Industry Analysis & Industry Trends
Operators in the Beer, Wine and Liquor Stores industry remained in high spirits over the five years to 2015, 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 Products Chapter
The Beer, Wine and Liquor Stores industry not only sells alcoholic beverages but also snack foods, nonalcoholic drinks and tobacco products. Although sales of alcohol and tobacco have increased during the five years to 2015, customers tightened their budgets by purchasing soft drinks, food and other groceries elsewhere. As a result, the industry has focused on sales of alcoholic beverages and reduced their inventory of additional products.
While per capita expenditure on alcohol is expected to increase at an average annual rate of 1.4% during the five years to 2015, this trend can be attributed to growth in wine and spirits consumption... purchase to read more