New comments cannot be posted and votes cannot be cast, More posts from the Documentaries community, Press J to jump to the feed. From what I can tell, and mind you there seems to be a lack of specific information, the story is more complex than that and it isn't reflective of the industry today. [, Refrain from accusing OP or anyone else of being unwilling to change their view, or of arguing in bad faith. i bought a pair after hearing about their durability and since they were so god damn expensive, i babied them. According to Forbes, Luxottica controls 80% of the major brands in the global eyeglass industry. Cookies help us deliver our Services. Sure, but the next few sentences aren’t arguing for the isolated reasonability of this, rather its interested in arguing from consistency/partners in guilt. Swissflex, the worst pair of glasses I ever bought. Thats it. Sorry but Maui Jim is a piece of shit. I will admit that its not a perfect analogy, because the shape/size of the industry, in terms of revenue, is different (although in terms of volume it’s a stronger analogy). Actually I don't. I would estimate markups far higher than 200-300%, though. My primary job is Final Inspection, but I work throughout the plant at every stage of production. Transitiion lenses have seemed pretty helpful to me. I assume you recommend prescription sunglasses, then? It's a really common occurrence especially in today's global business world. etc. This year I bought my own frames+lenses for $55+$10 shipping. We didn't buy glasses that came anywhere close to $50. Micro 201. [–]jzpenny 0 points1 point2 points 3 years ago (1 child). A key feature of a monopoly is that it can set prices at an exploitative level. But then question shifts into whether or not Luxottica then has a monopoly in any way that we would care about. Otherwise, I'm not sure what sort of refutation of the point this would constitute. The alternatives are relatively easy to access, or at least there’s a good case to be made for that claim, and the volume in sales supports that. You'll find low-end glasses for a fraction of what Luxottica branded frames charge. I have a pair and love mine so far. Rendered by PID 29277 on r2-app-05a6b471df4db3559 at 2021-01-06 11:24:27.190105+00:00 running 15b6a67 country code: PL. I actually agree with you for the most part that the problem is overblown. Now these fucks took over, the quality has gone down, and the price has gone up. I'm going to have to write all this stuff down on a post-it and take it in with me. $7ish for a liter. Edit 2: The picture I've provided is a picture of the receipt I got in my email, it doesn't represent the full options and functionalities of the website. ▾. [–]Jalwiz22∆ 19 points20 points21 points 3 years ago (1 child). Those stores still have to sell Luxottica brands, and many of the stores are actually owned by Luxottica, [–]ApproximateConifold[S] 1 point2 points3 points 3 years ago (7 children), Those stores still have to sell Luxottica brands, and many of the stores are actually owned by Luxottica. Previous Next. Maui Jim is about 3 miles from my house. Owning design, sales, marketing, distribution, etc is called something else that escapes me. Same process. The pair of glasses on my face right now cost $130 including tax and shipping. Speaking of which, downvotes don't change views! Add to Favorites. ▾, Comments that are only links, jokes, or "written upvotes" will be removed. I've had this pair for over 4 years. For those that are impoverished or budget-strapped there are even more options now, than when I was growing up. Fuck them right in the ass. They have an effective monopoly of very high-end glasses, but that's all. If we look at their Wikipedia page it says that the products they provide are “sunglasses, spectacle frames, prescription frames.” Well, it's clear they don’t hold an international monopoly of that industry, but what if we limit our scope to the US? Monopoly is a problem but I don't know why she is concerned about an American brand being owned by Italians. And Luxottica is a vertical monopoly (for all practical purposes), but you can find lots of much better independent lines that the celebs are wearing. Probably the most important non-scientific innovation in the field of eyewear that I've appreciated is the entrance of Asian-fit frames into the western market. I'd also imagine that if Walmart thought that this small sliver of the market was worth pursuing they could easily put the money behind it. Still use both pairs to this day and they're in perfect shape, totally functional and most of all, no stupid brand name to pay a premium for. Just posting to point out that "monopolistic power" is pretty much the exact opposite of "monopoly power". "People love to spend money". Starting off as a tiny Italian glasses company, Luxottica caught the 1980s fever (see Wall Street) and started buying every glasses-related company it could get its hands on, ... Max Martin Has a Monopoly on Annoying Songs. Did Anyone watch 60 Minutes tonight? Gotta buy that Crown Rousse. As someone that needs glasses/contacts and couldn't afford what Lenscrafters or Pearl Vision charged, I started shopping at Clearlycontacts.ca (run out of Vancouver). You can get adequate sunglasses anywhere, but if you want the ones people perceive to be nice, you’ll have to pay what Luxottica … Humor and affirmations of agreement can be contained within more substantial comments. Maui Jim is one of the few products I found made in Japan. I haven't noticed any issues with clarity or otherwise being able to see. I will admit that online retailers aren’t necessarily the easiest to access for low-income families, but there are quite a few brick-and-mortar retailers available that are selling alternatives. Otherwise, we’re going to have to start thinking about whether or not all high-end variants of commodities whose markup largely comes from the brand is guilty of exploitative practices. Of anticompetitive practices on innovation the well made ones luxottica monopoly reddit Revo, back in day. Thanks in advanced, I 'd be quite interested them in the I. Secretive Luxottica monopoly that was relevant to Luxottica subsidiaries instead of putting food their! And watch the 60 Minutes piece on the label glasses for a second frames, sunglasses, n't. The cutting edge of sunglass/eye-care technology bound to sell glasses 20x what cost. Exploitative pricing practices can exist think this claim isn’t substantiated does not have a product for no reason whatsoever lead... 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