
Beer, Wine & Liquor Stores
Description
Brief Excerpt from Industry Overview Chapter:Companies in this industry sell beer, wine, and liquor products from physical retail establishments. No major companies dominate; in the US, individual states have different laws regulating liquor stores, complicating the ability to form national chains.COMPETITIVE LANDSCAPEPersonal income, consumer tastes, and entertainment trends drive demand. The profitability of individual companies depends on effective marketing and competitive pricing. Large companies offer wide selections and deep discounts, but small companies compete by offering specialized merchandise, providing superior customer service, or serving a local market. The US industry is highly fragmented: the top 50 companies account for less than 25% of sales.PRODUCTS, OPERATIONS & TECHNOLOGYMajor products are alcoholic beverages, accounting for about 90% of the industry's revenues. Tobacco products and smoking accessories, account for nearly 5% of sales and soft drinks and nonalcoholic beverages (less than 5%). Other products (nearly 5%) include automotive fuels and candy, prepackaged cookies, and snack foods. State laws dictate the type of alcohol sold in a particular venue. In some states, only liquor stores can sell hard liquor.
Table of Contents
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
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