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In the early 1990’s, the U.S. wine industry exploded into a rapid rise of growth, lasting nearly three decades. U.S. wine consumption ascended from 400 million gallons per year to more than 800 million gallons. Today, though, the wine business finds itself in a three-year trend of negative growth. “I don’t want to sugarcoat it—2023 has been a tough …
The Wall Street Journal was on the money when it began a December 27 story with these words: “Beer had a rough year”. There were, however, a few notable exceptions. The Mexican import trio of Modelo, Corona and Pacifico continues to grow and this was an especially strong year for sales of Miller Lite, Coors Light and Yuengling as …
It’s a fast-changing world in the alcohol business but beer remains the industry leader in consumer preference and alcohol consumption per capita. For the third straight year, beer sales by volume have shown a modest increase. Beer tax collections in N.C. were up 0.63% through November and U.S. sales growth was up 1.5% in 2021, according to Beer Marketer’s INSIGHTS. …
By Catherine Muccigrosso (Courtesy: Charlotte Observer) Some North Carolina beer and wine distributors are lending a hand to help stock grocery and food pantry shelves amid the novel coronavirus pandemic. With the approval of the state ABC Commission, the NC Beer & Wine Wholesalers and NC Retail Merchants associations are teaming up to help the supply chain. “It’s a difficult time in the supply …
As you deal with the fallout from the COVID-19 crisis, it’s always a good thing to talk about beer. Here are some tidbits about the business you may not know: Modelo Especial is now the number four beer in America and, before long, it could be number two. The Mexican import has grown rapidly in recent years and is now …
(Credit: David Fredericksen, Wilmington Business Journal) Imagine 600,000 cases of beer on a warehouse floor. One heck of a beer run. But first you’d have to maneuver through a maze of white hallways and open locked doors with a special card. And be careful not to take a wrong turn into the giant, cold storage facility that’s kept at …
Without question, the biggest story this year in the beer business has been the explosive growth of hard seltzer. Up to now, just two brands—White Claw (60% market share) and Truly (26%)—have had a firm grip on the seltzer business. Through October 5, hard seltzer has generated $1.2 billion of sales in 2019. Industry analysts believe that number will …
State excise tax collections for beer and wine increased by 1.9 percent during the 2014 calendar year. N.C. Department of Revenue figures show total collections of $142.3 million, an increase of $2.7 million from the 2013 calendar year. Beer and wine wholesalers are responsible for collecting the excise tax while providing timely and accurate payment to the state on a …
Excise tax collections for beer increased 7% during November, compared to the previous year. N.C. beer tax collections remain up 2.1% year-to-date. Table wine revenues increased 6.9% during November and are up 6.5% for the first 11 months of 2014. Monthly tax collections are a reflection of the previous month’s sales.
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