No help in May. Taxpaid shipments by domestic brewers down 425,000 bbls, 2.5%, estimates Lester Jones at Beer Inst. That dropped 5-mo total to -685,000 bbls, -0.9%. With imports off over 900K bbls thru Apr, means known YTD shipments down 1.6 mil bbls, 1.9%. We keep hearing Jun biz soft, tho 1 extra selling day. Jun shipments comp pretty easy: -1.7% last yr.
Drug Chain Seeks Shot in the Arm from Beer/Wine Sales
Walgreens, biggest US drug store chain with approx 7,000 stores, is "in the midst of applying for local government licenses needed to reintroduce beer and wine to its national chain," co told Chi Trib. Chain had dropped out of beer/wine biz in most of its stores about 10 yrs back due to high cost of running biz, spokesperson said, but new computer technology simplifies process now. Walgreens rev up 10% in 2008 to $59 bil and earnings up 6%, but 1st qtr 09 earnings down 9%.
Everything on our website is protected by US copyright, trademark and other laws. By your continued use of this website you agree to respect our intellectual property and other legal rights. Click here for link to Copyright Notice and Disclaimer
