Sterling Optical

Last updated

Sterling Optical is a franchised retail optical chain headquartered in New York, New York. Its parent company is Emerging Vision, whose CEO is Glenn Spina. [1] [2] [3]

Contents

Sterling Optical.png

History

Sterling Optical opened in 1914 with a single store in the financial district of New York City. In 1954, a second location opened in Washington, D.C.

In 1966, Sterling Optical acquired IPCO, [3] a retail optical chain in the northeastern United States. The chain grew to 20 stores by 1970 and to 65 by 1975. Over the next 5 years, the chain grew to almost 130 stores.

In 1992, the company emerged from bankruptcy after being purchased by Cohen Fashion Optical, and was reorganized and incorporated in New York and renamed Sterling Vision Inc., with stores doing business as Sterling Optical. [4] [5] Emerging Vision was created as the parent company at the same time. [1] The company has since grown by both acquisitions and franchising. In 1993 it acquired the Site for Sore Eyes chain in California, [3] and with it VCC (Vision Centers of California), [6] a specialized healthcare maintenance organization licensed by the California Department of Corporations that operates under the tradename "Sterling VisionCare", usually adjacent to a Sterling Optical location. [2] In 1996 the company acquired Vision Centers of America. [6] [7] In the 1990s it moved into online retailing. [5]

As of July 2014, the company has more than 125 Sterling locations in the United States and the U.S. Virgin Islands, plus 40 Site for Sore Eyes locations in California. [2]

In 1996, the company opened two lasik centers named Insight Laser Centers, one in New York and the other in San Francisco. These locations have since ceased operations.

Sterling Optical began using cartoon character Mr. Magoo in advertising in 2005. [8] [9]

Related Research Articles

7-Eleven, Inc., stylized as 7-ELEVEn, is a multinational chain of retail convenience stores, headquartered in Dallas, Texas. The chain was founded in 1927 as an ice house storefront in Dallas. It was named Tote'm Stores between 1928 and 1946. After 70% of the company was acquired by an affiliate Ito-Yokado in 1991, it was reorganized as a wholly owned subsidiary of Seven & I Holdings.

<span class="mw-page-title-main">The May Department Stores Company</span> Defunct retail company acquired by Federated Department Stores in 2006

The May Department Stores Company was an American department store holding company, formerly headquartered in downtown St. Louis, Missouri. It was founded in Leadville, Colorado, by David May in 1877, moving to St. Louis in 1905. After many changes in the retail industry, the company merged with Federated Department Stores in 2005.

Toys "R" Us is an American toy, clothing, and baby product retailer owned by Tru Kids and various others. The company was founded in 1957; its first store was built in April 1948, with its headquarters located in Parsippany-Troy Hills, New Jersey, in the New York metropolitan area.

<span class="mw-page-title-main">WinCo Foods</span> American supermarket chain

WinCo Foods, Inc. is a privately held, majority employee-owned American supermarket chain based in Boise, Idaho, with retail stores in Arizona, California, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, and Washington. It was founded in 1967 as a no-frills warehouse-style store with low prices. The stores feature extensive bulk food sections.

<span class="mw-page-title-main">Dollar Tree</span> American discount variety chain

Dollar Tree, Inc., is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers. Additionally, the company operates stores under the name of Dollar Bills, as well as a multi-price-point variety chain under the Family Dollar banner.

Williams-Sonoma, Inc. is an American publicly traded consumer retail company that sells kitchenware and home furnishings. It is headquartered in San Francisco, California, United States. The company has 625 brick and mortar stores and distributes to more than 60 countries, with brands including Williams Sonoma, Williams Sonoma Home, Pottery Barn, Pottery Barn Kids, PBteen, West Elm, Mark and Graham, and Rejuvenation. Williams-Sonoma, Inc. also operates through eight corresponding websites and a gift registry.

<span class="mw-page-title-main">Shopko</span> Defunct chain of retail stores

Shopko was a chain of department stores based in Green Bay, Wisconsin. All locations closed on June 23, 2019, with the exception of the Shopko Optical locations, which continue to operate.

SuperValu, Inc. was an American wholesaler and retailer of grocery products. The company, formerly headquartered in the Minneapolis suburb of Eden Prairie, Minnesota, had been in business since 1926. It is a wholly owned subsidiary of United Natural Foods (UNFI).

<span class="mw-page-title-main">GNC (company)</span> U.S.-based health and wellness retailer

GNC Holdings, LLC is a retail company based in Pittsburgh, Pennsylvania. It specializes in health and nutrition related products, including vitamins, supplements, minerals, herbs, sports nutrition, diet, and energy products.

