SPIT: Bling champagne
An unnamed source cites declines of 50-85% in champagne sales with pricey stuff hit hardest. The story by Alice Feiring in this weekend’s WSJ. magazine also suggest price wars may be imminent. (Lack of) Money quote comes from Roberta Morrell, a NYC retailer: “The trouble with dropping prices is how will they raise them?”
SPIT: reporting on Champagne
An article on JancisRobinson.com criticizes recent coverage of Champagne’s 2009 harvest. Main quibble: “After the harvest there will not be masses of grapes left to rot on the vine.”
SIPPED: changes in Chicago
Sam’s Wine & Spirits closed their South Loop location last month and now will close their Highland Park store. Meanwhile, Illinois now has an increased tax on wine, rising $0.13 per bottle to $0.28. As a result, distributor Rocky Wirtz has sued the state. Five other states recently raised taxes on wine.
SIPPED: Binge shopping
Annual wine sales at big box stores in France bring out “legions” of consumers. Carrefour sold six million bottles during its sale last year. [AP]