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May 2008
Retail Sales Report: Year in Review
Higher price points have highest growth, even after downturn in sales.
by Mary-Colleen Tinney
The wine industry has several reasons to be optimistic after once again reaching record sales in 2007. "The category is still growing at a fairly substantial rate," said Brian Lechner, director, client service at The Nielsen Company. "Wine is a really good category to be in right now. That bodes well for everyone: retailers, consumers and producers." According to The Nielsen Company data tracking sales in food, drug and liquor store outlets, wine sales for the complete 2007 year rose by 6.2 per...
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