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A comment on How badly are we being ripped off on eyewear? Former industry execs tell all. Parent comment

Re:How badly are we being ripped off on eyewear? Former indu... by Someone1234 on Tuesday March 05, 2019 @01:53PM (#19313076)
Considering their profits, I don't believe that is where it is going:

http://www.luxottica.com/en/record-2017-net-profits-and-free...

Using a monopolistic position to overcharge doesn't generate more jobs, just profits.

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Re:How badly are we being ripped off on eyewear? Former indu... by vibrio on Tuesday March 05, 2019 @02:16PM (#19313286)
Are 10-15% margins crazy large in this or comparable sectors?

I'm genuinely asking as I'm to busy/lazy to look it.

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Re:How badly are we being ripped off on eyewear? Former indu... by wbracken on Tuesday March 05, 2019 @02:23PM (#19313349)
Of course not.
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Re:How badly are we being ripped off on eyewear? Former indu... by vibrio on Wednesday March 06, 2019 @10:23AM (#19319521)
According to my basic understanding of basic economics (FWIW), doesn't this put a hole in the monopoly hypothesis here? [I'm not even close to being an economist, but I've taken a basic class or two.]

I looked at their 2017 financials, and they have revenue/ expenses broken out for many many brands and regions. There are huge variations in margins due to what it seems like to be growth expenses. Some of what i'd think to be more mature lines at first glance to have crazy good margins.

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