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Sunglass Hut is an international retailer of sunglasses and sunglass accessories founded in Miami, Florida, United States, in 1971. Sunglass Hut is part of the Italian-based Luxottica Group , the world’s largest eyewear company.
In 1990, the company listed American depositary receipts on the New York Stock Exchange where it traded until 2017. Luxottica retails its products through stores that it owns, predominantly LensCrafters, Sunglass Hut, Pearle Vision, Target Optical, and Glasses.com. It also owns EyeMed, one of the largest vision health insurance providers.
EssilorLuxottica is the largest company in retail sales, owning many of the largest eyewear retail chains in the world. By number of locations, EssilorLuxottica's largest store chain is Sunglass Hut, with 3,239 locations as of 2020.
Luxottica accounts for 60 percent of all sunglass sales in the US. The next largest is Safilo, which holds a comparatively small share of 6 percent. These 2 companies control most of the ...
The company went public in 1995, raising $230 million. [9] In early 1996, Oakley had a pricing dispute with Italian company Luxottica, the world's largest eyewear manufacturers and retailers. Luxottica stopped carrying Oakley's products in their stores, including Sunglass Hut, and Oakley's stock market value declined 33%. [10] [11]
Looking ahead to next week, investors will be laser-focused on the September jobs report, set to be released on Friday. Here's where US indexes stood shortly after the 9:30 a.m. opening bell on ...
The August CPI report set to be released on Wednesday could influence whether the Fed cuts rates by 25 or 50 basis points, according to analysts. Stock market today: Dow jumps 484 points as US ...
Safilo Group S.p.A. (acronym of Società Azionaria Fabbrica Italiana Lavorazione Occhiali) is an Italian company that designs, produces, and distributes prescription frames, sunglasses, sports eyewear, ski goggles and helmets, and cycling helmets under its own five house brands and 32 licensed brands, including Smith Optics since 1996.