Macys and Luxottica will add 500 LensCrafters locations to their current 670 locations of Sunglass Hut. Together,
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Macy’s and Luxottica will add 500 LensCrafters locations to their current 670 locations of Sunglass Hut. Together, Macy’s and Sunglass Hut have more than tripled the size of the sunglass business at Macy’s in the past six years. Luxottica makes most of the eyewear sold in North America.
How does Luxottica determine the price and quantity of eyeglasses to produce?
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Luxottica is almost a monopoly and it sets the price of eyeglasses to maximize economic profit L...View the full answer
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