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  September 5, 2001
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Home > Company Index > Retail > Drug, Health & Beauty Product Retailing > 1-800 CONTACTS, INC.

1-800 CONTACTS, INC.
Nasdaq: CTAC
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 PROFILE
Lose a contact? If you can still see to dial the phone or click on a mouse, you can get replacement lenses with little hassle from 1-800 CONTACTS. The firm sells lenses primarily by phone but also through its Web site. It offers thousands of lenses that it buys from major manufacturers and, failing that, from unauthorized distributors. The company encourages -- but does not require -- its customers to provide valid prescriptions for their lenses, and its practices allegedly violate the laws of some states. (1-800 CONTACTS says eye doctors -- its competitors -- have illegally refused to verify prescriptions for the company.) Co-founders Jonathan Coon and John Nichols own 29% and 12% of 1-800 CONTACTS, respectively.

 COMPETITION
Cole National Corporation (CNJ)
LensCrafters, Inc. (dossier)
National Vision, Inc. (VSTAQ)

 DEALS
Deal: 1-800 Contacts Buys Contact Lenses Online
Date Announced: 05.05.99
Value of transaction (US $Mil): 1.2
Description: Contact-lens direct-marketing firm acquires online contact-lens retail site for $1.2 million.

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 145.00
1-Yr. Sales Growth: 47.2%
Employees: 368
Revenue per employee: $394,021.74

 KEY PEOPLE
• Jonathan C. Coon
    CEO
• Scott S. Tanner
    CFO

 CONTACT INFO
66 E. Wadsworth Park Dr., 3rd Fl.
Draper, UT 84020
US
Phone: 801-924-9800
Fax: 801-924-9905
Online: Web Site

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