National Vision Holdings Announces Store Fleet Review Results

Company Identifies Underperforming Stores

DULUTH, Ga.–(BUSINESS WIRE)–National Vision Holdings, Inc. (NASDAQ: EYE) (“National Vision” or the “Company”) today announced the results of its comprehensive store fleet review. In August 2024, the Company announced it had identified an initial list of less than 5% of its total fleet that were not meeting its profitability thresholds and said it was considering potential actions for those underperforming stores. The Company plans to take action on 43 stores, including closing 39 stores by th.

Impact on Customers

As a customer of National Vision Holdings, this announcement may affect you if you frequent one of the stores that are set to be closed. It is important to stay updated on any changes to store locations and consider alternative options for your eyecare needs.

Impact on the World

On a larger scale, the closure of 39 National Vision stores can have an impact on the eyecare industry as a whole. Competitors may see a surge in customers as a result, and the job market may see a shift as employees from the closed stores look for new opportunities.

Conclusion

In conclusion, National Vision Holdings’ decision to close 39 underperforming stores is a strategic move to optimize profitability and streamline operations. Customers should be mindful of any store closures in their area, while the industry at large may see some ripple effects from these changes.