It started with a
post proclaiming my satisfaction with my new glasses -- eyeglasses I got at an excellent price, online. It's caused quite a stir, and opened up a whole lot of information that (if the email and comments I've received are true) has saved hundreds of people, hundreds of thousands of dollars (and made me a whole slew of new friends).
I never meant for this to consume me the way it has. I was shocked when I realized the extent of the markup on frames and lenses. I realize that this isn't the only industry with astonishing markups, but this is one that hit me close to home:
"As a retired Minneapolis optician I can tell you first hand that we bought our lenses in bulk and most single vision lenses cost less than $2.00 a pair, Bifocals and progressives cost us as much as $6.00 a pair. Frames ..Name brand, up to $10.00, same quality generics cost us much less. Online is the way I buy all of my eyewear, New glasses in under two weeks!"
Is the markup on certain other human necessities (I'm not talking about designer styles here) as high? Perhaps, but after getting email from retired optical professionals and insight into the thoughts and practices of some people currently in the industry:
"A pair of SV (single vision) stock poly Alize cost me $34, and carry a 2 year warranty. We sell 'em all day long for $199/pair, for a profit of $165/pair. Our capture rate for AR (anti-reflective coating) is about 90%. Also stock poly non coated, cost $6/pair and sell for $109...
Now show me the math where you can beat the $165 profit on a pair of SV (single vision) lenses. If you can, I'll still love you in the morning."
I couldn't let it go -- and I'm really glad I didn't. Head to the mall. Ask for some prices, you'll see that this is the rule rather than the exception.
It's making an impact. As the volume of forum posts, reviews, and "thank you notes" (I love reading these over my oatmeal each morning) increases, the volume of angry anonymous posts and email from optometrists increases as well. We're starting to show up on corporate bottom lines.
Luxottica is the 900-pound gorilla in the optical industry, controlling huge chunks of the market from design, production, sales and even the insurance side -- and they're being allowed to swallow more and more companies working towards their monopoly.
So, after being screwed for years by this industry (and seeing it ramp up aggressively on the greed) I decided it was time to help find alternatives rather than contribute to it any longer.
Realistically though, the response I got initially (and continue to get) from all of you has been my fuel. I really appreciate it and will continue to try to gather the information we need to make the best decisions.
Thanks!
Ira