A few years ago, when I was going back and forth to India for work, I?d routinely carry with me the eye prescriptions and a few old frames for some of my family members in the States. They didn?t want to pay local prices in the States because they knew the deal back home -- for a small fraction of the cost, they could get their new prescriptions and probably a couple of spare pairs of glasses to boot. Warby Parker picked up on these gross inefficiencies by monitoring thousands of people like me. Much has been written about the company, so I won?t rehash that here, but will point out a 60 Minutes segment earlier this year that featured a relatively unknown yet powerful company -- Luxottica -- which has a stranglehold on the supply of branded eyeglasses and retail stores and, as a result, enjoys near-monopoly status.Source: http://feedproxy.google.com/~r/Techcrunch/~3/EBH-x35KEiI/
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