Close X

Leave a comment


Name:
Email:
Comment:
  I have read and understand the terms and conditions
 

Please click the post button only once - your comment will not be published immediately
This website is currently in BETA

Internet Business

Business Focus >>

The new manufacturers The new manufacturers

A great British renaissance has been taking place. From Aberdeen to the West Country, the zing is back in manufacturing. It’s about time this spectacular story was told.

  • hot
  • hot 100
  • 50 to watch in mobile
  • Entrepreneurs Summit

Online retailer turns eyewear into fashionwear

by Kate Pritchard - Friday, 25th April 2008 -

Online retailer turns eyewear into fashionwear

High street opticians were cross-eyed with fury when James Murray Wells launched Glasses Direct, selling specs online at a fraction of the price. As the industry moves from function to fashion, Murray Wells is using the web to revolutionise buying habits.

“It’s one thing to be able to save people a hell of a lot of money but I want to change the entire way people buy glasses,” says Murray Wells, who set up Glasses Direct in 2004 when he was still a nipper at university.

We’re interviewing Murray Wells as part of the My First Million series we’re running in association with Orange, and he’s sporting a rather garish pair of red specs.

“I have a different pair for every day of the week,” he says. “Now that glasses are so affordable [prescription glasses start at £15 on his website], people are realising that they can own four or five pairs. Glasses are becoming a fashion accessory."

Murray Wells says that “stuffy, old-school retailers” sell glasses according to their price bracket. As more people flock to the internet to buy essential items at knock-down prices, Murray Wells is rolling out new marketing techniques, selling glasses according to people’s moods and activities. "If you’ve got a hot date lined up, you can buy a pair of romantic glasses. If you’re about to clinch a multi-million pound deal, you can pick up some serious business specs," he says.

Sales at Glass Direct hit £2.4m in 2007. Murray expects turnover to top £8m this year and is setting his sights on international expansion. Pretty impressive for someone who spent £500 “knocking together a website” while studying for his degree.

"In many ways, we're recession-proof," he says. "Glasses are a product that you need and we deliver them at better value than anyone else."

BUSINESS NEWS >>

New blood shakes up family business

By Rebecca Burn-Callander - July 04, 2008 12:39pm GMT

When Tim Perutz joined the family business, Nimlok was in poor shape. Within two years he’d taken the firm into profit, and cracked 55 countries worldwide.

"Fuel duty will cripple us"

By Kate Pritchard - July 04, 2008 12:28pm GMT

This week, hauliers descended upon the capital, sounding their horns in protest of the rate of fuel duty and waving banners reading “Truck off”. “If this situation continues, it will cripple us, if not ruin us,” says transport entrepreneur Bill Hockin.

Grass Roots entrepreneur receives an MBE for social responsibility

By Kate Pritchard - July 03, 2008 5:24pm GMT

David Evans set up Herfordshire-based performance improvement firm Grass Roots in the eighties. Today, he turns over a whopping £247m, employs over 1,000 people and has just become one of only three people in the country to receive an MBE for services to CSR.

Foresight invests in Silvigen

By Real Deals & Real Business - July 03, 2008 3:45pm GMT

Silvigen, a supplier of biomass fuels for use in the power industry, will use £1.75m from Foresight to finance the development of a processing plant in Goole, North Humberside.

Countdown to Human Capital Awards

By Catherine Woods - July 03, 2008 3:38pm GMT

At last year’s CBI/Real Business Human Capital Awards, prison administrator Vicky O’Dea was crowned the ‘people’s champion’.


BUSINESS COMMENT >>

Lee McQueen pulls a sickie

By Rebecca Burn-Callander - July 02, 2008 2:55pm GMT

First day on the job and Apprentice winner McQueen has been struck down by a flu-like virus.

Look out Boris! Sir Alan for Mayor?!

By Ally Papasodaro - June 27, 2008 4:10pm GMT

Sir Alan Sugar has been mooted as a possible labour candidate for Mayor of London, and the grizzly entrepreneur is up for the challenge.

The world's first Tibetan consumer brand?

By Matthew Rock - June 26, 2008 4:41pm GMT

Bizarre.

Elnaugh Vs. Paphitis. The Dragons are at war

By Rebecca Burn-Callander - June 26, 2008 2:45pm GMT

When Theo Paphitis suggested all women’s brains “turn to mush” when they get pregnant, fellow Dragon Rachel Elnaugh, entrepreneur and mother-of-five, breathed fire and brimstone.

I’m so excited. And I just can’t hide it.

By Rebecca Burn-Callander - June 25, 2008 11:09am GMT

Anyone else gearing up to go wild over the new domain name changes? No? Just think of the wit, variety and confusion it will bring to the world wide web.


Click here to sign up for the Real Business newsletter
Real Business Front Cover