LensCrafters
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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 (which has since merged with Essilor to form EssilorLuxottica),<ref>Template:Cite news</ref> the largest eyewear company in the world, since 1995.<ref>"At LensCrafters selling candor and designer frames", New York Times (April 16, 2006).</ref><ref name="purchase2">Template:Cite news</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>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
HistoryEdit
LensCrafters was founded in March 1983 by E. Dean Butler, who had been a manager with Procter & Gamble.<ref name=":0">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>Template:Cite news</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name=":1">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> 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.<ref name=":0" />
LensCrafters achieved sales of $2 million in its first year of operation<ref name=":2">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> before Butler sold the company to the United States Shoe Corporation in 1984.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref name=":1" /> Butler remained as LensCrafters' CEO until 1988.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>
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.<ref name="lens crafters">Template:Cite encyclopedia</ref>
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">Template:Cite news</ref> Luxottica announced in April 1995, that it had reached an agreement to purchase U.S. Shoe for $1.4 billion.<ref name="purchase">Template:Cite news</ref>
Luxottica acquired Pearle Vision in 2004, combining the country's two largest eyewear retailers.<ref>Template:Cite news</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.