Industry Analysis & Industry Trends
Operators in the Beer, Wine and Liquor Stores industry remained in high spirits over the five years to 2014, despite some initial recessionary turbulence at the beginning of the period. Due to a fall in discretionary income in 2009, many consumers curbed their alcohol purchases for consumption at bars and restaurants. Instead, many individuals purchased alcoholic beverages at wine, beer and liquor stores, which has buoyed revenue growth. In the coming years, disposable income is anticipated to grow, bolstering consumer confidence and increasing attendance at restaurants and bars that typically sell alcohol at high markups. Therefore, as more consumers drink alcoholic beverages on these premises, demand for liquor stores will decrease... 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 2.5%, 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