Industry News

Industry News Articles

• April 6, 2018

  Re-Think Retail: The Store Must Do More - Ahead of the Curve

  THE COWEN INSIGHT

  
  How To "Breakthrough" In The New World Of Retail? Profound shifts in customer expectations are forcing retail business models to innovate and change or risk long-term failure. Stores are vital to retail; however, the fundamental...

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• April 6, 2018

  Consumers Crave More Drink Flights

  85% of consumers decide what type of alcoholic beverage they're going to drink after they get to the bar or restaurant, according to Next Level Marketing's annual consumer survey. Once there, they tend to base their decision on:

   

  1) drink menu Full Article
• April 5, 2018

  A Worker Shortage is Forcing Restaurants to Get Creative

  The owner of Taco Bamba Taqueria peered out from the kitchen at the line of customers snaking around the corner at his latest spot in a suburban Virginia strip mall, and felt terror. Who was going to cook, serve and clean up for all these people?

   

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• March 15, 2018

  Robust Sales for Premium, Small-Production Wines

  Higher priced wines have seen some of the strongest sales growth.

   

  While sales of domestic wines were flat in February at $2.8 billion, a deeper dive into the data points to relatively strong growth in off-premise movement of $25-plus wines and s...

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• March 5, 2018

  On-Premise Consumers are Ordering Better Quality Drinks More Often

  More consumers are consistently ordering beverage alcohol when they go out to eat. In fact, 84% of the 1,000 consumers surveyed in Next Level Marketing's annual report (conducted in February) said they are ordering alcoholic drinks nearly every time they go out, up 5% from last yea...

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• February 19, 2018

  Americans Spending More on Wine but Volume Growth is Slowing

  Americans will continue to move up from entry-level wines to the lower rungs of premium brands, but the total volume growth in wine sales in the US is beginning to flatten out after 20 years of steady growth, according to a report by the Silicon Valley Bank's Wine Division.

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• February 19, 2018

  20 Year Strong US Wine Boom Tailing Off

  While the US has experienced a boom in wine sales over the past two decades, that growth is now levelling off, according to the Silicon Valley Bank's (SVB) 2018 State of the Wine Industry Report, with retiring baby boomers and "frugal" millennials driving a "rotation"...

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