The Cinco de Mayo holiday helped boost the beer category to its biggest sales week in 2020 so far for the week ending May 9, as dollar sales in off-premise retailers topped $983.6 million, according to market research firm Nielsen. In fact, the latest one-week period is the highest sales week since last year’s July 4 holiday week, the firm reported.
One in five consumers have returned to on-premise establishments in Georgia, Tennessee, Florida and Texas — states that have begun the reopening process following the shutdown forced by the novel coronavirus disease COVID-19 — according to a new survey conducted by Nielsen CGA.
The hard seltzer segment is on pace to capture 10% of the beer category dollar sales by this summer, according to Cowen analyst Vivien Azer. Last week, hard seltzer segment’s share of beer category dollar sales reached 8.8%, according to market research firm Nielsen. And there are no signs that the segment is slowing down.
The COVID-19 pandemic has altered nearly every facet of life and commerce, but one particular area stands to be gutted more than almost any other: large scale events. In the beer industry alone, event casualties are numerous, as the Brewers Association has now canceled three of its marquee events.
This week’s virtual panel features leaders from Monday Night Brewing, 2nd Shift Brewing, Cinder Block Brewery, and Creature Comforts Brewing, who discuss what’s happening with their businesses as their states begin to reopen.
Craft brewers who care about providing innovative benefits, competitive compensation, and tools for employee engagement might consider employee ownership as a part of a strategy to achieve these goals. Employee ownership provides a way for the current owners to sell their shares and also to create a unique employee benefit whose value is tied directly to the success of the business.
Nearly nine months after announcing their plans for a new $12 million brewery and taproom in Philadelphia, the founders of Everett, Massachusetts-headquartered Night Shift Brewing today announced they have abandoned the plan and reached an agreement with their landlord to terminate the lease on the 130,000 sq. ft. facility.
Dr. Anthony Fauci today cautioned against reopening businesses and other public gathering spaces before states meet guidelines set by the Centers for Disease Control and Prevention. An investigation by the California Department of Alcoholic Beverage Control (ABC) found that third-party delivery services are “routinely delivering alcoholic beverages to minors,” according to an industry advisory posted by the regulatory agency.
Brewbound’s virtual panel series returns Thursday, May 14th at 3 p.m. ET with brewery founders from Missouri and Georgia to discuss what’s happening with their businesses as those states begin to reopen. Join us live and submit your questions to gain insights on how these brewery leaders are navigating this uncharted territory.
Two of the largest hard seltzer makers are launching new offerings outside of the segment’s standard 5% ABV, 100-calorie playbook.
Off-premise dollar sales of beer continued to accelerate during the week ending May 3, as beer category sales increased 32.3%, to $952.3 million, during the one-week period, according to data from market research firm IRI shared by Bump Williams Consulting (BWC).
In its fifth year, Lord Hobo Brewing is making some changes — the company’s packaging has gotten a makeover, there’s a new face at the helm and plans for a taproom in New York City have been scrapped. Longtime chief operating officer Nathan Whipple has moved into the role of president.
In light of the COVID-19 pandemic, Anheuser-Busch InBev is examining discretionary spending, halting new product launches and promotions and upping its investment in e-commerce, CEO Carlos Brito said during A-B’s first quarter earnings call today.
This week’s live virtual panel features leaders from the Brewers Association (BA) and the California, New York and Illinois state brewers guilds. The discussion will examine how breweries in those states are operating and how the guilds and the BA are helping during the COVID-19 crisis.