Wine Resilient as Costs, Challenges Rise
Sales in the on-premise channel have been a bright spot for the wine industry, with tax-paid shipments of wine into the channel prompting market research firm bw166 to estimate consumer spending at $36.6 billion in the 12 months ended July. While this is approximately just half the value of total off-premise sales, value growth occurred […]
New Lists Reflect New Demands
There are more options available in bars and restaurants than ever before, with drinks to suit every taste. It’s a good thing for consumers, but it may also be reason for the wine industry to rethink its on-premise strategy to retain and increase its share of mouth. “It’s an amazing time to be a diner […]
Industry Metrics: Total Market up 3%
Domestic Wine Sales Value 12 months ended August 2024 +3% U.S. wine sales including bulk imports, bw166 Other Industry Metrics for August 2024 (versus August 2023) data: -4% off-premise sales value, NIQ channels -2% on-premise sales (52 weeks ended June 15), CGA by NIQ -9% DtC shipment value, WineBusiness Analytics/Sovos ShipCompliant -37% Winery Job Index, […]
Upcoming Events
SommConn Conference and Beverage Expo: Oct. 5-7 SommConn is the premier gathering for professionals in the wine, beer, and spirits industries, offering opportunities for education, networking, and career development at the Town & Country Resort in San Diego, Calif. sommconusa.com Winejobs.com Summit: Nov. 12 Winejobs.com Summit is a one-of-a-kind gathering for HR managers to connect […]