March 7, 2014
HEALDSBURG — Truett-Hurst, Inc., (Nasdaq: THST) on Thursday said it is shifting to a U.S. supplier of the novel cardboard-and-internal-bag bottle for its Paper Boy wine brand and noted that the change would slightly increase costs.
The company has signed a multiyear contract with a soon-to-be-disclosed domestic manufacturer.
“At the time we entered the agreement in February 2013, there wasn’t any other paper bottle supplier in the world; this was cutting-edge.”
February 6, 2014
HEALDSBURG — Truett-Hurst, Inc. (Nasdaq: THST) on Thursday reported its fiscal second-quarter net sales soared 76 percent from a year before, and the startup wine company said it achieved profitability, attributing the boost to innovatively packaged new brands in the past few months, new national distribution, more exclusive wines and increased direct-to-consumer marketing.
January 29, 2014
SACRAMENTO — California wine producers likely shipped 3.6 percent more wine to U.S. markets last year, and higher-end wines such as those made in the North Coast could benefit from a “transition” in supply and consumer tastes that favor quality and distinctiveness, according to experts at a major wine industry conference.
January 16, 2014
Producers of fine wine in the North Coast could benefit from stronger sales growth foreseen for this year after an overall decrease in growth in the past three, but higher costs of grapes and wine in recent years is squeezing the bottom line and increasing demographic shift away from the key group of consumers higher-end wine will moderate industry growth, according to the newly released Silicon Valley Bank’s annual industry forecast.
December 23, 2013
What we expose in this the first of two articles is the truth behind what is really driving direct-to-consumer (DTC) sales, specifically sales made with direct customer interactions over the telephone.
VinoPro has have compiled data from more than $8 million worth of direct-to-consumer sales made for its strategic partners in 2012. This is data based on real sales that occurred from actual interactions with customers and sales made over the telephone. Some of this data is surprising, because it contradicts much of what you have heard in dozens of conferences and from other so-called “experts” in their field.
What we learned from this exercise is that there are several myths in the DTC wine sales space that tend to permeate the thinking of those in the business. Real data should really be used instead, and is presented here for your immediate use.
August 28, 2013
Barack Obama’s success in the recent presidential election in the U.S. highlights the potential rewards for politicians who can successfully engage the Hispanic population, and this experience holds important lessons for the U.S. wine industry.
Hispanics are the largest and fastest growing minority in the U.S., but they drink less wine per capita than the average American. So it should not be a surprise that if the wine industry were to successfully target the market and influence Hispanics to increase their consumption, huge rewards would be in-store.
By Rabobank estimates, if the wine industry were able to bring Hispanic wine consumption up to the level of the typical consumer, annual wine consumption among Hispanics will increase by nearly 50 million cases over the next 20 years! That could be as much as 40 percent of the total growth in U.S. wine consumption over that period.
April 18, 2013
Shipments of wine directly to consumers from wineries in Napa and Sonoma counties, accounting for 69 percent of such shipments from U.S. sources, last year grew at 8.0 percent and 10.1 percent in value, respectively, helping push U.S. winery-to-consumer shipment value past that of wine exports for the first time, according to a new study.
April 10, 2013
The volume of California wine shipments to U.S. markets last year dipped for the first time in 11 years, but retail value of that wine rose by more than 8 percent for the second straight year, according to recently released figures.
Meanwhile, shipments of wine to the U.S. from all sources increased 2.4 percent, and retail value, 5.2 percent to new volume and sales records, according to data compiled by Woodside-based industry analysis firm Gomberg Fredrikson & Associates and San Francisco-based advocacy group Wine Institute.
April 8, 2013
Wine companies largely are caught between escalating costs of production and mixed perceptions of how much of the rising costs the market for finished wine will bear. Those are among the topics five of the Bay Area’s innovative wine entrepreneurs are set to tackle at the Business Journal’s Wine Industry Conference on April 18.
They talked to the Business Journal about key drivers of cost and retail pricing, how they and markets are responding, and pricing impacts for exports and alternative sales channels.
February 21, 2013
U.S. wine exports, 90 percent from California, last year increased 2.6 percent in winery revenue to a record $1.43 billion from 2011, but at the same time, shipment volume dipped 4.9 percent, a major wine trade policy advocacy group announced today.
February 13, 2013
Share your thoughts on this week’s NBBJ Pulse Poll: “Will consumers pay more for wine?”
