38% percent of US consumers are planning to spend less money this holiday season, according to Deloitte's annual holiday retail survey. However, food and beverage ranks as the No. 3 most popular category for spending with 65% of shoppers indicating they will spend on...

Diageo has been on an acquisition streak this fall, picking up Aviation gin in August and Chase Distillery in October, but it's not closing up shop yet. Diageo CEO Ivan Menezes told CNBC that the company's acquisition strategy is driven by the ongoing trend for...

For the month of September, online alcohol sales were up over 250% compared to last year, and still continue to outperform most other consumer good categories, according to recent report from Nielsen.  Spirits led online alcohol growth increasing over 350%, followed...

The off-premise saw a slight increase in buyers for October, which could indicate that cooler weather and a second round of on-premise closures is shifting consumers from on-premise back to off-premise, according to data from Nielsen. At the beginning of the pandemic,...

Third-quarter data shows that nearly all of the product segments in the popular price tier for wine and spirits declined during the period, indicating consumers are still buying higher-end brands, according to a new report from SipSource. The off-premise continues to...

Seven out of ten households this year are planning a Thanksgiving gathering with less than six people, according to the latest Nielsen data. Those planning to serve alcohol at their gatherings are down slightly in each category with 37% planning to serve wine compared...

The US has always been a global leader in “creative destruction," the economic phenomena of creating new economic structures by destroying the old. This approach has the US leading all other nations in new business creation during the pandemic. New business...

The growth of the ready-to-drink (RTD) category and hard seltzers has paved the way for a resilient US beverage alcohol market throughout the pandemic, according to IWSR Drinks Market Analysis. US alcohol beverage volumes are expected to rise over 2% in 2020. Out of...

Global cannabis company Aphria has entered an agreement to acquire SweetWater Brewing Company for $300 million. SweetWater Brewing is one of the largest independent craft brewers in the United States and has created an award-winning portfolio of specialty beers, many...