Global membership warehouse club retailer Costco Wholesale Corp is scheduled to open its first brick-and-mortar store in the Chinese mainland on Aug 27, posing a strong threat to Walmart China’s cash cow, Sam’s Club, in a battle to win over the country’s high-end consumers. Costco’s first store will be located [...]
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Category Archives: News
The Inexorable Rise of Wine Prices
Inflation is a fact of life, but the relentless increase in the price of wine is startling. By Don Kavanagh | Posted Friday, 07-Jun-2019 The soaring prices of the world’s top wines will be no news to anyone who hasn’t spent the last five years living under a rock, but [...]
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LED BY PROSECCO, US SPARKLING WINE SALES CONTINUE TO GROW
Sales of table wine in the United States essentially are flat after a sustained boom. The latest figures available show wine sales grew by only .02 percent in 2017. There are, however, footnotes to those numbers. While folks are not buying more wine, they are buying more expensive wine. And [...]
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Millennials are spending less money on alcohol than previous generations.
Millennials are making many different lifestyle choices than older generations — and alcohol consumption is no exception. Millennials are spending less money on alcohol than both baby boomers and Generation X, according to a Nerdwallet analysis of a 2017 Bureau of Labor Statistics’ Consumer Expenditure Survey. The analysis notes, however, that they’re spending [...]
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How Consumers Shop Using Smartphones For Food Vs Retail Goods
Despite efforts by major supermarket chains as well as third-party delivery services, online grocery shopping still hasn’t seen mass adoption in the U.S. In fact, only 3 percent of food is bought digitally. In the 2019 edition of the Remote Payments Study, PYMNTS collected and analyzed survey data from 2,300 American consumers to [...]
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