Daily Archive: January 27, 2012
After Strong Fourth Quarter, Charmer Sunbelt Expects Robust Organic Growth in 2012
Coming off a strong fourth-quarter, New York-based distributor Charmer Sunbelt reported total sales revenue of $4.8 billion in 2011, including all owned and joint venture operations. This year, Charmer Sunbelt expects organic growth within its existing portfolio in the range of 3%-4%. Charmer Sunbelt CEO Charlie Merinoff cites strong on-premise performances in key metro markets as an indication of improved consumer confidence. Shanken News Daily interviewed Merinoff recently about trends in the 10 states (plus Washington, D.C.) where Charmer Sunbelt does business and the overall issues facing the distribution tier. Continue reading →
Posted in News on January 27, 2012Total Wine, Other Chains Preparing To Enter Washington State
Maryland-based retailer Total Wine & More is gearing up to enter Washington state, where the recent passage of Initiative 1183 will end the state’s retail monopoly on liquor June 1. Continue reading →
Posted in News on January 27, 2012News Briefs for January 27, 2012
•Ste. Michelle Wine Estates saw shipments jump 11% to 2.36 million cases in the three months through December, its fiscal fourth quarter. Continue reading →
Posted in News on January 27, 2012
