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Showing Original Post only (View all)Sticker shock: Why are glasses so expensive? [View all]
http://www.cbsnews.com/8301-18560_162-57527151/sticker-shock-why-are-glasses-so-expensive/October 7, 2012 7:40 PM
Sticker shock: Why are glasses so expensive?
Have you bought a pair of glasses lately? Bet your eyes popped when you saw the price tag. If you don't go to places like Walmart or Costco, you could easily be spending hundreds and hundreds of dollars for a pair that cost $30 10 years ago. Talk about sticker shock.
And it's not as though things have changed that much: they're still made of a couple of pieces of plastic or wire, some screws and glass. Why should a pair of glasses cost more than an iPad? Well one answer is because one company controls a big chunk of the business.
Never has there been so much choice: Ray-Bans, Oakleys, glasses for running, and skiing, and even reading. A staggering variety of colors and designers. You'd think the competition would force the prices down.
One reason it hasn't is a little known but very big Italian company called Luxottica. If you own a nice pair of specs or shades, they're probably theirs. Luxottica is the biggest eyewear company on earth. It shuns publicity, but CEO Andrea Guerra invited us in for a look. And it was eye-opening. ...
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There are many inexpensive online eyeglasses made in China. I bought a couple of them. Work great
JackN415
Oct 2012
#33
Sears optical is not owned by Luxotica, but they run both Sears and Target's optical business.
Fla Dem
Oct 2012
#61
There are three words you can put in front of anything and the price will at least quadruple.
mick063
Oct 2012
#40
i used to get mine in bangkok...$8-12 cash for tests, lenses and frames. crazy, eh?
DonRedwood
Oct 2012
#53