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Liquor industry drowning its sorrows

Alcohol consumption has edged up to $4 billion, but future growth is being slowed by a range of factors, says JASON BAKER. Lower disposable household income and an attitudinal change to alcohol consumption have conspired to slow the growth of liquour sales in Australia. By Jason Baker Liquor sales are growing but a cultural shift […]
SmartCompany
SmartCompany

Alcohol consumption has edged up to $4 billion, but future growth is being slowed by a range of factors, says JASON BAKER.

Lower disposable household income and an attitudinal change to alcohol consumption have conspired to slow the growth of liquour sales in Australia.

By Jason Baker

Liquor sales are growing but a cultural shift away from booze and pressure on household budgets means retailers can expect only moderate growth over the next five years.

Revenue grew by 3.1%

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