Drugstore.com Inc. (DSCM) said that it has formed a strategic, multi-year ecommerce alliance with Luxottica Group S.p.A. (LUX) to expand online access to contact lenses in the North American market.
Under the exclusive agreement, Vision Direct Inc., an online contact lens retailer and a unit of drugstore.com, will collaborate with Luxottica to develop branded, contact lens ecommerce sites for the company's North American business, and provide customer care and fulfillment services.
The alliance will enable Luxottica, starting with its retail brands, to offer a comprehensive solution for consumers to conveniently purchase contact lenses in-person, by telephone or online.
In addition, the two companies will pursue synergies such as purchasing contact lenses on behalf of the alliance and plan to cooperate in a number of other related areas, including Luxottica's North America-based wholesale business.
drugstore.com noted that it will incur a one-time advisory fee in connection with entering into this alliance, which will be reflected in its fourth quarter earnings.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.