2009 Barrels & Oak Survey Report: Recession Affects Barrel Purchases
Three times more wineries plan to decrease new barrel purchases this year.
Dec 2009 Issue of Wine Business Monthly
The results of the 2009 Barrel and Oak Survey Report are in, and at the risk of stating the obvious, the recession is having a significant impact on barrel purchases. As one would expect, the sales of wines at the top end have been hit the hardest as consumers cut back while lower-priced wines tend to be doing relatively, albeit not uniformly, well by comparison. Consumers are not splurging or dining out as much. This means that wine brands that are primarily oriented toward on-premise sales ar...
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