Chances are that if you're buying glasses you're probably getting a brand that's directly owned by Luxottica (LensCrafters, Sunglass Hut, Apex by Sunglass Hut, Pearle Vision, Sears Optical, Target Optical, Eyemed vision care plan, Glasses.com, Ray-Ban, Persol, Oakley, etc). They also manufacture for an impressive string of luxury brands (Chanel, Prada, Giorgio Armani, Burberry, Versace, Dolce and Gabbana, Miu Miu, DKNY, and Tory Burch). [0]. It's an impressive roll-up of a number of retailers and brands by a not widely known Italian company.
Its a monopoly that abuses its power to extract money from hapless consumers, most of whom just want a pair of decent eyeglasses to function. I've made a conscious decision to avoid purchasing from them as much as I can, but do continue to buy from Ray-Ban. See: https://www.youtube.com/watch?v=gDdq2rIqAlM
> The company says that the market is highly competitive, and their frames account for ~10% of sales worldwide and ~20% in the United States.[42][41] Euromonitor International estimates that Luxottica's market share is 14% worldwide, and the second-largest company in the industry, Essilor, has a 13% market share. The third-largest player is Johnson & Johnson, with a 3.9% market share. As of October 2018, Luxottica and Essilor have merged into a single company, EssilorLuxottica, representing almost a billion pairs of lenses and frames sold annually.
If you check price segments, the monopoly hypothesis gains support again. They own all the the higher end, including all the fashion / lifestyle brands.
Incorrect. Samsung etc. have phones that compete in the luxury smartphone segment with Apple. Luxottica has no such alternative (as of now, WP seems nice but it remains to be seen if they will focus on this market segment in the future).
Are vision insurance benefits really widespread enough to make a big impact? I have what I believe to be one of the big ones through my employer and a small number of local places even took it.
I suspect it's much more about being a fashion business which it's hard to opt out of. Non-prescription sunglasses can also be very expensive at (I assume) eye-watering margins. (Owned in many cases by the same brand TBF.)
[0]: https://en.wikipedia.org/wiki/Luxottica