Industry Analysis & Industry Trends
Over the five years to 2014, uncertainty and unemployment constrained consumer budgets; as a result, consumers bought more alcoholic beverages from the Beer, Wine and Liquor Stores industry instead of going out in order to save money. In the five years to 2019, escalating competition from restaurants and bars is expected to inhibit revenue growth as consumers with rising incomes choose to drink more on-premises beer, wine and liquor. Profit will improve just slightly as states' deregulation allows stores to purchase more products in bulk and bypass some distributors. Stores will offer a wider selection of products or specialize in a specific type of beverage to meet consumer demand in particular locations, especially ones that face competition due to deregulation... purchase to read more
Industry Report - Industry Locations Chapter
The industry is most concentrated in the heavily populated regions and cities of the Mid-Atlantic, which comprises about 24.1% of total establishments and includes New York, which accounts for 8.3% of total establishments. Additionally, the Southeast and Great Lakes regions are heavily concentrated with industry establishments and account for 18.0% and 15.6% of total establishments, respectively. Relatively large establishments, in terms of employment and revenue, tend to be found in the Mid-Atlantic region. Nonetheless, the industry is small business oriented, with about two-thirds of establishments employing fewer than four people.
The distribution of establishments is also affected by state regulation (see Regulation and Policy section)... purchase to read more