fbpx

Monday Morning Briefing #1

Here’s what you need to know to start your week

  1. Amazon Ramps up Wine Sales
  2. The State of Craft Beer
  3. Top 10 Apps for Wine Lovers
  4. What You Need to Know About Armenian Wines
  5. Tariffs Negatively Impact American Spirits Exports

Amazon Ramps up Wine Sales

From Wine Searcher

Quick Hits

  • Amazon looks to hire Alcohol Industry Lobbyist
  • Half of consumers start their product search at Amazon
  • Existing retailers are optimistic of Amazon’s foray into the industry
  • Technology, service, and selection are critical to retail’s survival

The Gist

It seems that Amazon is poised to make the jump into the wine world following their acquisition of Whole Foods two years ago. While most retail sectors consider the Online Giant the boogeyman of the industry, the sentiment of some wine retailers appears to be lukewarm. Looking on the bright side, some retailers are hoping that Amazon will help open up the US market through their legal and regulatory power. While others are content knowing that their expertise, specialty products, and physical presence while insulate them from Jeff Bezos’s reach.

The Bottom Line

This a bit of a wait and see situation… As of now, the immediate entrance of Amazon into the Wine and Spirits industry is unlikely. However, smart retailers will find themselves asking if they have the tools to stay ahead of not just Amazon but other competitors.

How We Can Help

One of Amazon’s greatest weapons is its convenience, specifically the online purchasing and delivery. City Hive’s platform makes managing an online store and delivery operation easy as it can be. We have an abundance of tools to help create, market and operate your online and in-store operations. Hit the button below to learn about how we can help you prepare for the Amazon entrance into the industry.

Contact us today!

The State of Craft Beer

From C+R Research 

Quick Hits

  • Vermont is the craft beer capital of the US
  • The number of craft breweries in the US is growing exponentially
  • New Jersey, Kentucky and Oklahoma have increased their craft beer the most in the US

The Gist

It is no shock that the craft beer industry is cruising to new heights, this report from C+R Research shows how quickly. Smaller states are rising to the top of the list in terms of production and consumption. As the number of breweries grow, as does the nationwide consumption. Other states are jumping on the trend and fueling their growth. The data suggests that high consumption and production lead to high economic impact for the states.

The Bottom Line

While this report essentially leaves out the retailers, it is still important for beer sellers. There is a huge opportunity for retailers across the nation, especially in those states that mentioned here. Craft beer growth doesn’t seem to be slowing which means it is smart to stock more, source more, and promote more.

Top 10 Apps for Wine Lovers

From The Drinks Business

Quick Hits

  • Vivino, Wine-Searcher, and Delectable are still among the most popular wine apps
  • The Wine Industry is slowly embracing mobile technology as a way to reach their customers
  • Notice a lack of shopping apps on the list, big opportunity

The Bottom Line

The article from The Drinks Business shows an apparent lack of e-commerce presence in the popular wine apps available today. As the majority of retail is moving to mobile, it is important for retailers (both wine and spirit) to stay ahead of the curve and remain dynamic.

How We Can Help

Mobile technology and e-commerce are the clear path to the future, let City Hive be your guide down that path. As the leading all in one solution for wine and spirit retailers’ e-commerce, web, and mobile operations, we can help you reach your customers where they are. Contact one of our customer success specialists today to learn more!

Contact us today!

Quick Hits

  • Armenia was the birthplace of wine, producing about 6 million liters a year
  • Some of the best winemakers in the world have worked with Armenian vineyards
  • The three key grape varietals in Armenia are Areni, Voskehat, and Khndoghni

The Gist

While this isn’t the most critical news update for the wine and spirits industry, it is an interesting wine region that provides an opportunity for growth in your wine store. Setting yourselves apart from the rest of the wine retailers with unique offerings is a perfect way to increase profits.

The Bottom Line

Check with your local suppliers and importers who can help find producers with unique bottles and offerings

Have a good week!

Spread the word​

Reader Interactions