Sponsored By
Retail Labor
thumbnail
Retail LaborBEER DISCOUNTING DROVE LABOR DAY SALES, REPORT SAYSBEER DISCOUNTING DROVE LABOR DAY SALES, REPORT SAYS
NEW YORK -- Labor Day weekend produced strong beer sales, but gains likely were driven by discounting, which cuts into profits, a recently released survey suggested.In a survey of beer wholesalers by Citigroup beverage research here, 65% reported sales exceeded their expectations. Eighty-nine percent said discounting was heavier this Labor Day weekend over last year's.Citigroup surveyed about 40 wholesalers
Stay up-to-date on the latest food retail news and trends
Subscribe to free eNewsletters from Supermarket News