{"id":18736,"date":"2015-10-17T12:54:56","date_gmt":"2015-10-17T16:54:56","guid":{"rendered":"http:\/\/basicallybeyondbasic.com\/?p=18736"},"modified":"2021-05-29T17:12:24","modified_gmt":"2021-05-29T21:12:24","slug":"do-you-ever-wonder-why-glasses-are-so-expensive","status":"publish","type":"post","link":"https:\/\/www.therockysafari.com\/2015\/10\/17\/do-you-ever-wonder-why-glasses-are-so-expensive\/","title":{"rendered":"Do You Ever Wonder Why Glasses Are So Expensive?"},"content":{"rendered":"

Have you gone shopping for glasses recently? Have you looked at the prices? While shopping for new frames this summer,\u00a0I couldn’t help but notice the insanely high sticker price on almost every pair\u00a0of glasses\u00a0I picked up. It didn’t matter what brand I looked at or what shop\u00a0I went to. It was all the same. “Why are these pieces of plastic and wire so expensive?” I asked myself.<\/strong><\/p>\n

\"\"<\/p>\n

What I discovered after doing some research completely blew my mind<\/strong>.<\/p>\n

Stop and think about this.\u00a0Why should a simple pair of glasses<\/em> cost more than an iPad, a Kindle, or a Chromebook? Why do we pay so much money for the same glasses that were priced\u00a0significantly lower<\/span> just\u00a020-30 years ago?<\/p>\n

I think the\u00a0answer is incredible.<\/p>\n

Logically, you\u00a0would think the vast competition<\/span> between different designers and brands would drive the price of glasses down<\/strong>. One\u00a0reason that\u00a0hasn’t happened\u00a0is because of a\u00a0huge\u00a0and mostly-unrecognized\u00a0Italian brand called Luxottica<\/strong>.<\/p>\n

\"\"<\/p>\n

 <\/p>\n

If you own a nice pair of glasses, they are probably theirs. In fact, more than half a billion people are wearing Luxottica’s glasses right now<\/span>.<\/p>\n

Luxottica revolutionized how we\u00a0‘see’ glasses. Not too long ago, glasses were perceived as uncool<\/em>. It was Luxottica who made wearing glasses fashionable by partnering themselves\u00a0with well-known brands like Prada, Chanel, Dolce and Gabbana, Versace, Burberry, Ralph Lauren, Tiffany & Co., and Bvlgary<\/strong>. They even started calling glasses “eyewear” to change the perception.<\/p>\n

\"\"
(Licensed Brands [Excludes in-house Brands])<\/figcaption><\/figure>Once glasses became more like\u00a0jewelry,\u00a0Luxottica could charge whatever they wanted. Their\u00a0CEO tried to justify\u00a0the\u00a0high prices by describing their glasses as, “100% functional. 100% aesthetical.”\u00a0While\u00a0Luxottica does\u00a0not reveal their\u00a0markup, we know their glasses sell for up to 20 times more than the\u00a0price of manufacturing.<\/p>\n

If you knew your Burberry glasses were actually designed by\u00a0Luxottica would that change the way you look at\u00a0them?<\/strong> Luxottica does not use their name on any<\/strong> of their glasses even though they design them all! When Luxottica’s CEO was asked\u00a0if they are\u00a0trying to hide the company’s name, he responded, “Hiding it? No, not at all! We’re listed.”<\/p>\n

Yes. Listed on the New York Stock Exchange where Luxottica shares are soaring.<\/p>\n

\"\"
(Source: www.marketdailynews.com)<\/figcaption><\/figure>\n

The company brought in over 8 billion dollars in 2011 and has done better and\u00a0better since then. Their biggest money-maker isn’t even one of the fashion-labels I mentioned before! It’s a brand they outright own: Ray-Ban<\/strong>!\u00a0Luxottica bought Ray-Ban in 1999 and took their glasses off the market for about a\u00a0year. Before the buyout, a pair of Ray-Bans sold for maybe $20.00. After reducing their supply and making\u00a0them “upscale,” a\u00a0pair of Ray-Bans\u00a0can now sell for\u00a0$150.00 or more!<\/p>\n

Most consumers believe\u00a0when they buy a pair of Ray-Bans that they are buying an American brand. But is it? Luxottica says, “It is an American brand. It’s an American brand owned\u00a0by Italians.”<\/p>\n

\"\"
How “genuine” is it?<\/figcaption><\/figure>\n

In the early 2000s, there was a dispute between\u00a0Luxottica and Oakley- another big\u00a0brand. When the two companies could not reach an agreement on pricing,\u00a0Luxottica stopped carrying Oakley glasses in their stores. Unable to reach the consumer, Oakley’s stock crashed and\u00a0Luxottica bought them in 2007. “Life is better together,” Luxottica explained.<\/p>\n

\"\"<\/p>\n

This means\u00a0Luxottica now owns the top two premium sunglass brands in the world: Ray-Ban and Oakley.<\/strong><\/p>\n

Luxottica also owns\u00a0LensCrafters<\/strong>: the largest eyewear retail chain in North America<\/span>. So now they\u00a0can make them AND<\/span> sell them! Oh and don’t think this means the consumer gets a discount for buying\u00a0Luxottica-made glasses at\u00a0Luxottica-owned stores. There’s essentially no competition because Luxottica also own Pearl Vision, Oliver Peoples, Target Optical<\/strong>, Sears Optical<\/strong>, and Sunglass Hut<\/strong><\/span>: the largest sunglass chain in the world<\/span>.<\/p>\n

\"\"<\/p>\n

\"\"<\/p>\n

If you’re wondering why insurance companies covering vision don’t complain about this, it’s because Luxottica owns them too<\/strong>! They own the Eye-Med<\/strong>: the nations second largest vision care plan<\/span>.<\/p>\n

\"\"<\/p>\n

The appearance of variety in the eyeglass market is a complete illusion<\/strong><\/span>.<\/p>\n

Am I the only person who is shocked by this information? I had\u00a0NEVER heard of Luxottica until I found all of\u00a0this information after buying my new pair of “Versace<\/a>” glasses. It’s a monopoly I had no idea about<\/span>. I personally feel like it’s so sneaky and deceiving to make it “appear” like\u00a0consumers have\u00a0all of these choices and options when it’s really all coming from ONE\u00a0company. It’s concerning to think about how much power they have.<\/p>\n

How do you feel about this?<\/p>\n","protected":false},"excerpt":{"rendered":"

Have you gone shopping for glasses recently? Have you looked at the prices? While shopping for new frames this summer,\u00a0I …<\/p>\n","protected":false},"author":1,"featured_media":18756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[1586,5925],"yoast_head":"\nDo You Ever Wonder Why Glasses Are So Expensive? | The Rocky Safari<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.therockysafari.com\/2015\/10\/17\/do-you-ever-wonder-why-glasses-are-so-expensive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do You Ever Wonder Why Glasses Are So Expensive? | The Rocky Safari\" \/>\n<meta property=\"og:description\" content=\"Have you gone shopping for glasses recently? 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Have you looked at the prices? While shopping for new frames this summer,\u00a0I …","_links":{"self":[{"href":"https:\/\/www.therockysafari.com\/wp-json\/wp\/v2\/posts\/18736"}],"collection":[{"href":"https:\/\/www.therockysafari.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.therockysafari.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.therockysafari.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.therockysafari.com\/wp-json\/wp\/v2\/comments?post=18736"}],"version-history":[{"count":0,"href":"https:\/\/www.therockysafari.com\/wp-json\/wp\/v2\/posts\/18736\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.therockysafari.com\/wp-json\/wp\/v2\/media\/18756"}],"wp:attachment":[{"href":"https:\/\/www.therockysafari.com\/wp-json\/wp\/v2\/media?parent=18736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.therockysafari.com\/wp-json\/wp\/v2\/categories?post=18736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.therockysafari.com\/wp-json\/wp\/v2\/tags?post=18736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}