Payless is an international discount footwear chain. Established in 1956 by cousins Louis and Shaol Pozez, Payless was a privately held company owned by Blum Capital, and Golden Gate Capital. In 1961, it became a public company as the Volume Shoe Corporation which merged with The May Department Stores Company in 1979. In the 1980s, Payless was widely known in the U.S. for its Pro Wings line of discount sneakers, which often had Velcro straps instead of laces. In 1996, Payless became an independent publicly held company. In 2004, Payless announced it would exit the Parade chain and would close 100 Payless Shoe outlets. On August 17, 2007, the company acquired the Stride Rite Corporation and changed its name to Collective Brands, Inc. The company had a total revenue for 2011 of US$ 3.4 billion. The company also has a stunt premium banner, Palessi Shoes. Payless is currently owned by a group of investors led by Alden Global Capital and Axar Capital Management.

Pearle Vision is an American chain of eye care stores. It is one of the largest franchised optical retailers in North America. The company was acquired by Luxottica, an Italian eyewear company, in 2004. As of December 31, 2018, Pearle Vision operated 110 corporate stores and had 419 franchises throughout North America.

<span class="mw-page-title-main">ALCO Stores</span> Defunct retail store

ALCO Stores, Inc. was a retail chain operating 198 stores in 23 states, primarily in the United States Midwest. The company was founded in 1901 in Kansas by Alva Lease Duckwall.

Designer Brands Inc. is an American company that sells designer and name brand shoes and fashion accessories. It owns the Designer Shoe Warehouse (DSW) store chain, and operates over 500 stores in the United States and an e-commerce website.

<span class="mw-page-title-main">Rent-A-Center</span>

Rent-A-Center is an American public furniture and electronics rent-to-own company based in Plano, Texas. The company was incorporated in 1986 and as of 2014 operates approximately 2,972 company-owned stores in the United States, Puerto Rico and Mexico, accounting for approximately 35% of the rent-to-own market in the United States based on store count.

<span class="mw-page-title-main">Franchise Group</span> American holding company

Franchise Group, Inc., is an American publicly traded holding company that acquires and manages mainly franchise companies. It owns brands in various retail industries including American Freight, Buddy's Home Furnishings, The Vitamin Shoppe, Pet Supplies Plus, Sylvan Learning and Badcock Home Furniture.

<span class="mw-page-title-main">Charlotte Russe (retailer)</span> Clothing retail chain store

Charlotte Russe is an American clothing retail chain store that operates in the United States, headquartered in San Francisco, California. Fashions in the stores are targeted at women in their teens and twenties. As of November 2019, Charlotte Russe operates 135 stores, mostly in malls and shopping centers.

<span class="mw-page-title-main">Monro Muffler Brake</span> American automotive holding company

Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2021, Monro has 1,288 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.

Kahala Brands is a wholly owned subsidiary of Canada-based MTY Food Group Inc. of Montreal, Quebec. Based in Scottsdale, Arizona, Kahala is one of North America's largest holding company of franchise fast food restaurant companies. In May 2016, the publicly traded Canadian MTY Food Group announced a friendly takeover deal with the Kahala Brands. MTY agreed to pay about US$300 million to acquire Kahala. The two companies generated near $2 billion in revenues in the previous year. Jeff Smit was chosen to lead the US operations of MTY.

<span class="mw-page-title-main">Mattress Firm</span> American mattress retailer

Mattress Firm Inc. is an American mattress store chain founded on July 4, 1986. The headquarters of the company is located in Houston, Texas.

Transform SR Brands LLC is an American privately held company formed on February 11, 2019, to acquire some of the assets of Sears Holdings Corporation. The new company is owned by ESL Investments. Following the Chapter 11 bankruptcy filing of Sears Holdings on October 15, 2018, Transformco purchased the surviving assets owned by Sears Holdings for $5.2 billion.

References

  1. 1 2 Company Overview of Emerging Vision Inc., Bloomberg Businessweek, retrieved July 20, 2014.
  2. 1 2 3 Emerging Vision, retrieved July 20, 2014.
  3. 1 2 3 History, Sterling Optical, retrieved July 20, 2014.
  4. "Sterling Optical Buyer Approved", Company News, The New York Times , February 28, 1992.
  5. 1 2 Warren Strugatch, "Head of Optical Chain Steps Aside as President", L.I. @ WORK, The New York Times, January 21, 2001.
  6. 1 2 Emerging Vision Inc.: Business Archived copy, Yahoo Edgar online, 1999, retrieved July 20, 2014.
  7. Bloomberg Business News, "Eyewear chain bought", Milwaukee Journal Sentinel , May 30, 1996, p. 3D.
  8. "Sterling Licenses Mr. Magoo for TV/Print Ads", Vision Monday, March 28, 2005.
  9. Maria Puente, "Farsighted DVDs bring back myopic Mr. Magoo", USA Today , June 1, 2010.