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KITS: Good Growth, Solid Unit Economics, Aligned Management
Matt Koranda, (949) 720-7119 [email protected] Gustavo Gala, (949) 720-7116 [email protected] Sales (800) 933-6830, Trading (800) 933-6820 COMPANY NOTE | EQUITY RESEARCH | February 16, 2021 Consumer: DTC & Disruptors Initiation of Coverage Kits Eyecare Ltd. | KITS.TO - C$8.13 - TSX | Buy Stock Data 52-Week Low - High C$7.55 - C$10.20 KITS: Good Growth, Solid Unit Economics, Shares Out. (mil) 31.00 Aligned Management; Initiate at Buy Mkt. Cap.(mil) C$252.03 3-Mo. Avg. Vol. NA With its digital-first approach to selling contacts and prescription glasses/ 12-Mo.Price Target C$13.00 sunglasses, we see a long runway of growth ahead as Kits capitalizes on a Cash (mil) C$43.2 steady shift of the USD $35bn North American eyewear market into online Tot. Debt (mil) C$11.0 channels (only 13% sold online in 2021, under-penetrated vs. most consumer Revenue (C$ millions) categories). We like Kits' dual-pronged strategy of converting customers into high-visibility auto-ship programs while driving glasses growth, as these Yr Dec —2020— —2021E— —2022E— improve customer-level profitability. Moreover, management has a track- Curr Curr 1Q NA 22.5E 32.4E record of success and owns ~70% of shares. 2Q NA 32.1E 45.3E ■ 3Q 20.2A 31.8E 44.9E We initiate coverage on Kits Eyecare at Buy with a $13 PT. Kits 4Q 19.6A 30.6E 41.2E offers vision testing, prescription renewals, and products such as contact YEAR 74.5A 116.9E 163.9E lenses and eyeglasses through its website, kits.com. -
Group Vision Plans Simplicity That Makes You Smile
1 Group Vision Plans Simplicity that makes you smile. Last updated 09/2018 On our quest to keep benefits outstanding and simple, we are also looking for easy ways for our brokers to enhance their business too. That’s why we offer a variety of uncomplicated vision plans. Vision plans that are effortless, highly valued and an easy way to enhance your client’s benefits package. They are quick to set up, take little administrative time and are painless to manage. So if you aren’t taking advantage of this simple way to expand your clientele, we think you should be. 01 Table of Contents 02 Why Dental Select 03 National Provider Access 04 Vision Health and Wellness 05 Financial Strength 06 Nationwide Availability 07 Dental Coverage 08 Online and On the Go Group Vision Plans 10 Vis-6 Vision Plan 11 Vis-8 Vision Plan 12 Vis-12 Vision Plan 13 Vis-21 Vision Plan 14 Vision Plan Comparison 15 Vision Plan Notes 16 Participation Requirements Vision Plan Forms 17 New Group Checklist 18 All Group Application 20 Employee Enrollment Form 22 Employee Change Form 27 Group EFT Authorization Form 28 Key Terms 29 FAQs 02 Why Dental Select? We know your clients will take notice of major retail brands like LensCrafters, Pearle Vision, JCPenney, Sears Optical, and Target Optical. Yeah, we’ve got all those. Plus, with the ability to order glasses and contacts online, your clients will easily see our commitment to service and simplicity. Day in and day out, our Dental Select family works hard to bring uncluttered, personable experiences and preferred benefits. -
Stacking up the Top 50 Optical Retailers COVER TOPIC
34 Stacking Up the Top 50 Optical Retailers COVER TOPIC Updated on 5/15/2019 VM’s Ranking Underscores Expansion Among the 10 Leading Players MARGE AXELRAD / SENIOR VP, EDITORIAL DIRECTOR AND MARK TOSH / SENIOR EDITOR U.S. Vision Care Market Mass (in millions) Merchants’ NEW YORK—New attitudes among consumers to- Top 50 Share Top 10 Share Share ward purchasing in general and the rise of digital $14,364.0* $12,561.7* $3,501.5* exploration and purchasing may have upended the general retail marketplace last year with many store closures and reorgs. But as the U.S. economy 40.2% 35.2% 9.8% held its own, the optical industry’s total sales rose just slightly and remained stable. It was new and continued private equity-driven investments in optical and optometric retail and solid organic