L.A. Times consumer columnist Davidlaz has been investigating the eyewear industry and will be answering your questions through a livestream Q&A next week. What questions do you have for him?
Eyewear is a near-monopolistic, $100-billion industry dominated by a single company. That's why 1,000% markups for frames and lenses are commonplace.
Eyewear is a $100-billion industry. About 126 million U.S. adults wear glasses. Yet consumers routinely face markups of as much as 1,000% for frames and lenses. How can that be? And what can we do about it?and has uncovered some eye-opening facts. For example, most glasses these days are made in China and cost little more than $30 to manufacture. A single company, EssilorLuxottica, dominates the market and sets retail prices accordingly.
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