During the heady prosperity of recent years, fine wines and spirits have played a significant role in consumers' giddy triumph. As the economic hangover sets in, sales are slowing and many consumers feel that a $100 bottle of wine is no longer worth the headache. However, retailers remain optimistic. While people may not be looking to stock their cellars, they are still willing to pay for modest indulgence.
The recent downturn is evident in the latest statistics from ACNielsen, Schaum