National Vision Announces Walmart Partnership Ending in 2024
National Vision Holdings, Inc. (NASDAQ: EYE) (“National Vision” or the “Company”), the nation’s second largest optical retailer providing quality, affordable eye care and eyewear, today announced its partnership with Walmart Inc. (“Walmart”) will be ending in 2024.
- National Vision Holdings, Inc. (NASDAQ: EYE) (“National Vision” or the “Company”), the nation’s second largest optical retailer providing quality, affordable eye care and eyewear, today announced its partnership with Walmart Inc. (“Walmart”) will be ending in 2024.
- “We value and appreciate the contributions that our partnership with Walmart has had in helping us grow National Vision over the past three decades.
- In addition, we remain focused on returning to a mid-single digit adjusted operating margin.”
On July 20, 2023, Walmart notified National Vision that it is not renewing its agreement for the Company to operate Vision Centers inside select Walmart locations as of February 23, 2024. - Walmart also notified FirstSight Vision Services, Inc. (“FirstSight”), a wholly owned subsidiary of National Vision licensed as a single-service health plan in California, that as of February 23, 2024, it is ending the relationship whereby FirstSight arranges for the provision of optometric services at offices next to certain Walmart stores in California.