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May 2009
Wholesale Reverberations
The distribution tier reacts to a challenging economy.
by Liza B. Zimmerman
The beginning months of 2009 seem to have been as fiscally challenging as the last quarter of the previous year for most sectors of the wine business. Volume has stayed fairly steady while price points continue to drop and much of the business moves to the off-premise arena. Both restaurants and retailers are not moving as quickly as they used to through their higher-priced stock and have been slower to bring in new inventory, making the wholesale side of the business more competitive than ever....
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