Luxottica’s North America View: Demographics Favoring Eye Health Exams and a Further $250M Investment in Technology Over Next 3 Years

MASON, Ohio—Executives at Luxottica Group S.p.A. (MTA: LUX; NYSE: LUX), reaffirmed the strategic and business importance of the North American market to the overall company, as they outlined its achievements and future plans for all of its retail and sun divisions, managed care and wholesale groups to financial analysts at the company's 2013 Investor Day held here yesterday. North America is Luxottica's leading region with revenues of $5.3 billion, over 4,800 stores and approximately 40,700 employees as of Dec. 31, 2012.   In his opening remarks to the analysts on site at the company's N.A. headquarters, Luxottica CEO, Andrea Guerra, referred to North America as "a structurally growing market, the largest market in the world, the largest market for Luxottica" and described eyewear as "a 200-year-old, new industry for many reasons and opportunities." Guerra noted the "emotional connection" between us and the American consumer about eyewear. "It was a purely functional relationship, but today, in addition to function, there is an emotional component to how we view and choose our glasses, which is completely different."   See more