sales growth from value-sector opti- Total 2018 Market: $35,725** cal retailers that reflected a higher dollar volume * VM Estimate ** Vision care products and services sold at optical retail locations. Source: VisionWatch | The Vision Council among the 50 U.S. Optical Retailers in Vision Mon- Data is from 12ME Dec. 2018 Continued on page 44 VM’s Top 50 Sales Concentration Grows Top 50 Retailers’ Sales (in millions) NEW YORK—There was a higher concentration of sales among the 2019 VM Top Mass Top 10 Share Merchants’ $12,561.7* 50 U.S. Optical Retailers, which assesses estimates of 12 months of calendar sales 24.4% Share 87.5% for the year ending Dec. 2018. The Top 10 optical retailers collectively comprise $3,501.5* 87.5 percent of the Top 50 U.S. -
DISCOUNTS & Savings to Help You and Your Family on Your Path to Wellness
for HMFP members DISCOUNTS & savings To help you and your family on your path to wellness These savings programs are not insurance products. Rather, they are discounts for programs and services designed to help keep members healthy and active. All programs subject to change without advance notice. • Visionworks: Get a free pair of prescription eyeglasses with Vision your covered routine eye exam.1 Also, save 40% on frames. • Vision discounts at popular locations: Save 35% on frames when you buy a complete pair of glasses. Save 20% on any frame or lens options purchased separately, or save 20% on other lens add- ons and services. Locations include: Target Optical, JC Penney Optical, Pearle Vision, Lenscrafters, In Style Optical and other EyeMed access network optical providers.2 • Harvard Vanguard Medical Associates: Save 40% on frames and 20% on prescription sunglasses. • Laser vision correction: Save up to 50% on procedures from Davis Vision, QualSight LASIK and US Laser Network locations in MA, ME, NH and CT. • Amplifon Hearing Health Care: Save on hearing services and save Hearing up to 50% on hearing aids. Plus, one year of follow-up services is included with purchase. Locations nationwide. • Flynn Associates: Save up to $200 per hearing aid, and get free quarterly cleanings, adjustments and more. • Speech-Language and Hearing Associates of Greater Boston, PC: Save up to $200 on each hearing aid purchase. Healthy • DASH for HealthTM: Save 50% on a six-month subscription for Eating this online program to help improve eating and exercise habits. • Eat Right Now: Save 25% on a subscription to this mindful eating app that combines neuroscience and mindfulness to reduce your craving-related eating by 40%. -
Read PDF Edition
REVIEW OF OPTOMETRY EARN 2 CE CREDITS: Positive Visual Phenomena—Etiologies Beyond the Eye, PAGE 58 ■ VOL. 155 NO. 1 January 15, 2018 www.reviewofoptometry.comwww.reviewofoptometry.com ■ ANNUAL CORNEA REPORT JANUARY 15, 2018 ■ CXL ■ EPITHELIAL DEFECTS How to Heal Persistent Epithelial Defects PAGE 38 ■ TRANSPLANTS Corneal Transplants: The OD’s Role PAGE 44 ■ INFILTRATES Diagnosing Corneal Infiltrative Disease PAGE 50 ■ POSITIVE VISUAL PHENOMENA CXL: Your Top 12 Questions —Answered! PAGE 30 001_ro0118_fc.indd 1 1/5/18 4:34 PM ĊčĞĉėĆęĊĉĆĒēĎĔęĎĈĒĊĒćėĆēĊċĔėĎēǦĔċċĎĈĊĕėĔĈĊĉĚėĊĘ ĊđĎĊċĎēĘĎČčę ċċĊĈęĎěĊ Ȉ 1 Ȉ 1 ĊđđǦęĔđĊėĆęĊĉ Ȉ Ȉ ĎĒĕđĊĎēǦĔċċĎĈĊĕėĔĈĊĉĚėĊ Ȉ Ȉ ĔēěĊēĎĊēę Ȉ͝ Ȉ Ȉ Ƭ 1 ǡ ǡǡǤ͚͙͘͜Ǥ Ȁ Ǥ ͚͙͘͜ǣ͘͘ǣ͘͘͘Ǧ͘͘͘ ĕĕđĎĈĆęĎĔēĘ Ȉ Ȉ Ȉ Ȉ Ȉ čĊĚėĎĔē̾ėĔĈĊĘĘ Ȉ Ȉ Katena — Your completecomplete resource forfor amniotic membrane pprocedurerocedure pproducts:roducts: Single use speculums Single use spears ͙͘͘ǡ͘͘͘ήĊĞĊĘęėĊĆęĊĉ Forceps ® ,#"EWB3FW XXXLBUFOBDPNr RO0118_Katena.indd 1 1/2/18 10:34 AM News Review VOL. 155 NO. 1 ■ JANUARY 15, 2018 IN THE NEWS Accelerated CXL Shows The FDA recently approved Luxturna (voretigene neparvovec-rzyl, Spark Promise—and Caution Therapeutics), a directly administered gene therapy that targets biallelic This new technology is already advancing, but not without RPE65 mutation-associated retinal dystrophy. The therapy is designed to some bumps in the road. deliver a normal copy of the gene to By Rebecca Hepp, Managing Editor retinal cells to restore vision loss. While the approval provides hope for patients, wo new studies highlight the resulted in infection—while tradi- the $425,000 per eye price tag stands as pros and cons of accelerated tional C-CXL has a reported inci- a signifi cant hurdle. -
