Saturday, June 16, 2012

Eye Care Retail Market Supposedly Is Recovering

The Eye Glasses and Contact Lens Stores industry has begun its recovery from the economic recession, says an analyst from IBISWorld. While sales of eyewear during this rough period have been relatively stable because of need-based demand, revenue declined in 2008. Improving incomes and a growing aging population have helped bolster sales, with revenue expected to grow 2.3% from 2011 to 2012. Despite the industry's lackluster performance in 2008, revenue has grown at an average annual rate of 0.5% to $9.1 billion over the five years to 2012. Read more.

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