Sticker shock: Why are glasses so expensive?

One factor: the world's largest eyewear company, the Italian firm Luxottica, controls a big chunk of the business. Lesley Stahl reports.

Komente

  • Fully_Retractable
    Fully_Retractable15 orë më parë

    Luxottica, and essilor- Not to mention venture capitalists buying manufacturing companies, in order to secure the market in the same fashion. I've worked this industry for 20 years. You're paying a 700% markup- because they can get away with it.

  • tjghost recon
    tjghost recon15 orë më parë

    This is how everything is made, up the price on everything and candy coat it, mark it up and people pay! A coporate office up charges 100 percent only because they make a fansy name and charge whatever they want and people pay that price! The corporate's answer to why so expensive..well the people are stupid enough to pay it so let them!! 100 percent truth!!

  • tjghost recon
    tjghost recon15 orë më parë

    Everything is answered in a sweet candy shell of lies! Its a miss direction, a smokesheild, an illusion!!

  • Sing Loc
    Sing Loc17 orë më parë

    When I was growing up, I swore by Oakleys and yes, I paid at least $300 a pair. Now, I just shop around to find what looks good to me and it's cheap. Unless you have friends who would ask you what brand of sunglasses you have, you should care less.

  • Keaton Quinn
    Keaton Quinn19 orë më parë

    this dude is a mofia boss bro fr

  • Rusho Khan
    Rusho KhanDitë më parë

    The ceo is the definition of evil look like.

  • Samrat Hassan
    Samrat Hassan2 ditë më parë

    This monopoly should be broken,, 100 dollar for a glass is so high.

  • Arjuna Bandara
    Arjuna Bandara2 ditë më parë

    Now I feel happy about ordering my glasses from Aliexpress. :)

  • Gil Towers
    Gil Towers2 ditë më parë

    Buy zenni on line save hundreds put moscott and other over priced company's out of businesses

  • Jameel Edwards
    Jameel Edwards5 ditë më parë

    I've watched this report numerous times since it debuted years ago. It always fascinates me how the consumer (Americans in particular) have lost control of paying reasonable prices, instead of inflated prices for acetate and/or metal frames.

  • JuniorUshanka
    JuniorUshanka5 ditë më parë

    me literally still buying ran bans even after watching this😭

  • lily blaze
    lily blaze5 ditë më parë

    Mono......

  • Suraj Thakur
    Suraj Thakur6 ditë më parë

    If Prada or Gucci start selling artificial eyeballs with the brand tag , the so called rich people would surly like to replace their real eyeballs with the branded one. A aa $6000 per eyeball 😂😂

  • Stj JNR
    Stj JNR6 ditë më parë

    Government needs to legislate pricing

  • the ronjhet
    the ronjhet8 ditë më parë

    feed your vanity and these results to crazy prices... it's american so... expensive soooo what.... people buys it, great business!!!!

  • Mu Pad
    Mu Pad9 ditë më parë

    Shame On luxxutica

  • Ryan Weintraub
    Ryan Weintraub9 ditë më parë

    Where’s Theodore Roosevelt when you need a bull moose monopoly buster?

  • raj randhawa
    raj randhawa9 ditë më parë

    Thats it no more collecting of these over priced glasses.

  • Harum Azzahra
    Harum Azzahra10 ditë më parë

    It’s true it’s bit overpriced. But again, i would buy that overpriced Ray Ban because my insurance would cover the payment!

  • Jay Madeleka
    Jay Madeleka11 ditë më parë

    everything is worth what people are ready to pay....... The came to understand that life was better together. To say that we bought them is totally wrong, we merged. When you are given an offer you cant refuse, what options do you remain with? 🤔

  • Me
    Me13 ditë më parë

    Because companies now charge the MAXIMUM they can get possibly away with...instead of just a fair level of profit.

  • Toffel Toffel
    Toffel Toffel15 ditë më parë

    Rayban ,its an american brand, owned bij italians 🤣

  • J B
    J B16 ditë më parë

    Try $1,000 in 2021

  • Marlee Ebbert
    Marlee Ebbert18 ditë më parë

    I went to the eye doctor yesterday and left almost in tears from how much it cost

  • Tafadzwa Kay
    Tafadzwa Kay18 ditë më parë

    That CEO is extreemly smart .

