Industry Analysis & Industry Trends
During the five years to 2014, the Wine, Beer and Liquor stores benefited from deregulation and growth in consumers' off-premise alcohol consumption. However, the ongoing state liberalization of liquor laws is intensifying competition from internal and external competitors. While some states offered additional alcohol retail licenses, which allowed more retailers to enter the industry, it also permitted external industries, such as supermarkets and wholesalers, to sell alcohol. As a result, deregulation has increased external competition, which has caused many operators to lower prices to remain competitive, thereby constraining revenue growth over the period... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
IBISWorld expects continued demand for specialized, convenient 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 1.9% during the 10 years to 2019, GDP is expected to grow at an annualized rate of 2.7%, over the same period. The industry's IVA grew at a slow pace during the five years to 2014, as competition intensified among industry operators and competitors.
The Beer, Wine and Liquor Stores industry will grow at a slow rate as other external operators, such as wholesalers and grocery stores, cause competition to intensify... purchase to read more