LensCrafters: Difference between revisions

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imported>Largoplazo
Reverted 1 edit by Annearchist (talk): I'm not sure it works like this. If its HQ is in the US, it's an American company, even if at the moment it's 100% owned by an Italian company.
 
imported>Trivialist
Copyedit (minor)
 
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| num_locations = 1,158
| num_locations = 1,158
| products = [[Eyewear]], [[glasses]], [[sunglasses]]
| products = [[Eyewear]], [[glasses]], [[sunglasses]]
| homepage = {{url|https://www.lenscrafters.com}}
| homepage = {{official URL}}
}}
}}
[[Image:LensCrafters in CF Sherway Gardens 2023.jpg|thumb|257px|right|LensCrafters Optique store in [[Sherway Gardens]], [[Toronto]], Canada]]
[[Image:LensCrafters in CF Sherway Gardens 2023.jpg|thumb|257px|right|LensCrafters Optique store in [[Sherway Gardens]], [[Toronto]], Canada]]
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'''LensCrafters''' is an international retailer of [[glasses|prescription eyewear]] and prescription [[sunglasses]]. Its stores usually host independent [[optometrist]]s on-site or in an adjacent store. The company has its corporate headquarters in [[Mason, Ohio]], a suburb of [[Cincinnati]] in the US.
'''LensCrafters''' is an international retailer of [[glasses|prescription eyewear]] and prescription [[sunglasses]]. Its stores usually host independent [[optometrist]]s on-site or in an adjacent store. The company has its corporate headquarters in [[Mason, Ohio]], a suburb of [[Cincinnati]] in the US.


LensCrafters has been a wholly owned subsidiary of [[Luxottica]] (which has since merged with [[Essilor]] to form [[EssilorLuxottica]]),<ref>{{Cite news |date=2017-01-15 |title=Essilor to Buy Ray-Ban Maker Luxottica for About $24 Billion |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2017-01-15/luxottica-essilor-agree-to-50-billion-euro-merger-ft-reports |access-date=2023-08-14}}</ref> the largest eyewear company in the world, since 1995.<ref>[https://query.nytimes.com/gst/fullpage.html?res=9E0DE0D9163FF936A25757C0A9609C8B63 "At LensCrafters selling candor and designer frames"], ''[[New York Times]]'' (April 16, 2006).</ref><ref name="purchase2">{{cite news|url=https://www.latimes.com/archives/la-xpm-1995-04-17-fi-55620-story.html|title=U.S. Shoe Agrees to $1.3-Billion Takeover Offer|date=April 17, 1995|newspaper=[[LA Times]]|access-date=September 15, 2018}}</ref> At the end of 2018, Luxottica operated 1,158 LensCrafters stores, of which 1,050 are located in North America and 108 are located in China, [[Hong Kong]] and India.<ref>{{Cite web|url=http://www.luxottica.com/sites/luxottica.com/files/luxottica_group_relazione_finanziaria_annuale_2018_eng_20190410.pdf|title=Luxottica Annual Report 2018|date=2019-04-10|website=Luxottica|access-date=2019-06-18}}</ref>
LensCrafters has been a wholly owned subsidiary of [[Luxottica]] (now part of [[EssilorLuxottica]]),<ref>{{Cite news |date=2017-01-15 |title=Essilor to Buy Ray-Ban Maker Luxottica for About $24 Billion |language=en |work=Bloomberg.com |url=https://www.bloomberg.com/news/articles/2017-01-15/luxottica-essilor-agree-to-50-billion-euro-merger-ft-reports |access-date=2023-08-14}}</ref> the largest eyewear company in the world) since 1995.<ref>[https://query.nytimes.com/gst/fullpage.html?res=9E0DE0D9163FF936A25757C0A9609C8B63 "At LensCrafters selling candor and designer frames"], ''[[New York Times]]'' (April 16, 2006).</ref><ref name="purchase2">{{cite news|url=https://www.latimes.com/archives/la-xpm-1995-04-17-fi-55620-story.html|title=U.S. Shoe Agrees to $1.3-Billion Takeover Offer|date=April 17, 1995|newspaper=[[LA Times]]|access-date=September 15, 2018}}</ref> At the end of 2018, Luxottica operated 1,158 LensCrafters stores, of which 1,050 are located in North America and 108 are located in China, [[Hong Kong]] and India.<ref>{{Cite web|url=http://www.luxottica.com/sites/luxottica.com/files/luxottica_group_relazione_finanziaria_annuale_2018_eng_20190410.pdf|title=Luxottica Annual Report 2018|date=2019-04-10|website=Luxottica|access-date=2019-06-18}}</ref>


== History ==
== History ==
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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.<ref name=":1" />
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.<ref name=":1" />


