September 30, 2008 One Comment
A troubled economy doesn’t necessarily mean declining wine sales, Danny Brager, vice president, beverage alcohol, Nielsen, writes in a recent Progressive Grocer column.
Brager cites Nielsen research showing that, while almost 50% of consumers have reduced their overall spending, wine sales remain healthy.
Growth of premium wines has declined slightly, but the category remains strong overall — perhaps because consumers tend to view wine as an affordable luxury, Brager notes.
If the current trend continues, he concludes, wine may emerge as a ”recession-resistant” category.
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What an interesting story. I’m a fresh young journalist and I know what I’m writing about next week. THANKS!
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