For over 18 years we have been on the edge of relevant offerings within the Retail Alcohol Industry to help guide your interests and decisions.
The Industry is changing and we are changing right alongside it to suit your needs better!
50 Cent Files 70-Page Complaint For Alleged $6M Scheme That Nearly Cost Him His Spirits Company
The rapper and “Power” executive producer has been in a court battle over the loss of millions of dollars in an alleged embezzlement scheme. A 70-page New York State Supreme Court Complaint alleges his company, Sire Spirits, lost revenue due to being overcharged by distiller Beam Suntory, which then split the profits with Mitchell Green, the former director of brand management for Sire Spirits.
The complaint claims the loss is estimated to be over $6 million. “Because these illicit commissions were baked into the price of the product, Sire Spirits overpaid on taxes, overpaid on customs and duties, overpaid on insurance, which are marked towards the value of the product.
*MD Customers, is your Assoc on this?
Supporters optimistic 2025 is the year for beer and wine in grocery stores
(Maryland)
A renewed effort to expand alcohol sales beyond liquor stores has the backing of a powerful new ally — Gov. Wes Moore (D) told Maryland Matters that he “wants something on my desk at the end of the session.”
The General Assembly has tried before to allow alcohol sales in grocery stores — and perhaps other retailers. Moore said that while he will not make the bill an official part of his 2025 legislative package, his office will push for passage of a bill in the coming session.
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Having a Cash Price and a Card Price is
A Win-Win!
(for you and customers)
Cloud Retailer’s Dual Pricing – Certified to the New MN Law
(MINN Stat 325D.44)
Realities of Building CC fees into your retail price
“Like many businesses, prior to Dual Pricing we had to make the difficult decision to raise prices to safe guard against the never-ending growth of our CC fees, transaction fees, and financial obligations to our equipment. It wasn’t as simple as add %+fees to each item, we had to blanket raise based off price point, our desire to present clean and recognizable prices ie: always end in .49 or .99, made this even more difficult. Products between $10-19.99 had variable increases, the low end jump 10% and the top 5%. This is exciting to see on a GPM% report but it’s not reality. We weren’t making 37%+ on some products as it appeared, as by raising prices we also raised our fees… Folks need to know the reality of chasing CC fees with price increases is not healthy. It was tough to raise prices last year and give up competitive angles, it’s even harder when you realize raising prices raises your fees so it’s not as simple as $.25 here and there. In most cases on national big brands, we’d have to increase 5% or higher to break even from the CC fee + eternal maintenance of the fees vs target margin etc…”
Manager of 3 store chain in MN
