Off-Premise Alcohol Sales Up 18.6% From Previous Year
Alcohol continues to be one of the fastest growing consumer goods categories off-premise, up 18.6% for the week ended July 25, according to Nielsen. The growth gap between the three categories continues to widen as spirits growth was up 31% in dollars, while wine saw...
Diageo Shifting Strategy After 47.1% Fiscal Year Decline
Johnnie Walker owner, Diageo, saw their operating profits decline 47.1% down to $2.7 billion in fiscal year 2020 due to COVID-19 and challenging trade conditions. Throughout the second half of the fiscal year ending on June 30, the company was forced to reduce costs,...
Alcohol Growth Rates Settling into the “Next Normal”
The way the US has responded to the Coronavirus has certainly not been uniform, as nearly every state or region has its own strategy and timeline for dealing with it. As a result, sales trends have not followed a linear trajectory, rather they have ebbed and flowed as...
Key On-Premise Markets Stabilizing
The US on-premise channel is beginning to stabilize and consumers are warming up to the idea of returning to restaurants and bars, according to Nielsen CGA's most recent report. Dollar velocity for the on-premise has improved by 3% for the week ended July 18. After...
Craft Distilleries Getting Creative to Serve Their Consumers
As states continue to reopen, craft distilleries are figuring out new ways to get whiskey to consumers during the latest phase of guidelines. Relaxed laws on direct shipping to consumers have allowed distilleries to utilize their online channels, while spacious...
Congress Set to Begin Negotiations on New Stimulus Package
Senate Majority Leader Mitch McConnell revealed key pieces of a proposed Republican stimulus package on Monday afternoon. The proposal includes a second round of direct $1,200 payments to Americans, a replacement of the $600-per-week federal unemployment assistance...
Airbus Offers Concession to End US Tariffs on Wine and Whiskey
Europe’s Airbus is set to increase loan repayments to Spain and France in an effort to reverse US tariffs and settle a 16-year old dispute regarding aircraft subsidies between the countries. The US won World Trade Organization authorization last year to impose a...
B-F Discusses Fords Gin Appeal and Potential Future Acquisitions
In June 2019, Brown-Forman entered the gin category with the acquisition of The 86 Company, creator of Fords Gin. The global drinks company is looking to expand the brand into the likes of Germany, Spain, the UK, Brazil and Australia to further drive growth. In an...
Nielsen CGA: Consumers Slowly Returning to the On-Premise
Visitation for bars and restaurants continues to see strong increases in New York, while increases have slowed down in Florida and Texas, according to Nielsen CGA data from the July 17-19 weekend. The plateau of visitors returning to the on-premise in Florida and...