Printer Friendly

PEARLE TARGETS NON-OPTICAL INVESTORS FOR FRANCHISE EXPANSION

 PEARLE TARGETS NON-OPTICAL INVESTORS FOR FRANCHISE EXPANSION
 DALLAS, April 23 /PRNewswire/ -- For the first time since its formation in 1961, Dallas-based Pearle Vision, the world's largest provider of eyecare products and services, will target non-optical investors as part of an aggressive, nationwide franchise expansion program beginning in 1992. Pearle will also continue to target more traditional optical-oriented investors to own and operate its vision stores throughout the nation.
 "Pearle Vision offers franchisees an excellent business opportunity," said Peter R. Barnett, D.M.D., senior vice president, Franchising and Sales. "It is not essential to have an optical background to invest in a Pearle Vision store because Pearle provides extensive training and support for our franchisees. Investors with sound business principles can be very successful in the vision industry."
 To help its franchisees become qualified to deliver the highest quality eyecare, personalized service and customized eyewear, Pearle provides extensive training programs through Pearle Eyecare University in Dallas. Pearle offers educational seminars and training courses ranging from business management to sales training to product knowledge.
 An important trend that will greatly impact the future of the vision industry and, in turn, a franchisees' customer base is the "Age Wave," Barnett said. "The leading edge of the Baby Boom generation has now passed 40 and as Americans age, the need for vision care will increase," he said. "As the optical industry's leading retailer, Pearle is well- positioned to benefit from this aging trend."
 Recognizing the increased need for vision care by an aging population, Pearle Vision stores are equipped to provide quality service to this growing customer base. Pearle's ongoing commitment to developing and maintaining state-of-the-art technology, including the computerized PRO System(TM), a point-of-sale and business management system, represents the company's corporate commitment to exceptional customer service.
 Pearle has more than 1,000 company-owned and franchised optical stores located primarily in the United States, and boasts an almost 7 percent share of the optical market.
 Pearle, Inc., headquartered in Dallas, Texas, has more than 4,800 employees in the United States, excluding franchisees and their employees, and is a wholly owned subsidiary of Grand Metropolitan PLC.
 Grand Metropolitan PLC, one of the largest international companies in the United Kingdom and a world leader in drinks, retailing and food, has sales of more than $15 billion. Other U.S. subsidiaries include ALPO Petfoods, Burger King, Carillon Importers, Haagen-Dazs, Heublein, The Paddington Corporation, Pillsbury and GrandMet Foodservice USA.
 -0- 4/23/92
 /CONTACT: Melanie Carroll of David Hadeler & Associates, 214-960-8400, for Pearle/
 (GRM) CO: Pearle Vision ST: Texas IN: REA SU:


SM -- NY126 -- 2119 04/23/92 16:33 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 23, 1992
Words:436
Previous Article:RAMTEK ANNOUNCES ACQUISITION
Next Article:THE IRVINE CO. REORGANIZES FOR THE 1990S; MOVE WILL BRING FURTHER COST REDUCTIONS


Related Articles
Cole National To Acquire Pearle, Inc.
Cole National Completes Acquisition of Pearle, Inc.
Cole National Corporation Announces Job Creation
Cole National 1996 Earnings in Line With Expectations; Strong Optical Sales Fuel Performance
Cole National Reports Record Operating Results
Cole National Announces First Quarter Results Improving Sales in the Optical Segment.
Cole National Announces Second Quarter Results.
Cole National Reports Substantial Earnings Turnaround - Net Income of $.24 Per Share in Fourth Quarter 2000 Compared to Loss of $.15 in 1999.
Cole National Continues Earnings Turnaround - Net Income of $.04 Per Share in First Quarter 2001 Compared to Loss of $.09 in 2000.
1-800 CONTACTS and Cole National Announce Marketing Agreement.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters