The University of New South Wales (UNSW) School of Optometry and Vision Science is currently seeking applications for 10 different Scientia PhD scholarships in eye health.
ASX-listed medical device company Visioneering Technologies (VTI) is aiming to raise up to $11.1 million in new capital after securing fresh commitments from lead investors.
The Australian College of Rural & Remote Medicine (ACRRM) has begun the process of gaining recognition for ‘Rural Generalist Medicine’ as a specialised field within general practice. Approval of the specialisation is expected to help rural doctors address the diverse healthcare needs, including ocular issues, of remote communities.
Five Australian ophthalmologists have received awards as part of the 2019 Queen’s birthday honours list, including two researchers from Lions Eye Institute (LEI).
Australia’s two largest optical dispensing associations, which have gradually drifted apart since industry deregulation, have agreed to settle their differences and reunite.
Orthoptics Australia (OA) will host the profession’s international conference in 2024, marking 30 years since it was last held on Australian shores. Read more
EssilorLuxottica appears to have resolved its governance crisis, while at the same time announcing that its Australian retail business contributed strongly to international sales. Read more
Woolworths Group has announced it will close its entire 41-store Big W Optical business. Following its 2007 launch, the chain failed to gain a foothold in Australia’s competitive high-volume optical market, or emulate the model employed by Walmart in the US. Read more
Woolworths Group has confirmed it will close its entire 41-store Big W Optical business, affecting 175 staff, amid a slew of cutbacks at the company.
Confirmation of the closure of Big W’s optical business – which the company expects to be completed by early July – comes as Woolworths announces it will close 30 of its Big W stores over the next three years, representing 16% of its store network.
In explaining the reason behind the closure of Big W Optical, a company spokesperson told Insight: “As part of our strategic review, we are working toward building a stronger and more profitable Big W for the future and therefore we have made the decision to focus on categories that are core for our customers.”
In June 2016 Big W Optical operated 27 stores, expanding to its current number over the following years.
The wider closures across Big W follows a review of its 183 stores nationally. The decision is expected to cost Woolworths approximately $370 million and will impact the supermarket giant’s 2019 profit results.
“As foreshadowed at our half year 2019 results, while the recovery in trading for Big W is encouraging and there rains further opportunity for improvement, the speed of conversion to earnings improvement is taking longer than planned,” Mr Brad Banducci, Woolworths Group CEO, said.
“This decision will lead to a more robust and sustainable store and DC network that better reflects the rapidly changing retail environment. It will accelerate our turnaround plan through a more profitable store network, simplifying current business processes, improving stock flow and lowering inventory.”
Big W’s optometry department was launched in 2007 to compete with major optical chains.
More than 4,000 eyecare professionals and clinical support staff have registered with KeepSight, equating to a quarter of all healthcare providers expected to subscribe to the new national diabetes eye screening program. Read more