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Posts Tagged ‘recession’

Craft Brewers Ask, “What Recession?”

Wednesday, October 5th, 2011

House foreclosures. Soaring gas prices. Intractably high unemployment numbers. Record beer sales ‘

‘ record beer sales? Despite several years of recession, craft brewers are outpacing national, mass-production brands in sales. The Brewers Association released statistics this summer, reporting that the volume of craft beer sold in the US increased by 14 % in the first six months of 2011. According to CBS Denver, in 2010 alone, craft brew sales exceeded $7 billion in domestic sales ‘ more than double the sales from the last decade. That same year, the export business for craft brews grew by 28%. And while national beer sales actually decreased by 2% last year, craft beers sales increased significantly ‘ by fully 11%.

These striking numbers have some ale aficionados and lager lovers hailing craft beer as the “Champagne of Recession.” What explains this trend?

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Did Luxury Ever Go Away?

Wednesday, January 26th, 2011

Many reports are signaling the return of the mysterious, coveted and ever-evolving luxury consumer, and luxury brands from Chanel to Armani are celebrating in their post-holiday growth.  Interestingly, most luxury brands achieved over 11% growth in 2010 with some brands reporting sales close to pre-recession figures. According to Women’s Wear Daily, 2010 was a successful year for couture in which American clients, many of whom retreated during economically hard times have since returned. The luxury market in 2011 can be categorized by a remarkable trend toward growth—especially in emerging markets in the Middle East and others like China, Korea, Taiwan and Singapore.

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