Insights & resources for liquor store owners

There’s only one thing your customers love more than a glass of delicious wine: the opportunity to save money.

“You’ve got to spend money to make money.” It’s an age-old business adage. You know you’ll need to shell out some cash to start your liquor store… but how much? And on what?

When thinking of a liquor store, most people have a pretty standard picture in their head.

Nothing is trickier than setting prices that attract customers without cutting into profits. A solid liquor store pricing strategy can help you find that sweet spot — no more guesswork, just straightforward steps to balance customer satisfaction with a healthy bottom line.

Nearly a quarter of all retail purchases now happen outside the walls of a physical store.

84% of consumers say they’re more likely to stick with a brand that offers a loyalty program — and your liquor store could be one of them. A well-designed liquor store loyalty program goes beyond giving discounts; it adds a personal touch to every visit and turns casual customers into regulars. ...

It’s the afternoon of New Year’s Eve. Your liquor store is buzzing, with customers constantly walking through your doors, filling their baskets with celebration essentials, and streaming through the checkout line.

“Work smarter, not harder.” These are great words to live by as a small business owner — especially when it comes to managing your liquor store inventory.

Shrinkage is an invisible threat to your liquor store’s profitability. In 2022 alone, U.S. retailers lost $112.1 billion to theft, administrative errors, and other forms of shrinkage, with rates climbing to 1.6% of total sales. For liquor stores, these losses hit especially hard due to the high ...