Tag Archive: retailers
Binny’s Maps Plans To Expand In Downstate Illinois And Wisconsin
With its 27th store opening late last week, Chicago-based Binny’s Beverage Depot is laying plans for the next stage of its expansion. Continue reading →
Posted in News on November 7, 2011Total Wine & More Continues California Expansion With New Sacramento Location
Total Wine & More has opened a new location in Sacramento, continuing its aggressive West Coast expansion and ramping up competition with California’s BevMo. Continue reading →
Posted in News on October 28, 2011INTERVIEW: Midwest Retail Giant Hy-Vee Prospers Despite Downturn By Thinking, Acting Locally
Sales of beverage alcohol at the 245-unit Hy-Vee Inc. supermarket chain throughout the Midwest approached $500 million at the end of its fiscal year on September 30, according to Jay Wilson, vice president of wine & spirits. Total sales at the employee-owned chain were at $7 billion for the period. Hy-Vee is opening 3 new stores this year, and will have 248 units in the following eight states by year-end: Iowa, Nebraska, South Dakota, Minnesota, Wisconsin, Illinois, Missouri and Kansas. Its beverage alcohol departments range from 6,000 square feet down to a single 40-foot aisle. Wine and spirits each account for 30% of sales, with beer at 40%. The chain has made a commitment to educating its sales staff and has become a destination for wine, spirits and beer drinkers seeking selection and good value. So far, over 350 employees have received certification recognized by The Society of Wine Educators. Shanken News Daily recently spoke with Jay Wilson about trends in his markets. Continue reading →
Posted in News on October 14, 2011Sherry-Lehmann’s Adams Optimistic About High-End Wine Business, Expanding Into New Territory
Sherry-Lehmann Wine & Spirits, the 77-year-old retailing powerhouse in New York City, has enjoyed steady growth in the wake of the recession and continued success of its Bordeaux business after Diageo pulled out in 2010. Led by CEO Chris Adams, who was also named chairman in November 2010, the Manhattan institution totaled $44.5 million last year, and Adams says sales were up 13% in the first half of 2011. Shanken News Daily recently spoke with Adams to discuss current retail trends and Sherry-Lehmann’s outlook for the future. Continue reading →
Posted in News on August 26, 2011Retailers Make “Net” Gains In Marketing
With the soft economy placing businesses in dire financial straits, off-premise retailers are shrinking their ad budgets by embracing digital advertising that attracts a most desirable demographic: 21- to 35-year-olds. Continue reading →
Posted in News on August 17, 2011Premiumization Alive And Well In Fast Rising Sake Category
Sake has long been considered a niche category within the U.S. drinks market, but it now appears to be one of the areas of the industry offering a clear opportunity for premiumization amid what remains a fragile economy. Continue reading →
Posted in News on August 16, 2011
