Wal-Mart reduces costs on eyewear

Bentonville, Ark. Wal-Mart Stores on Thursday announced it has sharply reduced prices for both contact lenses and children's eyewear as part of an effort to help customers cut down on healthcare costs.

Through a partnership with 1-800 Contacts, the world's largest retailer of contact lenses, the chain said it can save shoppers as much as 12% to 50% on a yearly supply of lenses. Additionally, Wal-Mart has lowered its prices on glasses and frames for children and teens.

"By offering greater accessibility and affordability, we believe the customer savings could reach $400 million during the first three years of this alliance,” said Dr. John Agwunobi, senior VP and president of