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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?


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.