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EssilorLuxottica Reports Revenue Down 10% for First Quarter

EssilorLuxottica today announced that consolidated revenue for the first quarter of 2020 totalled Euro 3,784 million, representing a year-on-year decline of 10.1% compared to Q1 2019 revenue, revealing good resistance in the current unprecedented global crisis.

“The market is going through an unprecedented crisis and we have answered the call as a leader with a responsibility to everyone whose lives we touch. Leading by example during the COVID-19 pandemic, we are working hard to keep our employees and their families safe, provide essential vision care for emergency workers on the front lines and do our part to support the customers and partners who make up the lifeblood of our business.

While we are adapting the organization for the few months ahead, early experience from the first countries to open is encouraging. When the crisis fades, the resilient demand for better vision will be visible again and we will be ready to serve it.

The digitally powered network that we have worked hard to build, connecting more than 400,000 optical stores and labs, can now guarantee the best support to our customers and an open door for all consumers even in the most difficult times.

This combination of social and business leadership will strongly help EssilorLuxottica and the entire industry when a wider recovery materializes. Until then, we continue to sharpen our digital assets, feed our consumers’ love for brands and build on our talents”, commented Francesco Milleri, CEO and Deputy Chairman of Luxottica, and Paul du Saillant, CEO of Essilor.

Click HERE for the full press release.

Claudia Alan’s Brackendale Exudes Strength

Men, AYA has you covered! The Brackendale is an oversized rimless metal frame
with acetate temples and tips. This stylish frame features a stunning Triple Eagle
design by Corrine Hunt – a renown First Nations artist from BC – and an elegant
silver detail on temple. It also has a spring hinge and rocking nose pads for
added comfort.

Distributed by: www.claudiaalan.com

Etnia Barcelona Offers Financing Plans for Customers During COVID-19 Crisis

David Pellicer, founder of Etnia Barcelona, the Spanish eyewear brand, is tackling the global crisis head-on with a protective attitude towards his team, customers and the Etnia Barcelona Fundación.

Etnia Barcelona’s priorities are to unconditionally defend human capital and to support their customers by continuing to provide all their services. As a primary measure, Etnia Barcelona has expanded their financing plans to allow more flexibility for missing, delayed and early payments.

Etnia Barcelona Foundation is working on a post-COVID-19 project to distribute 150,000 pairs of glasses to optical stores so that they can help struggling families in their area.

As for health-related measures, Etnia is doing everything necessary, ensuring that their facilities and collections are constantly disinfected. Hygiene, protection and disinfection of materials is key.

Digital tools have been maximized. Since day zero, 90% of the Etnia Barcelona team was able to work remotely thanks to Teams software. Advanced digital tools give shoppers a quality customer experience. Etnia has implemented the virtual fitting room in the Extranet to optimize the experience and have activated chat to provide real-time service.   

The company has created Drive to Store, which diverts sales from Etnia’s websites to the optical store point-of-sale, thereby encouraging traffic and sales at their trade customers’ outlets. Starting in September, Etnia Barcelona eyewear will contain a unique code that increases the traceability of the glasses and allows for a greater control of distribution to authorized points. This will also allow for the warranty to be activated at the optical store at the time of sale.

The second initiative is the Responsibility project. Etnia Barcelona frames are made of natural acetate and the lenses are made of mineral glass. The company is removing all plastic from their packaging and replacing it with sustainable materials.

The third project is to co-locate the Barcelona Production plant within their Headquarters, over 6 floors and covering over 6,000 sq. meters. Manufacturing will be co-located with the entire design and industrialization team, along with the other company departments. This move will enable faster innovation and streamline the customized capsules and collections for optical store customers.

Click HERE for the full press release.

COVID-19 Crisis: Change is Our New Challenge

By Andrea Mieryzski, OD

For most of us, we have already weathered 5 to 6 weeks of office closure or we are open only for urgent care cases. Many of us are also trying to virtually triage and manage our patients.

For all of us we are facing uncertainty financially, emotionally and with respect to how to come back. We also worry about maintaining a connection with our patients to be there for them but also to make sure the steps we take now ensure that we retain their loyalty to our businesses.

We have undoubtedly listened to a fair number of webinars about navigating this crisis put on by experts in public health, regulatory bodies and our colleagues. We are in a unique position of being isolated at home but having the advantage to make sure we use our time wisely to be prepared for coming back in a new world. There are crisis management checklists available from some of your member groups and they can be used as a framework to get you started on a good management plan. 

Setting Priorities with Staff

The immediate issues of appropriate office closure steps, staffing and employment changes as well as ongoing communication with staff and patients have most likely already been addressed but take the time to modify them in keeping with this ever-changing situation. Financial considerations like payment deferrals, loans, subsidies, legal and accounting advice should already be part of your checklist.

By now, we all know that we are looking at a phased reopening with extreme caution to avoid spikes and the dreaded second wave. In some provinces, with curve flattening and few new infections, announcements have been made that they are about 2 weeks away from a cautious reopening.  

It is critical to use this time to preplan your opening. Many hospitals and clinics are going to be resuming operations running at 25-30 percent capacity, at least initially. Consider only having essential staff in the first few weeks or if you decide to expand your days or hours to accommodate as many patients as safely possible, consider split shifts to maintain social distancing.

