“The US eyewear industry has been forecast to increase at a compound annual growth rate (CAGR) of 2.57% through to 2016, driven by the high prevalence of eyesight disorders, and the trend of using contact lenses for aesthetic and cosmetic purposes,” according to Yahoo! Finance UK/Ireland. “After suffering three consistent years of value sales declines, the eyewear market in the US began to emerge from the depths of the economic recession in 2011 and 2012. While the economy remains weaker than it was before the recession, GDP growth, a declining unemployment rate, and rising levels of consumer confidence led consumers to once again invest in vision correction products.” Read more.
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