From Back Office to Front Counter: How POS Technology Drives Liquor Store Success
The alcoholic drinks sector is a robust and expanding market, showing no signs of slowing down. This offers significant opportunities for retailers who can engage competitively and efficiently. However, liquor store technology solutions are crucial for growth strategies in wine and liquor stores. Retailers stuck with outdated technology will struggle, while those embracing modern, integrated POS systems will thrive. Let’s explore how contemporary POS technology can unlock a future of growth for liquor stores. The Expanding Market for Alcoholic Drinks The global at-home alcoholic drinks market is currently valued at $1,070 billion and is growing at a compound annual growth rate (CAGR) of 4.4%. