You thought you had a lot of shelves to fill in your wine shop? (Or hard choices to make in deciding what to bet your shelf space on …) More on LCI’s impact on the wine biz. And counterfeit wines. [level-members]
Need some merchandising help? Costco has way more shelves to fill than you do, and more folks figuring out how, including folks figuring out what wines to sell, how to price them, and how to deal with ecommerce competition. Here’s a Forbes’ take on how they do what they do.
We’re a bit late in finding this story from back in February, but the legalized cannabis industry continues to push the wine industry in interesting ways. Will be interesting to see how this plays out. At the moment it feels like a bit of hysteria a la the tulip craze or gold rush, but time will tell. (I’d hardly call wine a fad, and it certainly upended values and business possibilities for farmers in northern California over the past 40 years.
Some interesting numbers in this article on counterfeit wines, despite the dubious grammar of its headline.