Industry Overview:
Beer, Wine, and Liquor Stores

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Call Preparation Questions
How has slow growth in the alcoholic beverage market affected the company?
The beverage market for beer is mature: per capita consumption of beer declined or was flat for most of the first decade of the 2000s.
How does the company compete with other retailers?
Liquor stores face intense competition from grocery stores, warehouse clubs, convenience stores, gas stations, and (for some states) Internet retailers.

