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Because you end up paying around 50 times as much as what the glasses actually cost. But because of how they do it they hide that. $40/month for 2 years = $960

by ars 3y ago

Because you end up paying around 50 times as much as what the glasses actually cost. But because of how they do it they hide that. $40/month for 2 years = $960 "for insurance" which gives you the right to buy glasses worth around $20 or so. All the number are inflated leaving people with the impression that glasses cost $400 - they don't.

lotsofpulp 3y ago
So now we are talking about profit margins being bad? We have the internet now, with plenty of other vendors willing to sell eyeglass frames and lenses for cheaper.
- Dylan16807 3y ago
  Profit margins that make a price more than double are pretty bad, yeah. High profit margins are also bad when it's something people need. The competition isn't working right, for a variety of reasons, and so the mere existence of competition does not make those problems disappear.
  - lotsofpulp 3y ago
    How is the competition not working right? https://www.zennioptical.com/ https://www.zennioptical.com/ Pretty sure you can go to most Walmarts and find much cheaper corrective eyewear than Luxxotica too. https://www.walmart.com/browse/health-medicine/prescription-eyeglasses/976760_1078944_1229596_1229597 https://www.walmart.com/browse/health-medicine/prescription-...
    - Dylan16807 3y ago
      The average person doesn't consider them to be a viable option. Don't ask me why, but it's true. And them being considered a viable option is a prerequisite to competition working right.
      - lotsofpulp 3y ago
        The average person (at least in the US) does not consider the world’s largest retailer, with a well known reputation for being the cheapest, an option? I don’t buy that.
        ars 3y ago
        That WalMart link is to decorative glasses, not prescription glasses. So here's the thing with WalMart and Luxottica - their insurance does not fully cover WalMart! They give you a significantly reduced amount with WalMart (or Costco), that's how you know it's fraudulent - they only want to cover their own stores, that's not a normal behavior for "insurance".
        deleted 3y ago
        [deleted]

by ars 3y ago

lotsofpulp 3y ago

So now we are talking about profit margins being bad? We have the internet now, with plenty of other vendors willing to sell eyeglass frames and lenses for cheaper.

Dylan16807 3y ago
Profit margins that make a price more than double are pretty bad, yeah. High profit margins are also bad when it's something people need. The competition isn't working right, for a variety of reasons, and so the mere existence of competition does not make those problems disappear.
- lotsofpulp 3y ago
  How is the competition not working right? https://www.zennioptical.com/ https://www.zennioptical.com/ Pretty sure you can go to most Walmarts and find much cheaper corrective eyewear than Luxxotica too. https://www.walmart.com/browse/health-medicine/prescription-eyeglasses/976760_1078944_1229596_1229597 https://www.walmart.com/browse/health-medicine/prescription-...
  - Dylan16807 3y ago
    The average person doesn't consider them to be a viable option. Don't ask me why, but it's true. And them being considered a viable option is a prerequisite to competition working right.
    - lotsofpulp 3y ago
      The average person (at least in the US) does not consider the world’s largest retailer, with a well known reputation for being the cheapest, an option? I don’t buy that.
      - ars 3y ago
        That WalMart link is to decorative glasses, not prescription glasses. So here's the thing with WalMart and Luxottica - their insurance does not fully cover WalMart! They give you a significantly reduced amount with WalMart (or Costco), that's how you know it's fraudulent - they only want to cover their own stores, that's not a normal behavior for "insurance".
        deleted 3y ago
        [deleted]