Prices for winegrapes and wine available for purchase in bulk for production purposes spiked in 2012 as the industry fretted about having enough to supply growing wine sales.
As the costs embedded in the 2012 vintage reach store shelves over the next couple of years, a number of vintners are wondering how consumers will react to price increases.
October 22, 2012
ST. HELENA — Blicker Pierce Wagner Wine Merchants, an online retailer of fine and rare collectibles that is better known as BP Wine, and the owners’ “flash” online wine sales venture Last Bottle Wines are growing so quickly that they are have secured a much larger south Napa warehouse.
October 1, 2012
NAPA — Wine industry professionals are more optimistic about profitability as sales bounce back in a number and despite looming issues with grape supply, according to a survey of executives presented at a major symposium in Napa last week.
August 20, 2012
In case you haven’t noticed, young adults no longer wear watches. Is it because they are indifferent to the time of day and have nowhere to be? Of course not. It’s because smartphones have taken the place of watches, as well as encyclopedias, dictionaries, phone books and in many cases, even traditional computers in the lives of many so called “Millennial” consumers.
June 18, 2012
SANTA ROSA — VinoPro is sprouting new salespeople almost as fast as the spring shoots supplying grapes to the company’s growing cellar of clients.
April 23, 2012
After a dozen years of winegrape excess statewide, the California wine business is headed into several years of tighter supply to slake growing global demand while competition and costs of production are rising, according to experts at the Business Journal’s 2012 Wine Industry Conference in Santa Rosa on Wednesday. …
The Sonoma County Board of Supervisors last week voted unanimously to roll back all but simplified registration provisions in the county’s Vineyard and Orchard Frost Protection Ordinance. …
F. Korbel & Bros., producer of Korbel sparkling wine, plans to sell the half-million-case-a-year Kenwood Vineyards brand and related assets to Banfi Vintners, one of the country’s major wine marketers. …
The McWilliams family, owners of Arista Winery with 36 acres of estate vineyards on Westside Road in Russian River Valley, purchased the 74-acre Martinelli Road Vineyard from the Martinelli family. …
Sebastopol-based mobile wine filtration services provider American Winesecrets teamed with Australia’s Diverse Barrel Solution Pty. Ltd. to operate the latter’s Phoenix high-tech barrel-restoration system starting in July. …
Longtime wine and spirits executive and entrepreneur Mike Kenton formed OFFbeat Brands to develop, find sourcing for and market high-quality, “eclectic” and different wine and spirit brands. …
Santa Rosa-based Provino, which evolved its wine telesales business into an outsourced direct-to-consumer marketing service for vintners, changed its name to VinoPro to reflect its move further in that direction and launched a technology services division to blend its DTC customer resource management software with popular wine business software package. …
Spring and summer are set to have more wine business seminars and training: Sonoma State University’s new Napa Valley expansion for the wine executive MBA program, Sonoma State University’s Wine Business Institute global wine business education conference, Vineyard Economics Seminar, Wine Industry Technology Symposium.
April 17, 2012
ST. HELENA — After strong sales growth last year, U.S. makers of fine wine could see somewhat moderated growth this year as an improving domestic economy and shrinking supply of grapes and wine may allow planned luxury bottle price increases stick in the marketplace, while global economic problems together with an increasing supply shortage may boost imported wine sales for the next few years, according to a highly watched annual wine industry forecast released today.
April 9, 2012
Wine consumption is growing worldwide and particularly in the world’s new largest wine market, the U.S. Trouble is, shocks to the global economy and to the wine business in particular over the past several years along with tough growing seasons have dramatically limited the supply of grapes and wine sold in bulk to supply the thirst.
The Business Journal asked members of the 2012 Wine Industry Conference panel on grape and wine supply panel at the about some of the hotly discussed topics in the wine business in California.
April 9, 2012
More wine is moving in and out of this country, which recently grabbed the distinction of being world’s largest wine market away from Europe. Foreign producers and investors are interested in U.S. wineries and brands, often for the prestige or gaining a platform for U.S. distribution of portfolio brands. The Business Journal asked experts set to be on the globalization panel at the 2012 Wine Industry Conference on April 18 about major factors affecting the success of U.S. wines abroad, imports and acquisitions of domestic producers by multinational companies.
March 22, 2012
Sales of California wine within the U.S. in 2011 grew to a record 211.9 million cases, up 5.6 percent in volume compared to the previous year, according to preliminary figures released today by industry analysts.
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