This week’s wine news: Blind pricing, or why retailers carry expensive wine you can’t buy elsewhere, plus legal weed goes after booze and a rare wine theft
• Blind pricing: This blog post by distributor Olivia Schoenwise is aimed at small retailers and how they can compete against their biggest competitors. But it also explains why it’s so difficult to find so much wine, even without the restraints imposed by the three-tier system. The idea, writes Schoenwise, is for small retailers to find wine to stock so they have “a competitive advantage against big retailers; and many are turning to blind price wines” – wine that we can’t price shop on phones or on Winesearcher.com. That’s because these wines are a form of private label. And since they’re only carried by one retailer in one area, the retailer can charge more for it, unburdened by competition. Writes Schoenwise: “[B]lind price brands are where the big profit margins are made.”
• Wine is evil: That’s the theme of a campaign from legal weed, targeting alcohol, says the New York Post. “’ ‘Marijuana,’ blares a billboard in Arizona. ‘Less Toxic! Less Addictive! Less Scary Than Alcohol!’ ” The Wine Curmudgeon has been warning the wine business about this for a couple of years, but with little success. Maybe, now that legal weed is hurting alcohol sales in some legal weed states, says the story, wine will notice. Otherwise, reports the Post, “Hello Marijuana, Goodbye Hangover.”
• Good help is so hard to find: An employee stole $1 million of wine from New York investment tycoon David Solomon, including some of the rarest bottles in the world. The employee was supposed to collect wine shipments at Solomon’s Manhattan apartment and then take them to the banker’s wine cellar in East Hampton. But the wines apparently never got to the Hamptons; instead, the employee sold them to an Internet retailer in North Carolina.