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 Analysis Chapter
The Opticians industry has changed markedly over the past ten years. The performance of industry operators has been influenced by the economic downturn and subsequent recovery, the rising prevalence of online retailing, growing health consciousness and increasing external competition from supermarkets and department stores.
The industry suffered during the downturn due to falling real disposable income, while at the same time supermarkets expanded aggressively into the opticians market, offering discount prices and longer opening hours. Consequently, customers flocked to take advantage of supermarkets' wide and cheap product ranges at the expense of high-street opticians. Tho.. purchase to read more