Industry Analysis & Industry Trends
Over the five years to 2012, 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 2017, 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 Analysis Chapter
The ongoing state liberalization of liquor laws is increasing competition internally and externally for stores that primarily sell alcoholic beverages. Additional alcohol retail licenses for liquor stores in some states and for supermarkets in others are making beer, wine and liquor more readily available to consumers. The added competition, along with changing consumer sentiment, is pressuring the Beer, Wine and Liquor Stores industry to cut prices. However, rising consumer spending is expected to boost revenue by 1.0% in 2012.
Revenue is expected to stay steady between 2007 and 2012, growing at an annualized rate of 1.0% to total $45.8 billion because consumers have been drinking at home instead of splurging on restaurant, bar or nightclub outings... purchase to read more