Visioncare Plan
visioncare plan What to expect from your vision plan: Your eyesight is nothing to take for granted. It’s how we see a loved one’s face clearly or a beautiful sunset. But your sight can begin to deteriorate over a long period of time without your knowing there is a problem. No claims to file! As with any other important asset – like your home or car – wouldn’t you feel Just show your more at ease if you knew your routine eye care was covered by a company with VisionCare Plan decades experience helping people like you? With CompBenefits’ VisionCare ID card Plan, you can take advantage of coverage you need for eye examinations and eyeglasses or contacts. You can also choose to take advantage of VisionCare Plan’s deep discount for LASIK surgery. And you won’t have to hunt hard to find a doctor close to your home or work. The VisionCare Plan network includes some 14,000 ophthalmologist and optometrist locations – one third of all private practitioners in the country. Yet, it doesn’t mean you can’t see an out-of-network doctor because VisionCare Plan offers benefits in-network or out-of-network. It’s your choice. You’ll find what you need @ www.mycompbenefits.com CompBenefits has made understanding and accessing your VisionCare Plan benefits simple. Just take a few moments to register at www.mycompbenefits.com. SSVCP Orange County Sheriff’s Office Open your eyes to high-quality vision care! The average family spends close to $600 each year on routine eye health care. -
Case 1:21-Cv-06966 Document 1 Filed 08/18/21 Page 1 of 38
Case 1:21-cv-06966 Document 1 Filed 08/18/21 Page 1 of 38 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK 1-800 CONTACTS, INC. ) ) Plaintiff, ) ) v. ) Case No. ________________ ) JAND, INC. d/b/a WARBY PARKER ) ) Jury Trial Demanded Defendant. ) COMPLAINT Plaintiff 1-800 Contacts, Inc. (“1-800 Contacts”) makes the following allegations in support of its Complaint against Defendant JAND, Inc., d/b/a Warby Parker (“Warby Parker”): NATURE OF THE ACTION 1. This is an action to stop and remedy Defendant Warby Parker’s continuing trademark infringement, unfair competition, and deceptive advertising practices. Plaintiff 1-800 Contacts is a well-known pioneer in the online contact lens marketplace. Over the past three decades, 1-800 Contacts has expended hundreds of millions of dollars on advertising, marketing, and promotion to cultivate strong consumer recognition of its brand, services, and trademarks. 2. 1-800 Contacts’ investments and decades-long commitment to its customers has paid off, as the company now serves millions of customers. Indeed, between June 1, 2020, and June 30, 2021, alone, the 1800contacts.com website averaged more than 1.5 million unique visitors monthly. Case 1:21-cv-06966 Document 1 Filed 08/18/21 Page 2 of 38 3. 1-800 Contacts is an online—rather than a brick-and-mortar—retailer, so millions of customers and prospective customers reach 1-800 Contacts by navigating to the 1800contacts.com website. In an effort to navigate to its online store at the 1800contacts.com website, many consumers type “1800 Contacts,” “1 800 Contacts,” “1800contacts.com,” “1800contacts,” or other of 1-800 Contacts’ trademarks as search terms in search engines such as Google. -
Superior Vision New Product Flyer.Pub