  • Soren Beckstrom
    Soren Beckstrom18 ditë më parë

    "They understood life was better together" - CEO trying to hide his monopoly

  • Bruce Im
    Bruce Im20 ditë më parë

    Offsudden the expensive sunglasses I have feels cheap

  • Chinny P.
    Chinny P.21 ditë më parë

    I paid $200 for mine and the only consolation is it's got titanium in it and it looks good on me 🤦🏻‍♀️ i couldn't find anything cheaper at the stores

  • Chinny P.
    Chinny P.21 ditë më parë

    It's a f*cking monopoly.

  • Janet Beatrice
    Janet Beatrice21 ditë më parë

    She didn't hit on a lot that was controversial until 9 minutes in. If someone is personally dropping individual rhinestones into the temples or weaving something into them, that's definitely worth more. As for the markup, it will always need to be enough to cover overhead and wages - ideally fair wages. As someone whose worn glasses since I was 8, it's generally the lenses that drive up the cost for strong prescriptions, but it is true that most frames are overpriced if you don't go to Walmart or to an online site. And with the online sites, you don't get personalized fittings. As far as I'm concerned, the real controversy is why basic health insurance doesn't cover at least the basic costs involved in getting a pair of eyeglasses when it is medically necessary. I cannot function without corrective lenses. I certainly can't drive without them. It's ridiculous that the entire cost of a pair of eyeglasses is out of pocket.

  • Sheldon Li
    Sheldon Li21 ditë më parë

    OMG, the Luxottica boss sounds utterly evil.

  • Jack All
    Jack All24 ditë më parë

    I said it, Jordan's are not worth that much money.

  • Samuel Kunta
    Samuel Kunta28 ditë më parë

    today this is where China comes in, copy pastes everything and lowers the prices of all these sun-glasses. the glasses get shipped by alibaba and we all win.

  • Jezner Is Near
    Jezner Is Near28 ditë më parë

    AliExpress is the Key

  • Leonard Grant
    Leonard Grant28 ditë më parë

    I do not have a problem with Luxottica, but with cheap Chinese manufacturers which are making horrible glasses and not deliver what they are promising on the label. If the Chinese were just willing to invent their own stuff I would respect them much more.

  • Storm wulf

    Storm wulf

    24 ditë më parë

    Zenni Optical makes good glasses

  • Daniel Z
    Daniel Z29 ditë më parë

    In my lifetime I have spent over $18,500 on glasses to be able to see. My favorite brand is Flexon, as they were a game changer, they could withstand falls, and for the most part impact. But when titanium breaks, it's easier to buy a new earpiece than try to solder it back together. When you grow up poor, and your eyes change so much, you're always paying off glasses. Sort of like being in over your head on a car loan. When your glasses break, and you still owe on your old frames, the debt gets greater and greater.

  • Lead-Like-a-Lion
    Lead-Like-a-Lion29 ditë më parë

    The CEO is cool like Ray Ban 😎

  • Storm wulf

    Storm wulf

    24 ditë më parë

    That CEO was a bald creeper. A walking Amber Alert.

  • John Yeoh
    John Yeoh29 ditë më parë

    Some people paid because they don't know but some paid because they are able.

  • Lalmuanawma Mualchin
    Lalmuanawma Mualchin29 ditë më parë

    The Apple of Eyewear

  • Lalmuanawma Mualchin
    Lalmuanawma Mualchin29 ditë më parë

    Well I have a cap that fits my head for years and years, not 15 hours, and it's very cheap.

  • Bob Boberson
    Bob BobersonMuaj më parë

    EXACTLY the opposite. B&L quality was WAY better on the Ray Ban brand. Luxottica is a giant bully.

  • Harold Elias
    Harold EliasMuaj më parë

    The cultured pvc beautifully tremble because low socially drum up a wrathful coffee. beautiful, first cannon

  • Storm wulf

    Storm wulf

    24 ditë më parë

    You having a stroke?