Look at the strengths of your staff members. In this post pandemic world, you may need to have a designated social media staff member to promote your business, someone to manage your new virtual visits or a staff member to assist in setting up and/or managing your online store if you don’t already have that option. Good staff are so important to your office and if you have a great team already, do what you can to keep them on your payroll. Consider all avenues of government support programs to retain them and perhaps provide specialized training in new areas that your practice needs to develop in this ever-increasing digital world.  This will not only increase their loyalty to your practice but can result in increased per patient revenue.

Tele-medicine is Here to Stay

One way to alleviate the backlog of patients and increase capacity now and for reopening, would be to use tele-optometry visits to assist patients with minor concerns, thereby avoiding the risk of coming in person to the office and shortening the wait list for more urgent cases. In the present moment, many are still discussing how to set up tele-optometry platforms in their practices. The majority of optometrists have never offered this service before the pandemic and are now intent on incorporating this as the new normal into their practices.

There are tele-optometry codes in only a few provinces, but this will likely be expanding.   Providers of Telehealth can submit claims for virtual services. This works with the majority of patients with private health insurance plans. Check your College guidelines and standards for details of how and when to provide virtual services to patients. 

Check out telushealth.com/eclaimsvirtualservices for more information.  Watch their presentation, review their FAQs and see a list of insurers currently accepting claims for services rendered virtually.

There are multiple OD-to-patient platforms to consider as well as making sure your consent to treat virtually is robust and PIPEDA compliant. You also have the option of doing a video or telephone call with your patient using your own EMR and avoid the learning curve of a new platform.

COVID is here and this is our new normal. If you are already successful with your existing virtual care modality, take the time to focus on your strategic reopening plan. Some member associations have already released return to work guidelines while others are pending. Take the time to thoroughly train your staff on proper PPE use. There are fact sheets and videos available on government public health websites that are excellent. Revisit your protocols regularly, make improvements remembering that guidelines are fluid and optometrists and other health care providers must do their due diligence and stay current. 

Embrace social media and use it to let patients know they can reach you outside of an actual bricks and mortar encounter. Telemedicine is here to stay.  It will keep vulnerable and non-urgent patients out of your office space, safe, cared for and increase your capacity to serve all your patients under the current restrictions. Educate yourself, change your delivery model, you have time, use it wisely.

A Frame for Each Athlete

Jean-François Venne, Optik Magazine’s contributor, spoke with three big players in the sports sunglass industry as well as with Neurodynamic Vision. Here is his preview of new products from Julbo, Smith Optics and Oakley, just in time for the spring-summer season.

Julbo :

Julbo, Island

Since the brand was launched in 1888, Julbo, distributed in Canada by Lanctôt, has had ample time to develop its expertise in sports and outdoor eyewear.

EVAD-1 smart frames are their latest innovation. Information such as heart rate, speed, distance travelled, etc. is displayed directly in the field of vision, with MicroOled’s ActiveLook technology. Bluetooth enables the frame to connect with various apps that provide the biometric data. EVAD-1 smart frames are equipped with Reactiv photochromic lenses. These smart frames will be available for purchase in Canada in 2021.

For high performance eyewear, Julbo offers NXT photochromic lenses, made from Trivex. The photochromic pigmentation is produced by casting at moderate temperature and integrated directly into the lenses. Julbo is also one of the rare companies that offers category 4 lenses, such as Spectron 4, which filters 95% of visible light.

Smith Optics:

Smith, Guide’s Choice

Since it was founded in 1965, Smith Optics has been a must-have brand when it comes to sports sunglasses. The brand has become widely known for introducing the first interchangeable lens system for sunglasses and snow goggles and for innovating with ventilation systems.

The propietary ChromaPop™ polarized lens technology improves the perception of colours. Smith Optics offers many types of materials, based on impact resistance and clarity requirements. Elite lenses are MilSpec (Military Specification) certified and provide the best protection against impact, while the ChromaPop+ polarized lenses provide the most clarity.

The Attack collection features MAG interchangeable technology, which enables the wearer to quickly swap various types of ChromaPop lenses to adapt to light conditions. The Guide’s Choice model features wide temples and an aggressive wrap for side protection from the sun and are equipped with ChromaPop+ lenses.

Oakley:

Oakley, Sutro

Oakley, distributed in Canada by Luxottica, launched its Sutro Eyeshade frames, inspired by an iconic 1980s model, in February 2020 which are shaped in the form of a mask. The top of the lens is pierced with circular venting ports in the same way as the Eyeshade was in the 1980s. Unobtainium® nose pads prevent the frame from slipping.

The Prizm Snow lens accentuates cyan and reds, which are colours that are the most detectable against snow. Prizm Golf accentuates green and brown, while Prizm Road sharpens whites and enhances yellows, greens and reds, helping riders spot changes in the texture of the road and avoid hazards.

Continuing to Evolve

For Warren Modlin, CEO of Neurodynamic Vision in California, the approach to vision in the sports industry should evolve over the next few years. He recalled that we generally measure visual acuity by sitting a person on a bench and asking them to identify white letters on a black background. Yet, these are not the conditions in which athletes develop. But, the use of certain visual functions varies from one sport to another. A tennis or baseball player will rely heavily on following the ball with their eyes, while a soccer or basketball player must quickly recognize formations.

Find out what materials Modlin expects could replace polycarbonate in high performance lenses by clicking HERE to read the full article.

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