Stu McFarland - Sunday, October 13, 2013
According to this article on Tech Crunch
, NakedWines has received $10 million in new funding. NakedWines.com
is an innovative company that allows customers (angels) to crowd-fund small winemakers in exchange for discounts on wine created by these winemakers. NakedWines started in England and has since expanded into U.S. and Australia. They say this new round of funding will be used to accelerate the company's expansion in these two markets. Click here to read the rest of the article
Stu McFarland - Thursday, August 08, 2013
The New York Times has put together a great interactive map showing the number of wineries across the country throughout the years. There's a slider that allows you to change the year to four different settings. It's interesting to see the drop in the number of wineries between 1937 and 1963. The accompanying article also discusses the growth in the number of wineries in six different states: Michigan, Virginia, Texas, New York, Oregon, and California. Needless to say, California is the leader with 3,839 wineries in 2013. This is one you don't want to miss, so head on over to nytimes.com to read the article and check out the map!
Stu McFarland - Tuesday, July 02, 2013
Wine & Vines
has an interesting article about retaining membership in wine clubs by having a better understanding of the demographics of your club members. The big news from the article concerns analytics, specifically an analytical model created by Dr. Steven Cueller, an economics professor who studies consumer behavior in the wine industry, that he believes the industry could use to understand club behavior and eventually optimize member lifetime and value. For example, using the techniques developed by Dr. Cueller, a winery could determine if members typically drop out of the club after a certain amount of time, or after accumulating a certain amount of wine. With analytical data such as this, wineries can then tailor their retention campaigns around their specific needs. It's a very interesting article, and I highly recommend heading over to Wines & Vines to read the full article
Stu McFarland - Sunday, June 02, 2013
Wines & Vines
reports that there is strong growth in the winery jobs index for the third straight month, and that other metrics are showing positive signs as well. The winery jobs index grew by 59% compared to April 2012, and by 18% for the past 12 months. Sales and Hospitality jobs specifically are up 85% compared to 4/12, production jobs 31%, and Sales and Marketing 54%.
Another interesting piece of information is that direct-to-consumer sales account for 7 out of every 10 cases sold by wineries. There's quite a bit more interesting information off-premise sales, flash slaes, and prices over time. Be sure to read the full article at Wines & Vines
Stu McFarland - Wednesday, May 29, 2013
The LA Times
reports that the price of wine by the glass has steadily risen over the past six months according to Restaurant Sciences. The report states that prices have risen anywhere from 2% to 8.4% depending on the class of restaurant. A figure that I found interesting is that wine, whether served by the glass, bottle, or carafe, delivers $289 million in restaurant sales per year. For more information, click here to read the full LA Times article
Stu McFarland - Thursday, May 23, 2013
The LA Times
reports that wine sales in the United States, including California vintages, reached a record high last year, jumping 2% compared to 2011. That 2% increase equates to a total of 360.1 million cases being sold, with a value of $34.6 billion. Sales of California wines accounted for 58% of the U.S. business, equating to 250.2 million cases worth $22 billion, although that number accounts for both domestic and foreign sales.For more information, be sure to head on over to the LA Times website
to read the full article.
Stu McFarland - Wednesday, April 24, 2013
Headwater, a company that specializes in bicycle tours around Europe recently created this interesting infographic about the Frech wine industry to promote their tours there. Regardless of the marketing motives behind it, this infographic is an interesting one, and worth the look. Head on over to Headwater's website to view the image in its full size.
Stu McFarland - Wednesday, April 17, 2013
Wines & Vines reports
that thanks to a 10% increase in value, and a 7.7% increase in volume, the growth of U.S. wines shipped directly to the consumer has outpaced the overall growth of wine sales last year. That 10% increase in volume equates to $1.46 billion, and as you can see from the chart above, very small, and small wineries account for the lion's share of direct-to-consumer shipments.
Another interesting bit of information from the article is that wineries from Napa County continued to dominate sales, shipping $713 million worth of wine, although this region's small wineries under-performed in the overall wine-shipping channel, increasing their sales by only 8%. Head on over to Wines & Vines
to read the rest of the article.
Stu McFarland - Tuesday, April 16, 2013
In what is undoubtedly a good sign for the wine industry, and the economy in general, Wines & Vines reports
that winery hiring activity is surging - to the tune of 31% in March compared to a year ago. According to the article, the strong level of hiring in winery hospitality jobs pushed the overall index of job postings to its highest level since its inception in January 2007.
The increase in hiring isn't the only good news to come out of the Wine Industry Metrics report for March. Off-premise wine sales also grew by 6% annually with $403M in march. All in all, a lot of great news. To read more, head over to Wines & Vines and check out the full article
Stu McFarland - Friday, April 12, 2013
Los Angeles Magazine
has an interesting article busting five of the top "wine myths" in an effort to clear up some common misconceptions about wine. Here's their list:
- Aerators are the best way to decant your wine
- Red wines should not be chilled
- Plastic corks and screw caps signal cheap wine
- The best way to find a great value-priced wine is to comparison shop online
- If you really want a great bottle of wine, you have to pay good money for it
Of course, the original article goes into depth about why each of these are indeed myths, so be sure to head on over to lamag.com to read the rest of the article
. What are your thoughts about these? Did they leave some important ones out?