WellPoint Inc. will sell contact lens and eyewear retailer 1-800 Contacts to private-equity firm Thomas H. Lee Partners, unloading a company it bought for around $900 million less than two years ago. The Indianapolis-based insurer also agreed to sell the glasses.com website and its technology for helping people try on glasses virtually, which were part of the 1-800 Contacts purchase, to Italian eyewear company Luxottica Group SpA. Financial terms of the transactions weren't disclosed, but WellPoint said it would record an impairment charge of between 52 cents and 57 cents a share in the fourth quarter of 2013.
SEATTLE , March 14, 2012 /PRNewswire/ -- REI ( Recreational Equipment, Inc .), a national retailer of quality outdoor gear and apparel, today announced 2011 sales of $1.80 billion , up 8.4 percent from $1.66 billion the previous year. Operating income was $116.2 million , down slightly from $116.6 million in 2010. Net income was $30.2 million , relatively flat to 2010. As the country's largest consumer cooperative with a significant membership base, REI welcomed nearly 842,000 new members in 2011, up 7 percent from 2010. (Logo: http://photos.prnewswire.com/prnh/20120306/SF65403LOGO ) "We experienced strong sales