Sales are up

Typical Post-Gazette, they didn't bother trying for the reasons why. This isn't scientific but coincidentally I talked with the 2 wine buyers I know at McIntyre & Fox Chapel about this subject specifically at the Holidays. I was interested in any impact the panic was having on their sales. Both said they could literally pinpoint the increase to Oct. 1 (which was the week the market crash began). The only negative they saw was a cutback on big orders for parties & on some of the big ticket seasonal items like Opus One or Dom Perignon, but they ended up selling what they got in. And the '05 Bordeaux sales went like lightning. Either PA is full of great investors or we like to go to the poor house blind!

Sales of alcohol always go up in a bad economy. I'm hearing that sales of lesser wines are increasing, while at the same time I'm seeing significant price reductions on some pretty high end stuff. Acker's inhouse retail had an up to 40% off sale a few weeks ago. first time I ever saw that.

Best,

Mike