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June 2009
Ruby Tuesday's Wine Deal of the Century
Innovative restaurant wine pricing hits new highs and lows.
by Liza B. Zimmerman
The downturn in the economy has continued to put a dent in the on-premise business' slice of the wine profits. Fine dining continues to suffer the most, and purchases continue to skew to the retail sector. Some store sales volume, in terms of yearly average growth, was down in 79 percent of fine dining and 59 percent of casual dining operations as of December 2008, according to National Restaurant Association data. Consumers are purchasing more wine to enjoy at home with the hope they can buy a ...
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