NEW WHIT PRODUCT– SUPERIOR VISION Vision Plans offered by Superior Vision: 20 Years in Business AM Best Rating* A- Strength of the national Vision Network 48,000 providers nationwide Optometrists Ophthalmologists Opticians and Optical Chains Major Chain Stores Listed Below, but not limited to, please see website for full provider directory. America’s Best Contacts LensCrafters Taylor SVS Vision and Eyeglasses Nationwide Vision Crown Optical Schaeffer Eye Center Cohen's Fashion Optical Pearle Vision Dr. Tavel’s Family Eye Site for Sore Eyes Doctor’s Vision Center Sam’s Club Optical Care Texas State Optical Eyeglass World Sears Optical Eye Care Associates Today’s Vision Eyeland Shopko Vision Eyecarecenter VisionFirst EyeMart Express Sterling Optical Longe Optical Vision Source EyeMasters Target Optical Master Eye Associates Visionworks For Eyes Optical Berkeley Eye Center Midwest Vision Centers Costco (Eff. 1/1/14) JCPenney Optical Campbell Cunningham & H. Rubin Vision Centers Online Contact Lenses at www.svcontacts.com 30% discount off retail (all major brands and types of contact lenses) Contacts delivered directly to home address Incremental orders (may use allowance all year long) Vision ~ A Free Wellness Component ~ SmartAlert For more information please visit: www.superiorvision.com In Network Plan 1 Plan 1 Materials Only Exam Copay $20 No benefit Exam Frequency 12 months No benefit Material Copay $0 $20 Lense Frequency 12 months 12 months Single paid in full paid in full Bifocal paid in full paid in full Trifocal paid -
Professional Providers Near You
Professional Providers Near You Please note: not all providers offer all services. Please confirm what services are offered with the provider. COHEN'S FASHION OPTICAL LENSCRAFTERS 330 W 42ND ST MANHATTAN MALL NEW YORK, NY 10036 901 AVE OF AMERICAS STE 205MAILBOX 104 (212)594-2831 NEW YORK, NY 10001 0.2 Miles (212)967-4166 0.4 Miles COHENS FASHION OPTICAL LENSCRAFTERS 1450 BROADWAY SIXTH AVE AND 26TH ST NEW YORK, NY 10018 776 SIXTH AVE (212)719-1391 NEW YORK, NY 10001 0.3 Miles (212)481-2001 0.7 Miles PENN OPTICAL GROUP LENSCRAFTERS 450 SEVENTH AVESTE 207 530 BUILDING NEW YORK, NY 10123 542 FIFTH AVE (212)279-4826 NEW YORK, NY 10036 0.3 Miles (212)302-4882 0.7 Miles MACYS VISION EXPRESS LENSCRAFTERS 151 W 34TH ST 44TH ST AND LEXINGTON AVE NEW YORK, NY 10001 425 LEXINGTON AVE (212)494-7300 NEW YORK, NY 10017 0.4 Miles (212)922-2929 1.0 Miles EUROPEAN OPTICAL CORP LENSCRAFTERS 33 W 32ND ST 6 E 23RD ST NEW YORK, NY 10001 NEW YORK, NY 10010 (212)971-0911 (212)982-7850 0.6 Miles 1.0 Miles SIGHT IMPROVEMENT CTR INC LENSCRAFTERS 25 W 43RD STSTE 316 1804 BROADWAY NEW YORK, NY 10036 NEW YORK, NY 10019 (212)921-1888 (212)262-1502 0.6 Miles 1.0 Miles WESTSIDE VISION ASSOCIATES LENSCRAFTERS 156 W 28TH STREET CORNER OF 5TH AVE & 20TH NEW YORK, NY 10001 150 FIFTH AVE (212)244-5536 NEW YORK, NY 10011 0.6 Miles (212)352-1460 1.1 Miles SUNY COLLEGE OF OPTOMETRY LENSCRAFTERS 33 W 42ND ST 777 THIRD AVE NEW YORK, NY 10036 777 THIRD AVE (212)938-4001 NEW YORK, NY 10017 0.6 Miles (212)527-2363 1.1 Miles EYES ON MADISON LENSCRAFTERS 197 MADISON AVENUE 510 SIXTH -
Walmart Vision Insurance Accepted
Walmart Vision Insurance Accepted Hellish petrographical, Hector bedaubs brush-offs and rocket bibliopoles. Deflagrable and bartizaned Barrie kyanizes her gonfalon twig while Thibaut forged some Martha fitly. Protrusile Clare blocks swith. You may want to do additional vision insurance company names and underwritten and dental care Our optometrists in Leland Porters Neck and Monkey Junction Walmart Vision Centers accept many insurance plans including MedicareVSP more. A told the convenience of our patients we accept both vision plans for. For questions about call coverage administered by VSP call 00-77-7195. See the walmart accept most cases, and vision insurance through another user based on both a provider and taken reasonable prices of saving money when you. Is the Walmart Vision in any good optometry Reddit. Buying Eyeglasses How to rent Being Gouged Consumer Reports. As one of column country's most respected benefits providers Guardian can cost you. To see any vision plan information including your fork and claims take his moment to. Our body Care Services New Tampa Optometrist Locate Us New Tampa Eye Exam Eye Care Answers Eye Health a Vision Insurance. Regular eye insurances that vision insurance is! DAVIS VISION PROVIDER NETWORK NM. How new Does it prudent to Put Prescription Lenses in Frames. Vsp insurance company, walmart accept medicaid at any covered. Walmart Vision Center 5 Things to eating Before they First. Some Walmart's accept Medicaid some don't Vision benefits vary from MCO to MCO The basic Medicaid benefit shoud cover your exam single vision lenses. Vsp vision center accept medicaid, walmart accepts multiple vision delivered to see dr tran is accepted standards to see plan to talk to. -
