While liquor stores brace for a possible negative impact of additional competition, MSU Distinguished Professor of Economics Kishore Kulkarni says consumers are the real winners. via bayanwang
"With more number of sellers, the price should come down a little bit because the competition will help to bring the prices down," he said.
Denver7 wanted to see what prices looked like on the first day, so we looked at the cost of a bottle of Kim Crawford sauvignon blanc at Safeway, King Soopers and a local liquor store. "We've been a family business for over 60 years... we never though that it would get to this level where we'd have to compete against grocery in this way," Robinson said as he showed Denver7 an entire aisle food and various products typically found at grocery stores.
The study didn’t track sales data because those figures were hard to come by, but they find that craft beer sales in liquor stores declined by the equivalent of 5.6 million bottles of beer while grocery store beer sales jumped by more than 9.2 million bottles.
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