Tag Archive: ABC Fine Wine & Spirits
Orlando-based ABC Fine Wine & Spirits continues the massive modernization plan it began several years ago and has consolidated its business in the Sunshine State to 142 units from a previous high of 200 (14 years ago). Chairman & CEO Charles Bailes notes, “It’s not a numbers game anymore in terms of number of stores. I pay attention to sales and obviously to our bottom line.” ABC’s sales are on the rise, despite increased competition from rival chain operators and grocery stores. Its total revenues last year reached an estimated $500 million. Bailes recently spoke with SND about Florida trends and ABC’s role within the market. Continue reading →Posted in News on April 16, 2014
After the recent introduction of two new bills in the Florida legislature that would allow spirits to be sold alongside wine and beer in supermarkets and retail stores, Florida’s independent retailers are seeing the move as a call to arms. The two new proposals, in the Senate (SB804) and the House of Representatives (HB877), are being supported by Walmart and opposed by the Florida Independent Spirits Association, as Shanken News Daily reported on January 21. Committee chairmen in both chambers will soon decide whether these bills will receive hearings.
Charles Bailes, Chairman and CEO of the 142-unit ABC Fine Wine & Spirits, Florida’s largest independent beverage alcohol retailer, views these bills not only as threatening to small independent retailers in Florida, but also to the control of underage drinking. He recently spoke to Shanken News Daily about this issue. Continue reading →Posted in News on February 27, 2014