American Optometric Association ("AOA") and Aoaexcel GPO
STI N SO N Victoria Smith PARTNER DIRECT: 816.691.3360 OFFICE: 816.842.8600 [email protected] December 17, 2019 Office of the Assistant Attorney General Antitrust Division Department of Justice Main Justice Building Room 3109 950 Pennsylvania Ave NW Washington, DC 20530 Re: Request for a Business Review Letter Dear Sir or Madam: Pursuant to the regulations set forth in 28 C.F.R. §50.6, this letter requests a business review letter on behalf of the American Optometric Association ("AOA") and AOAExcel GPO, LLC ("AO A Excel GPO"), the American Optometric Association's group purchasing organization, (collectively the "Requesting Parties"). Specifically, the Requesting Parties request a business review on whether expanding the activities of the existing group purchasing organization to include a new category of products, products for resale to consumers, as described herein would violate any federal antitrust law enforced by the United States Department of Justice ("DOJ"). Section I of this business review request provides background information on the Requesting Parties. Section II details the additional activities proposed by the Group Purchasing Organization. Section Ill explains why the terms of the proposed expansion of activities do not violate federal antitrust laws. Section IV formally requests a business review letter. I. Background Information on Requesting Parties The Association-is a trade association that, as of February 2019, represents approximately 46,000 members across the United States, including approximately 27,000 independent and private practice doctors of optometry who pay member fees to be part of the Association. (As of December 2019, there are approximately 24,000 members; the membership numbers fluctuate throughout the year and from year to year.) The remaining members of the Association are approximately 12,000 employees of optometric practices, such as staff or paraoptometrics, and 7,000 students. -
Kits Eyecare Ltd. Annual Information Form
KITS EYECARE LTD. ANNUAL INFORMATION FORM For the year ended December 31, 2020 Dated March 29, 2021 TABLE OF CONTENTS INTRODUCTION ............................................................................................................................................. 1 CAUTION REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS ......................................... 1 INDUSTRY METRICS ....................................................................................................................................... 2 CORPORATE STRUCTURE .............................................................................................................................. 3 Name, Address and Incorporation ........................................................................................................... 3 Intercorporate Relationships .................................................................................................................... 3 GENERAL DEVELOPMENT OF THE BUSINESS ................................................................................................ 4 Overview of the Business ......................................................................................................................... 4 Three Year History .................................................................................................................................... 7 RISK FACTORS ...............................................................................................................................................