Industry Analysis & Industry Trends
Operators in the Opticians industry fit and sell frames and prescription lenses, contact lenses and other eyewear accessories, and provide eye tests for consumers. The industry has exhibited relatively subdued performance over the past five years, with revenue contracting significantly in 2011-12 due to falling disposable income levels and weakening consumer demand at the start of the period. The emergence of new external competition from supermarkets such as Tesco and Asda has put growing pressure on the already saturated market for corrective lenses. The ‘special offer' culture in which operators and competitors alike discount heavily in order to attract customers has become common on the high street, placing enormous pressure on profit margins... purchase to read more
Industry Report - Industry Investment Chapter
The Opticians industry has a low level of capital intensity. Wages are estimated to absorb 26.2% of revenue in 2016-17, while depreciation is expected to account for 1.7% of revenue. Therefore, for every £1.00 operators spend on capital, they typically spend £15.39 on wages. Most of the services that operators provide are carried out by people. Operators must hire qualified opticians and one must be present in order for the store to be able to fit glasses and lenses as prescribed.
Firms may also choose to hire optometrists who are trained to recognise, manage and treat eye abnormalities and some eye diseases. However, the majority of employees are general sales assistants that help customers choose the correct frame and assist the sales process. Cap.. purchase to read more