  • THE HANDYMAN
    THE HANDYMANMuaj më parë

    Quality Italians, Quantity China USA Walmart period

  • Project Nissan Sunny
    Project Nissan SunnyMuaj më parë

    Godfather type of feelings by CEO 😁

  • Joel Likes Cars
    Joel Likes CarsMuaj më parë

    I personally don't have an issue with Luxottica, some of their brands like Oliver peoples I find are actually worth the price they demand. My issue arises with the mas produced "luxury" ones, which are not luxury at all. Some have said Luxottica, gives the illusion of choice. It doesn't. There are growing amounts of smaller brands, which have in many ways almost become more popular due to their cleaver ways of advertising. I think there are some brands under Luxottica that are actually worth the money, as I said Oliver peoples being one of them. However across the range Luxottica targets the people who do not know what they are buying, and will pick anything with a popular brand name. You would be surprised. So to sum that all up, some expensive glasses are truly worth the money, the majority are not. For you to purchase the expensive glasses that are worth the money, you pretty much have to already be into fashion and eyewear a fair bit, to even know the brands worth the money. So to sum it up, don't feel bad or like an idiot for buying expensive Luxottica glasses, if you like em, spend the money. However do not think that spending your money will always get you a higher quality frame or lenses. Do not feel pressured into spending increased money on glasses. You could say what ever you want about Luxottica, but don't hate the player for winning hate the game. That is my opinion at least, call me a capitalist pig, but I like my Oliver peoples frames and lenses. Many independent makers will cost way more than you think as well, you get what you pay for from independent makers. However Luxottica does have mafia like business practices. However you have to question the reason why they where able to get to that point, rather than just hating them. No one hates what they have to do as long as they are the winner.

  • Ara Serra
    Ara SerraMuaj më parë

    Gosh! no wonder I can’t afford glasses anymore...soon I going to have to use a stick to move around or a trained pet...che ingiusta! 👓

  • Storm wulf

    Storm wulf

    24 ditë më parë

    Look up Zenni Optical on Google. Their stuff is good quality and NOT price gouge-y.

  • oso oyabun
    oso oyabunMuaj më parë

    Just buy Foster Grand Hugo glasses they look like Ray-ban way-farer only cost 30 dollars.

  • Сергей Устинов
    Сергей УстиновMuaj më parë

    Actually it delisted already )

  • Akshat Agarwal
    Akshat AgarwalMuaj më parë

    This lady is savage. I like how she confronts LensCrafters: "Mark you are not answering my question".

  • Rico Torres
    Rico TorresMuaj më parë

    That is why I buy from Aliexpress

  • First N 'Rank
    First N 'RankMuaj më parë

    Now I know😭

  • HoonAi Ooi
    HoonAi OoiMuaj më parë

    Go on blame the communists

  • Elie Nahal
    Elie NahalMuaj më parë

    Actually the most profitable industry is glasses making, it cost about 5$ to make them and even cheaper in some places.

  • Bilbo Baggins
    Bilbo BagginsMuaj më parë

    I regret buying ray-bans. Please support the other brand frames and stop this monopoly madness

  • Naman Gupta
    Naman GuptaMuaj më parë

    People are not ready to pay, they have to pay since it's a way to correct their eye sights, but it's a common saying - one man's misery is another man's fortune.

  • Naman Gupta
    Naman GuptaMuaj më parë

    Basically, Luxortia is the Mafia of the eyewear industry.

  • Brewster Gonzales
    Brewster GonzalesMuaj më parë

    Lenscrafter sale fake sunglasses. I went to Lenscrafter for RX glasses and choose Rayban Sunglasses for hundreds $ several years ago. The Rayban logo faded and disappeared in a month.

  • Carmelo Ramirez
    Carmelo RamirezMuaj më parë

    Min of the UFO.. flying by 6:12👍next to the Ray. Band... Sign Awesome.... After my favorite actor Tom Cruise... 🙏

  • Dwight Coleerook
    Dwight ColeerookMuaj më parë

    Make you an offer you can't refuse

  • Bashir Mohamed
    Bashir MohamedMuaj më parë

    Now you know

  • Robert Buchwald
    Robert BuchwaldMuaj më parë

    Humans are just too vain , so they'll pay for ridiculously expensive " brand" names.p.s.love Leslie Stahl.

  • Ana Moscat
    Ana MoscatMuaj më parë

    If China does that what would happen? They would be investors or monopolist.?

  • L M
    L MMuaj më parë

    althe.info/number/p3rbhKh7n2qmm50/video

  • Peter Francis
    Peter FrancisMuaj më parë

    Capitalism

  • peacelife
    peacelifeMuaj më parë

    Wow price control

  • Rem.
    Rem.Muaj më parë

    DAMN THIS JOURNALIST IS 🔥🔥🔥🔥🔥🔥

  • Dennis Fetterman
    Dennis FettermanMuaj më parë

    The price of anything is determined on the amount of idiots who will pay it.

  • All That Is Unsaid
    All That Is UnsaidMuaj më parë

    I have a question: Do this fancy pancy Luxzotica or whatever it is called make the cheap glass frames that we buy on roadside stalls too??

  • Mo0onShadoW
    Mo0onShadoWMuaj më parë

    I can see the point in why it is that Oakley was bought out but I don't get what happened with Lenscrafters being bought out by Luxottica.

