Welcome to another edition of Uncorked News. Interesting industry info for liquor stores, beer stores, and wine shops with a splash of point of sale (POS) technology topics.
The US Beer Industry Is Tanking, Here’s Why
“The beer industry once dominated the United States beverage market. But sales are declining as the market becomes flooded with new drinks like premium liquor, canned wine, spiked seltzers, and pre-made bottled cocktails. Even legacy beer companies, such as Budweiser and Coors Light, have diversified their portfolios outside their staple products with innovations for spirits drinkers. Molson Coors even dropped “Brewing Co” from its name for similar expansion in 2019..”
RTD pricing is crazy high, even in states that lowered their taxes
“According to an analysis by Public Sector Consultants, two state laws that were passed to lower taxes on the RTD segment – that were argued for largely as a measure to lower costs for consumers – have resulted in no such victory for consumers. In fact, RTD price points are far outpacing all other alcohol segments.”
Prop 125 narrowly passes. Coloradans will be able to buy wine in grocery stores soon
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