Devil is in the Details Vancouver International Wine Festival 2013

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Paul Rickett Bowen Beer and Wine Cellar March 1, 2013 The is in the Details Twitter: @paulrickett Email:[email protected]

description

Improving wine retail effectiveness panel. Includes update of "It's All about Trust" in first two slides. Independent data, remarkably similar results. Most slides had builds and Slideshare has issues with font rendering.

Transcript of Devil is in the Details Vancouver International Wine Festival 2013

Page 1: Devil is in the Details   Vancouver International Wine Festival 2013

Twitter: @paulrickett Email:[email protected]

Paul RickettBowen Beer and Wine Cellar

March 1, 2013

The

is in the Details

Page 2: Devil is in the Details   Vancouver International Wine Festival 2013

Twitter: @paulrickett Email:[email protected]

It’s All About TrustUpdate

Trusted Staff

Friends & Family

Store Signage

Bottle Labels

Restaurants Other store staff

Canadian Press

US Press Ind. Bloggers

0%

50%

100%

150%

200%

Wine Selection Influences Ranked Relative to Mean Score

Mean

n=79

Page 3: Devil is in the Details   Vancouver International Wine Festival 2013

Twitter: @paulrickett Email:[email protected]

2 Years on, Different Country, Bigger Sample.....

F&F F&F+TS Sales+TS In Store Sales Ads/Press Internet Other0%

5%

10%

15%

20%

25%

30%

35%

40%

AAWE #1192012Bradley J. RickardJill J. McLuskeyRichard W. Patterson

It’s All about TrustPaul RickettVARKETING!2010

Page 4: Devil is in the Details   Vancouver International Wine Festival 2013

Twitter: @paulrickett Email:[email protected]

Since 2010, Change is Perceptible

US 21-25 age group 2x more likely to refer to internet than 26-40 age group26-40 age group 2x more likely than >40 age groupBut....regular wine drinking remains more concentrated in >40 age group

Page 5: Devil is in the Details   Vancouver International Wine Festival 2013

Twitter: @paulrickett Email:[email protected]

A COMMUNITY LIQUOR STORE

Page 6: Devil is in the Details   Vancouver International Wine Festival 2013

Twitter: @paulrickett Email:[email protected]

10% SKUs =40% Sales

80%

selection

hand pickedUS Sales up 50%

Chardonnay

down by 1%$18 avg

btl wine

Page 7: Devil is in the Details   Vancouver International Wine Festival 2013

Twitter: @paulrickett Email:[email protected]

Works or

shops in YVR

Regularly

shops 2-3

diff. Wine

Stores

2800 adults year round

Summer peakw/tourists and residents

Know Thy Customer

Walking Gift

Registry

Support for community events

Constant

feedback

Loop

Coffee Shop

networking

Shift consistency

Rotating selection

Page 8: Devil is in the Details   Vancouver International Wine Festival 2013

Twitter: @paulrickett Email:[email protected]

Wine 49% LRS av. 34%

Average

$/sqft

$1,500

15% <Ave

$/FTE

$500K

55% shelf efficiency vs LRS ave 67%

~500Wines

Open Layout

New Products& Events

All whites in Coolers by varietal

Food pairing

center

Page 9: Devil is in the Details   Vancouver International Wine Festival 2013

Twitter: @paulrickett Email:[email protected]

Page 10: Devil is in the Details   Vancouver International Wine Festival 2013

Twitter: @paulrickett Email:[email protected]

The

is in the DetailsThank You