear from Prada, Chanel, Coach, Versace, Michael Kors, Tory Burch, and more. If you buy glasses from a retail store in the US, the odds are pretty high that they were made by Luxottica.

https://www.vox.com/the-goods/2019/3/6/18253555/eyeglasses-cost-lenscrafters-essilor-luxottica

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Post by Raggamuffin on Thu Mar 07, 2019 8:28 pm

You can pay crazy prices for glasses. However, reading glasses can be very cheap - you can get them for a few quid, as long as you don't mind both lenses being the same strength. If your eyes are very different you should probably get them from an opticians at a much higher price.

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Post by Victorismyhero on Thu Mar 07, 2019 10:11 pm

my eyes require readers at different strengths....nor huge but enough so....I buy two pairs of ready readers at £2 ish from aldi or home bargains one at +2.5 and one at +3 and swap one lens over

jobs a good un.

only use for computer,, see the problem I have is this

my "good (read expensive) glasses are dual focus for reading and a bit to sharpen up distance ..needed when shooting or driving now thats fine the reading bit is great for close work out to say 18 inches and the distance bit is good for about 4 foot to infinity

but what about that bit from 18 inch to 4 foot??????? this is where my computer screen sits, where most of the machining (lathe, cnc machine, laser cutter/engraver, circular saw etc) I do is sitting etc so I build my own which nicely fill that gap , and incidentally where the greatest risk of being damaged/scratched etc is

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Post by nicko on Fri Mar 08, 2019 6:24 am

I don't need Glasses for distance , I get my reading glasses from Poundland !
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