February 2018 marked the tenth anniversary of our first Specsavers optometry practices opening in Australia. In just ten years we’ve grown the business from no stores, no joint venture partners and no clients to the point where we now have 324 practices, and in the past 12 months, our optical partners’ stores collectively generated $947 million in annual sales – and record profits too.
The ten year record of achievement is impressive: our partners’ businesses have created more than 5000 current jobs and earned a market share of over 40 per cent by volume. Our Support and Field Teams – responsible for supporting our audiology and optical businesses – number more than 500 people, providing a wide range of day-to-day support services, from back-office administration and marketing to professional development, retail consulting and more.
Business growth continues and in the last year alone, optical store sales grew by over $85 million. Meanwhile, the audiology side of the Specsavers business has got off to a great start, with 25 locations open by Easter, sales already numbered in the millions of dollars and every optical store patient over the age of 40 being offered a no-cost hearing screen.