Tag Archive: Champagne
Russia’s Imported Wine Market Returns To Growth Mode
Russia’s wine market slipped by 1% to 126 million nine-liter cases last year, its second straight annual decline after hitting 130 million cases in 2008, according to Impact Databank. Continue reading →
Posted in News on December 6, 2011Interview: D.C. Retailer Calvert Woodley Sees Sales Hitting $20 Million This Year
Washington, D.C.-based retailer Calvert Woodley is renowned for its Bordeaux selection and has been selling Bordeaux futures since 1966. With a mere 5,000 square feet of floor space, the store’s revenues are projected to top $20 million this year—ranking it among the country’s highest-grossing beverage alcohol retailers per square foot. The business was launched in 1982 when Calvert Liquors merged with Woodley Wine & Liquor, and it’s still owned and operated by original owners Aaron Bernstein and Ed Sands. Sales have increased modestly in recent years, with wine comprising 55% of revenues, spirits 35%, beer 5% and cheese and deli 5%. Shanken News Daily recently spoke to Ed Sands about the outstanding 2009 and 2010 Bordeaux vintages and trends in his market. Continue reading →
Posted in News on December 2, 2011News Briefs for November 23, 2011
•Champagne Deutz has left Maisons Marques & Domaines USA (MMD)—the marketing unit for Champagne Louis Roederer and Roederer Estate—in exchange for a “regional representation” strategy. Continue reading →
Posted in News on November 23, 2011Champagne Demand Increases Worldwide, Prices In U.S. To Move Up
Rapid recovery in mature markets and soaring demand in the emerging countries of Brazil, Russia, India and China has put global Champagne supply under pressure in the run-up to the crucial holiday selling season, with brands now on allocation and price hikes in the offing for 2012. Continue reading →
Posted in News on November 4, 2011News Briefs for October 28, 2011
•The Pennsylvania Liquor Control Board (PLCB) has unveiled its latest Fine Wine & Good Spirits store in Indiana County. Continue reading →
Posted in News on October 28, 2011Rarified Retailer: Dennis Overstreet, Owner Of The Wine Merchant Beverly Hills
The Wine Merchant Beverly Hills is one of the Los Angeles market’s leading wine and spirits retailers, boasting a rarified international clientele. Five years ago, proprietor Dennis Overstreet relocated from his high-rent 25,000-square-foot store on Rothbury and Santa Monica Boulevard to a 2,000-square-foot shop on Canon Drive in the Beverly Hills Triangle. He conducts dinners and tastings at a 40,000-square-foot wine cellar in West Los Angeles, three and half miles away from the store. Overstreet’s total revenues were $4.5 million last year—with 80% of sales in wine and 20% in spirits. He expects to hit $5 million by the end of this year. Overstreet also owns and operates two restaurants, The Dock and The Porch, in Newport Beach. Shanken News Daily recently spoke to Overstreet about trends in his retail business. Continue reading →
Posted in News on October 21, 2011