  • sami jani
    sami janiMuaj më parë

    Luxottica ceo lied, not half a billion may be 3 billions wear Luxottica s glasses. Luxottica owns almost all brands

  • dean slevin
    dean slevinMuaj më parë

    Oakley boss was right..if you can't beat them,join them - chinese proverb.

  • Pam
    PamMuaj më parë

    I get 2 pair at EyeMart for around $78. $19.99 frames and progressive lenses. I’ve never had a problem with these glasses. They offer 2 pair regular vision glasses (without bifocals) for $38. Again, u have to choose from the $19.99 frames collection.

  • XSDFV ASDVF
    XSDFV ASDVFMuaj më parë

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  • XSDFV ASDVF
    XSDFV ASDVFMuaj më parë

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  • Ravikiran israel Ganta
    Ravikiran israel GantaMuaj më parë

    Dimplamatic answer is giving by exotica.😎✍🏻🇮🇱🇦🇪🇮🇳

  • Marta Vance
    Marta VanceMuaj më parë

    I need glasses and now understand why is a lot money , because that Italian company has monopoly ! Not good for us we need glasses ,we can’t pay good glasses!!🥸that people make business and don’t think is a necessity !!pass 8 years but now is same !

  • LetArtsLive
    LetArtsLiveMuaj më parë

    The biggest markup besides drugs is glasses that probably cost them $10 and if I can't see I got to pay 150 dollars it is so ridiculous

  • Chris P. Bacon
    Chris P. BaconMuaj më parë

    Crazy how much glasses are in 2021 smh lux is just like amazon

  • Heron Varela
    Heron VarelaMuaj më parë

    I would love to see a report on how they’re doing now with lasik becoming so popular..maybe better now that everyone can wear the oakleys and ray bans and actually be able to see 😄

  • True Colors
    True ColorsMuaj më parë

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  • Windler Eli
    Windler EliMuaj më parë

    The gigantic parent unusually delight because underclothes intrestingly form amidst a glib order. aware, cold clerk

  • B B
    B BMuaj më parë

    This interviewer doesn't understand global economics. Stop trying to be Barbara Walters lady.

  • B B
    B BMuaj më parë

    This shill program brought to you by Walmart and Costco...and people that don't understand glasses.

  • Medina__anideM
    Medina__anideMMuaj më parë

    Ray bans at ross dress for less for 49.99

  • Medina__anideM
    Medina__anideMMuaj më parë

    Walmart

  • Medina__anideM
    Medina__anideMMuaj më parë

    Why does it sound like she’s grilling him

  • yass b

    yass b

    Muaj më parë

    because she was. Despite her smiling

  • David R
    David RMuaj më parë

    Put Luxotica out of business by buying glasses from Warby Parker! Great company with great deals! Stop letting stickers on lenses make you feel special inside. At the end of the day your Ray Bans are no different than LensCrafters 😂

  • Auram Safaris - Tanzania - East Africa
    Auram Safaris - Tanzania - East AfricaMuaj më parë

    mODERN dAY MAFIA......VERY SAD....LEGAL CARTELS....PROTECTED CARTELS

  • Cahuenga
    CahuengaMuaj më parë

    Chanel 600€, wer Lagerfeld haben will, bezahlt lagerfeld eben, made in Germany halt.

  • Noland Immo
    Noland ImmoMuaj më parë

    Everything is worth what people are ready to pay

  • Dreary Collective
    Dreary CollectiveMuaj më parë

    The ill lead ultrasonically trace because perch rapidly confuse outside a chunky relation. well-to-do, new scorpion

  • Chris M
    Chris MMuaj më parë

    Monopolies are evil. We are idiots for letting them continue.

  • Muhammad Tayyab
    Muhammad TayyabMuaj më parë

    That the “ great illusion of free market” Enjoy...!!!

  • Y K
    Y KMuaj më parë

    Good journalism. If Trump owned Luxottica CBS couldn’t have kept their cool to do journalism.

  • Roshni Gurung
    Roshni GurungMuaj më parë

    Nice documentary.Now I know where all eye glasses come from.

  • tonybilliot
    tonybilliotMuaj më parë

    Lesley Stahl is a FOX!

  • Salvador Castaneda
    Salvador CastanedaMuaj më parë

    The Italian CEO definitely sounds sus

  • Qian Wang
    Qian WangMuaj më parë

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  • Amir Barbieri
    Amir BarbieriMuaj më parë

    This is pointless. Basically everything that has a Brand name on it has the same problem.

  • heaven isfull666
    heaven isfull666Muaj më parë

    biggest con ever.

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