Senate Negotiates More Funding for CARES Act Small Business Loans
An attempt to add an extra $250 billion to the Paycheck Protection Program in the CARES Act did not get through the Senate on Thursday as lawmakers had hoped it might. Congress is reportedly divided over whether a portion of the funds should be reserved for community...
IWSR Examines Long-Term Potential of Current Industry Trends
The beverage alcohol industry has seen unprecedented volatility in the last few weeks due to the shutdown of on-premise services, as well as the rise of stockpile buying and e-commerce. IWSR has identified six key trends that have emerged amid the disruption and...
New Mexico Shuts Down Standalone Liquor Stores
New Mexico is following Pennsylvania’s lead by ordering standalone alcohol retailers to close surrounding the pandemic. “The only way for us to stop the spread of this virus is for New Mexicans to stop interacting with each other,” said Governor Lujan Grisham....
Wineshipping and 24Seven Enterprises Combine Operations
Wineshipping, a wine fulfillment company, and 24Seven Enterprises, a nationwide drinks logistics company, have combined operations. The combined businesses will reportedly have the capability to offer same-day delivery to major metropolitan areas and one to two-day...
E-commerce Companies See Spike in First Time Consumers
65% of US consumers were unaware they could buy alcohol online, according to a 2018 study from Constellation Brands. However, the COVID-19 pandemic is closing the awareness gap as more consumers begin to purchase alcohol online. According to Drizly, “new users on...
15% of Consumers Ordering Alcohol with Take Out or Delivery
As the country adjusts to the COVID-19 lockdown, 66% of consumers reported ordering take-out or delivery within the last two weeks and 15% of consumers purchased alcohol with their order, according to Nielsen CGA data collected from NY, California, Illinois and...
Treasury Department Issues New Guidance on Implementing Paycheck Protection Program
On March 27, President Trump signed the CARES Act to provide emergency assistance for individuals and businesses affected by the coronavirus pandemic. The Act gave the U.S. Small Business Administration (SBA) funding and authority to establish a new loan program to...
Liquor Stores Adapt to Current Trends with New Practices
Liquor stores continue to experience a boom in sales due to shifts in lifestyle as a result of the coronavirus. Stores across the nation have implemented new practices to better protect customers, as well as staff members, from the spread of COVID-19. Beverage...
Filing and Tax Payment Due Dates Postponed for Industry Members Affected by COVID-19
The Alcohol and Tobacco Tax and Trade Bureau has postponed several filing and payment due dates for affected industry members for the next 90-days. This Industry Circular provides relief for authority and affected taxpayers affected by COVID-19 related to paying and...