Industry Analysis & Industry Trends
Operators in the Beer, Wine and Liquor Stores industry remained in high spirits over the five years to 2016, despite having experienced virtually no revenue growth over the period. Due to rising consumer confidence, more consumers have purchased high-margin products such as craft beer, bolstering industry profitability. Furthermore, deregulation of the beer, wine and liquor market in many states has allowed more stores to enter the industry. This trend is a double-edged sword, however, as deregulation has also heightened competition by providing an opening for supermarkets, grocery stores and gas stations to enter the market. Nevertheless, revenue is expected to grow over the next five years as stores generate greater sales of high-margin products... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld expects continued demand for specialized liquor stores in most communities throughout the country. While industry value added (IVA), which measures an industry's contribution to the overall economy, is anticipated to increase at an annualized rate of 1.7% during the 10 years to 2021, GDP is expected to grow at an annualized rate of 2.3%, over the same period. The industry's relatively slow IVA growth in comparison with overall US GDP reflects the mature nature of the Beer, Wine and Liquor Stores industry.
The Beer, Wine and Liquor Stores industry will grow at a modest rate due to other external operators, such as wholesalers and grocery stores, intensifying their alcoholic beverage sales... purchase to read more