Tough Times? We Are Drinking Less
Did you watch the president's speech last night? There was one topic he did not mention, in all that talk about banks, schools, the war in Afghanistan:
Alcohol sales are down.
I was shocked by that. Particularly since movie ticket sales are up. It seems to me, if the economy sucks, you'd either go to see something like Transformers 2, or else buy a 12-pack and go home and watch porn.
According to Bloomberg News:
There is more here about the startling statistics. Let's just hope we get over this recession soon.
Alcohol sales are down.
I was shocked by that. Particularly since movie ticket sales are up. It seems to me, if the economy sucks, you'd either go to see something like Transformers 2, or else buy a 12-pack and go home and watch porn.
According to Bloomberg News:
Beer sales fell the most, 14 percent, in last year’s fourth quarter. They accounted for 61 percent of the $111.9 billion in alcohol sold to drink at home. Wine sales retreated 1.6 percent and sales of liquor slid 0.9 percent.
There is more here about the startling statistics. Let's just hope we get over this recession soon.
| By Kevin Fitzpatrick | Permalink 
And beer sales in bars in New York dropped 58% in the 4th quarter. Nearly all of that decline, however, was due to the closing of Yogi's on early October 5.
Posted by
Eddie Goldman |
10:21 AM