Friday, July 29, 2011
Florida’s ABC Fine Wine And Spirits Adapts To Changing Landscape In Securing Future Growth
(by Shanken News Daily) Orlando, Florida-based ABC Fine Wine & Spirits is the largest independent beverage alcohol retailer in the state. The 150-unit company dominated the Florida market until six years ago, when competition intensified from multi-state players like Total Wine & More and the Publix supermarket chain. But ABC has since adapted to the new retail landscape with aggressive pricing and a massive modernization plan that includes a new store design concept. Thirty ABC units will have been updated by this year’s holiday season. According to reliable industry sources, total revenues of the privately held ABC reached approximately $475 million last year. Shanken News Daily recently interviewed Charles Bailes, who is ABC’s chairman and CEO, and his brother Jess, who is executive vice president, to get an update on progress.
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