Clearly Contacts Founder Steps Into Shoe Business with Acquisition of

Roger Hardy is taking his rewards from selling an online contact lens company and making a big bet on shoes.

Roger Hardy, founder and former CEO of optical giant Coastal Contacts, announced today his company, Hardy Capital Partners, along with a small group of Canadian investors, have acquired Seattle's for $140 million and Vancouver's

ShoeMe was recently included as part of June's Techvibes 20 list.

Hardy intends to consolidate the two companies, creating the largest online footwear operation headquartered in Canada.

The combined entity will have more than 250 employees across North America with combined annual revenues of approximately $200 million.


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"The footwear category in North America is estimated at more than $50 billion and there are large segments of the population being grossly underserved," said Hardy in a press release.

"We are determined to redefine the shopping experience for North American consumers while delivering the savings and convenience they've come to expect from other online categories," he added.

Hardy is no stranger to disrupting industries through e-commerce. In February it was announced his company, Coastal Contacts, the largest online eyewear company on the planet, was being sold to French eyewear giant Essilor for $445 million.

Hardy will take the reigns of the consolidated online shoe company as Chairman and CEO. Sean Clark, founder of ShoeMe, and a former employee of Coastal Contacts, will remain as president of the Canadian operations while a 100-day consolidation plan is rolled out.

Vancouver, British Columbia, Canada

Clearly is the largest online eyewear company in the world with a mission to make vision correction accessible worldwide. Founded in 2000, Clearly's family of websites offers the most extensive selection of contact lenses, eyeglasses and sunglasses shipped directly to your door. Through Clearly’s Change the View Project, every purchase helps fight poor vision by providing access to tailored eye... more

Vancouver, British Columbia, Canada

SHOES.COM is Canada’s leading online footwear and apparel retailer serving over 8 million customers and offering a selection of over 500 brands. In 3 short years the company has grown from team of two working out of a Vancouver basement suite, to a team of over 500 people spanning four locations across North America. The SHOES.COM team is dedicated to the simple goal of helping you discover... more

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Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more

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