Domestic sales of California wine grew 6 percent last year to a record $18.9 billion as consumers continued to buy more -- and more expensive -- offerings from the state's wineries, according to data released Tuesday by the Wine Institute, an industry group.
Despite the 2007 sales increase, analysts point to two causes for concern.
First, sales of California wines grew more slowly than import sales, meaning that the state's wineries lost market share.
No comments:
Post a Comment