logo
Plus   Neg
Share
Email

National Vision Extends Long-Standing Partnership With Walmart By Three Years - Quick Facts

Optical retail company National Vision Holdings, Inc. (EYE) announced Monday that it has entered into an amendment to its existing Management & Services Agreement (MSA) with Walmart Inc. (WMT), effective July 17th, 2020, to extend the current term and economics of the MSA by three years to February 23, 2024.

As part of this amendment, the MSA will automatically renew for an additional three-year term unless either party provides notice within seven months of the end of the initial term. National Vision currently operates 231 Vision Centers inside select Walmart locations.

National Vision said the contract extension is just another great part of this year's celebration of its 30 years of optical partnership with Walmart.

Additionally, the Company has successfully completed the transition to its management of the five additional Vision Centers granted in January 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
United Airlines has rolled out an interactive online "Map Search" feature for its customers in collaboration with search giant Google. The new feature is powered by Google Flight Search Enterprise Technology. United is claimed to be the first airline in the U.S. to add this feature. The new feature, available on United.com, allows customers to easily search, compare and purchase flight tickets. GHSW, LLC. is recalling Trader Joe's Southwest Style Sweet Potato Sauté Bowl citing undeclared milk and egg allergens in the dressing, according to the Food and Drug Administration. The recall was initiated after it was discovered that the dressing in the bowl contains milk and egg, but are not declared on the label. California Gov. Gavin Newsom signed an executive order on Wednesday that bans the sale of new gasoline-powered vehicles in the state by 2035. With this, California plans to phase out the sale of all gasoline-powered vehicles and to drastically reduce demand for fossil fuel in its fight against climate change. The order directs the California Air Resources Board to develop a plan.
RELATED NEWS
Follow RTT