NEWS EDITION: 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.

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.

For over 15 years we have been on the edge of relevant offerings within the Retail Alcohol Industry to help guide your interests and decisions.
 
The Industry is changing and we are changing right along side it to better suit your needs including Dual Pricing.
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..”

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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.”

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Prop 125 narrowly passes. Coloradans will be able to buy wine in grocery stores soon
“Coloradans will soon be able to go to their local grocery stores for a bottle of wine after voters passed a ballot initiative allowing just that.
Prop 125, which expands the retail of wine to grocery and convenience stores, passed by a close margin after the remaining ballots were counted on Wednesday. Those businesses can begin sales on March 1st. They will also be able to host beer and wine tastings.
 
According to the Colorado Secretary of State, the initiative passed with 50.6% of voters in favor and 49.4% against.”
 

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Best of the Rest

Colorado Voters Rejected Booze To-Go and Expanded Alcohol Delivery

 

Target employee stole $22k in cash from Monticello store

 

Supreme Court Takes Jack Daniel’s Case Against Dog Toy Maker

 

The Evolving Alcoholic Beverage Market Requires a Different CPG Mindset

 

This will decimate the craft beverage industry,’ local liquor store owner says; If Coloradoans buy Chardonnay with their gas and groceries

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Questions about liquor store point of sale systems – including the low cost replacement program for Microsoft Dynamics RMS, or other legacy POS systems?
 
Then please contact RITE’s sales and marketing team at 888-267-7483 or sales@rite.us
 
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