Tag Archive: retailers
Interview: Binstein Talks Specialty Spirits, Forecasts Revenue Rise Of 10% For 2012
Chicago-based retailer Binny’s Beverage Depot posted revenues of $254 million in its fiscal year ending August 31, 2011 and projects a 10% sales increase to $280 million for fiscal 2012. This month, Binny’s will open its first downstate store, in Champaign, Illinois, as reported by Shanken News Daily last fall. Continue reading →
Posted in News on February 3, 2012Spec’s Deal For Sigel’s Is Off For Now
Tony Bandiera, owner of 10-store Dallas retail chain Sigel’s, has elected not to accept the recent takeover offer from fellow Texas retailer Spec’s Wines, Spirits & Finer Foods. Continue reading →
Posted in News on January 12, 2012‘Twas The Season: News Highlights From The Holidays
While other industries slow down during the holiday season, the drinks business heats up, as evidenced by the flurry of activity that occurred in the final days of 2011. Here’s a quick recap: Continue reading →
Posted in News on January 3, 2012Texas Retailer Sigel’s Reveals Female-Friendly Strategy
The buying power of women has soared, with most estimates showing that female shoppers account for more than 80% of all purchasing decisions. Beverage alcohol is very much in that mix, and many liquor retailers have responded by revamping their selling strategies. Tony Bandiera Jr., owner and CEO of the 13-unit Sigel’s Beverages L.P. in Dallas, Texas, has modeled all his stores with female shoppers in mind, and the effort has paid off. Continue reading →
Posted in News on December 9, 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, 2011Total Wine Moving Into Texas And New Mexico, Sets Five-Year Plan To Reach $2 Billion In Sales
Potomac, Maryland-based Total Wine & More, which just opened its 78th store in Sacramento, California, plans to move into the Dallas market with one store and into New Mexico with at least two stores next year. The company has also set a five-year goal of doubling revenues from this year’s $1 billion, according to Total Wine’s executive vice president Michael Salzberg, who joined the company three months ago after long tenures at E&J Gallo Winery, PepsiCo, Campbell Soup Co. and its Pepperidge Farm subsidiary. Shanken News Daily recently interviewed Salzberg about Total Wine’s latest expansion plans. Continue reading →
Posted in News on November 11, 2011