In 1995, Luxottica launched a hostile takeover attempt of [[United States Shoe CorporationU.S. Shoe]], with the goal of acquiring LensCrafters.<ref name="hostile">{{cite news | url=https://www.courant.com/1995/03/31/us-shoe-luxottica-courting-shareholders-in-takeover-battle/ | title= U.S. Shoe, Luxottica Courting Shareholders In Takeover Battle |work=[[Hartford Courant]] | date= March 31, 1995 | access-date=January 3, 2018}}</ref> Luxottica announced in April 1995, that it had reached an agreement to purchase U.S. Shoe for $1.4 billion.<ref name="purchase">{{cite news | url=https://www.nytimes.com/1995/04/18/business/luxottica-to-acquire-us-shoe-for-1.4-billion.html | title= Luxottica to Acquire U.S. Shoe for $1.4 Billion |work=[[The New York Times]] | date= April 18, 1995 | accessdate=September 15, 2018}}</ref>
In 1995, Luxottica launched a hostile takeover attempt of [[United States Shoe Corporation|U.S. Shoe]], with the goal of acquiring LensCrafters.<ref name="hostile">{{cite news | url=https://www.courant.com/1995/03/31/us-shoe-luxottica-courting-shareholders-in-takeover-battle/ | title= U.S. Shoe, Luxottica Courting Shareholders In Takeover Battle |work=[[Hartford Courant]] | date= March 31, 1995 | access-date=January 3, 2018}}</ref> Luxottica announced in April 1995, that it had reached an agreement to purchase U.S. Shoe for $1.4 billion.<ref name="purchase">{{cite news | url=https://www.nytimes.com/1995/04/18/business/luxottica-to-acquire-us-shoe-for-1.4-billion.html | title= Luxottica to Acquire U.S. Shoe for $1.4 Billion |work=[[The New York Times]] | date= April 18, 1995 | accessdate=September 15, 2018}}</ref>


Luxottica acquired Pearle Vision in 2004, combining the country's two largest eyewear retailers.<ref>{{Cite news|url=https://www.wsj.com/articles/SB107510259331511463|title=Italy's Luxottica Agrees to Pay $441 Million for Cole National|last1=Emsden|first1=Christopher |last2=Rohwedder |first2=Cecilie |website=[[The Wall Street Journal]] |date=27 January 2004 |language=en-US|access-date=2019-06-18}}</ref> Though most locations can still provide glasses and frames same-day, that line of business has become de-emphasized over time for the luxury market.
Luxottica acquired Pearle Vision in 2004, combining the country's two largest eyewear retailers.<ref>{{Cite news|url=https://www.wsj.com/articles/SB107510259331511463|title=Italy's Luxottica Agrees to Pay $441 Million for Cole National|last1=Emsden|first1=Christopher |last2=Rohwedder |first2=Cecilie |website=[[The Wall Street Journal]] |date=27 January 2004 |language=en-US|access-date=2019-06-18}}</ref> Though most locations can still provide glasses and frames same-day, that line of business has become de-emphasized over time for the luxury market.

Latest revision as of 17:37, 26 October 2025

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File:LensCrafters in CF Sherway Gardens 2023.jpg
LensCrafters Optique store in Sherway Gardens, Toronto, Canada
File:LensCrafters Optique store Ann Arbor.JPG
LensCrafters Optique store in Ann Arbor, MI

LensCrafters is an international retailer of prescription eyewear and prescription sunglasses. Its stores usually host independent optometrists on-site or in an adjacent store. The company has its corporate headquarters in Mason, Ohio, a suburb of Cincinnati in the US.

LensCrafters has been a wholly owned subsidiary of Luxottica (now part of EssilorLuxottica),[1] the largest eyewear company in the world) since 1995.[2][3] At the end of 2018, Luxottica operated 1,158 LensCrafters stores, of which 1,050 are located in North America and 108 are located in China, Hong Kong and India.[4]

History

LensCrafters was founded in March 1983 by E. Dean Butler, who had been a manager with Procter & Gamble.[5][6][7][8] Butler first developed the idea for a "while you wait" eyeglass retailer after helping a Procter & Gamble colleague produce television commercials for a family optical business in the late 1970s.[5]

LensCrafters achieved sales of $2 million in its first year of operation[9] before Butler sold the company to the United States Shoe Corporation in 1984.[10][8] Butler remained as LensCrafters' CEO until 1988.[11]

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]

In 1995, Luxottica launched a hostile takeover attempt of U.S. Shoe, with the goal of acquiring LensCrafters.[13] Luxottica announced in April 1995, that it had reached an agreement to purchase U.S. Shoe for $1.4 billion.[14]

Luxottica acquired Pearle Vision in 2004, combining the country's two largest eyewear retailers.[15] Though most locations can still provide glasses and frames same-day, that line of business has become de-emphasized over time for the luxury market.

References

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  1. ↑ Script error: No such module "citation/CS1".
  2. ↑ "At LensCrafters selling candor and designer frames", New York Times (April 16, 2006).
  3. ↑ Script error: No such module "citation/CS1".
  4. ↑ Script error: No such module "citation/CS1".
  5. ↑ a b Script error: No such module "citation/CS1".
  6. ↑ Script error: No such module "citation/CS1".
  7. ↑ Script error: No such module "citation/CS1".
  8. ↑ a b c Script error: No such module "citation/CS1".
  9. ↑ Script error: No such module "citation/CS1".
  10. ↑ Script error: No such module "citation/CS1".
  11. ↑ Script error: No such module "citation/CS1".
  12. ↑ Script error: No such module "citation/CS1".
  13. ↑ Script error: No such module "citation/CS1".
  14. ↑ Script error: No such module "citation/CS1".
  15. ↑ Script error: No such module "citation/CS1".

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External links

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  • Script error: No such module "Official website".Script error: No such module "Check for unknown parameters".

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