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Luxottica Group SpA Message Board

  • bitbit1 bitbit1 Apr 26, 2008 3:17 PM Flag

    Lasik out....eyeglasses in

    Anybody see the Wallstreet Weekend article re: eyeframe wear being a fashion item again. Combine this with the recent downturn in Lasik being adversely impacted as an elective procedure and renewed FDA inquiries and I believe the market factors and size of LUX retail operations bodes well. Anybody have any thoughts on this?

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    • I think LUX is in a stable market. The statistic for the % of Americans who opted for Lasik is still rather small (<10%?). For the rest of us who don't want to tempt fate (Lasik is still surgery!), glasses and contacts are just a necessary expense. I would post 2 arguments for LUX: (1) we have an aging population that will need more expensive lenses (bifocals) and have the money to spend on brand name frames and (2) stable indirect revenue stream - healthcare benefits - those covered by healthcare policies are more likely to use the policies' benefits and get new glasses/leverage the benefits for more expenisve/brand name frames.

      I wouldn't call eyewear a growth industry by any means, but it it seems like a relatively stable industry.

    • You are kidding right?

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