Robust retail demand reverses fortunes at Diageo

Drinks giant Diageo has revealed that its outlook for the first half of the fiscal year 2021 has “improved since the year-end”, reversing a moribund earlier forecast for a year that has been rocked by Covid-19.

Co-op reports record growth as market share soars

The Co-Op has reported record sales over the past quarter, with the fastest share growth in the grocery retail industry for the 12 weeks to 14 June (Kantar). Sales are up 29.1%, bringing their market share to 7.4% – their highest since 2001.

Demand for US and Italian wines leads fine wine investment spike

BI, the fine wine and spirits merchant, has reported something of a boom in its fine wine sales during the era of coronavirus, with sales of both US and Italian wine leading the pack.

Majestic reassures over stock after big spike in demand for EU wines

Majestic Wine has realised a statement saying “shelves will stay stacked with wine” after customer stockpiling drove dramatic increases in demand for wines over the weekend.

West Coast oversupply delivers softer prices as consumer demand falls

Prices for both bulk and grape from California and Washington will continue to ‘drop noticeably’, leading to widespread discounting, according to the annual State of the Wine Industry 2020 Report from Silicon Valley Bank.

Saying yes to no and low

Looking back to December, there was one major trend analysts were backing to have the most influence on the mix of sales and consumer behaviour in 2019.

Premium and new formats offer big opportunities for bulk wine market

With the global 2018 harvests bringing the world’s wine supply back into greater balance, the market is evolving to allow greater fluidity in supply, to the benefit of premium bulk players and smaller volume buyers, with differing formats cited as key to future consumer engagement and sales.

China to squeeze bulk supply of Australian red to critical levels over next 3-5 years

‘Stable’ global wine inventories likely to tighten in 2017 against backdrop of worldwide value growth

Rabobank’s Q3 Wine Report has revealed that global wine inventories are in the main “balanced to slightly tight”, while bulk wine prices for most varietals are “stable or rising”, with 2017 hail and frost damage in European vineyards likely to further impact on these continuing trends when set against a coming shortfall in this year’s northern vintage.