Great American Group Observes Improved Performance in the Wine and Spirits Industry

Before you go, we thought you'd like these...
Before you go close icon

Great American Group Observes Improved Performance in the Wine and Spirits Industry

-Although producers face challenges from cost pressures, consumer demand for wine and spirits is expected to remain strong-

WOODLAND HILLS, Calif.--(BUSINESS WIRE)-- According to analysts with Great American Group, Inc. (OTCBB: GAMR), a leading provider of asset disposition, valuation, and appraisal services, the wine and spirits industry has been adjusting its product lines to meet growing demand.

Reeling from the effects of the recession, a higher number of consumers began to purchase lower-cost products and labels rather than forgo wine and spirits altogether. Wine producers and distributors responded by introducing and expanding lower-priced labels, which have resonated well with consumers. According to data from Nielsen, the $9.00 to $11.99 segment grew 20.4 percent in sales and 21.2 percent in volume during the four weeks ending March 30, 2013 versus the prior year.

Overall consumption also increased, as U.S. off-premise wine sales grew 11.4 percent for the same four-week period. In addition, sales through the direct-to-consumer channel increased in volume by 7.7 percent in 2012 over 2011, totaling 3.18 million nine-liter cases, or $1.46 billion.

"Increasing consumer confidence following the 2009/2010 recession has led to improved sales growth for wine and spirits producers and we expect demand to remain strong," said Paul Arceri, associate director for Great American Group's Industrial Appraisal division.

According to The Distilled Spirits Council of the United States, whiskey is also rapidly gaining in demand, with Irish whiskey exhibiting the largest growth in sales volume of 22.5 percent in 2012. As whiskey consumption has increased, smaller distilleries have scrambled to keep up with demand, particularly given the long aging process, with various distilleries even facing a shortage of whiskey.

For more information about industry trends in wine and spirits, download Great American Group's Wine and Spirits Monitor - available on the company's website at

For more information about asset disposition, advisory and valuation services available through Great American Group, visit

About Great American Group, Inc. (OTCBB: GAMR)

Great American Group is a leading provider of asset disposition and auction solutions, advisory and valuation services, capital investment, and real estate advisory services for an extensive array of companies. A trusted strategic partner at every stage of the business lifecycle, Great American Group efficiently deploys resources with sector expertise to assist companies, lenders, capital providers, private equity investors and professional service firms in maximizing the value of their assets. The company has in-depth experience within the retail, industrial, real estate, healthcare, energy and technology industries. The corporate headquarters is located in Woodland Hills, Calif. with additional offices in Atlanta, Boston, Charlotte, N.C., Chicago, Dallas, Melville, N.Y., New York, Norwalk, Conn., San Francisco, London, Milan and Munich. For more information, call (818) 884-3737 or visit

Media Contacts:
Great American Group
Michelle Kahan
Director of Marketing
Mulberry Marketing Communications
Christina Bereta
Account Executive

KEYWORDS:   United States  North America  California


The article Great American Group Observes Improved Performance in the Wine and Spirits Industry originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

People are Reading