Alcohol retail sales forecast to hit £25.5bn in 2020

The value of off-trade alcohol sales in the UK is predicted to grow by double digits to reach £25.5 billion (US$33.8bn) this year due to the rise of at-home drinking. According to Mintel’s British Lifestyles report, total UK consumer spending is expected to fall by 14.9% to £183.6bn (US$243.8bn) this year due to the coronavirus lockdowns. However, the three sectors that will experience the biggest increase in consumer spending this year are food, alcohol, and…

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Australia lifts alcohol purchasing limits

Temporary restrictions on alcohol purchases in Australia during the pandemic, which limited consumers on how much they could buy in one transaction, have come to an end. On 31 March 2020, Retail Drinks Australia, a trade body representing alcohol retailers in the country, announced a voluntary national initiative to place temporary limits on the number of liquor products shoppers could purchase in one transaction. Retail Drinks CEO Julie Ryan said the guideline was developed following…

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Trade groups join plea for increase to grant threshold

A new campaign is asking the UK government to increase the rateable value threshold for businesses to £150,000 (US$185,000) to support an additional 100,000 hospitality, retail and leisure firms. Last month, UK chancellor Rishi Sunak guaranteed a £330 billion (US$398bn) package of loans and grants to help businesses during the coronavirus outbreak. For firms without pandemic insurance cover, Sunak announced cash grants of up to £25,000 (US$30,000) to support hospitality, leisure and retail companies that…

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Whisky Exchange rum sales grow faster than gin

Retailer The Whisky Exchange has seen rum sales increase by 165% over the last three months, marking the first summer in five years the spirit has seen higher growth than gin. The Whisky Exchange sells more than 500 rums, with more than 50 expressions added in the last year alone. Earlier this year, the company released a new classification system for rum online to give consumers a better understanding of the category. It divides different…

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Drizly enhances intelligence for retail partners

US drinks delivery platform Drizly is offering a custom report to its retail partners detailing items that are selling strongly both locally and nationally. The report shows Drizly’s retail partners’ popular items that are not listed at their stores through Drizly’s market place. Each report is searchable by category – beer, wine, liquor or extras – and also reveals each product’s sales ranking on Drizly, and whether those sales are growing or declining over user-selected…

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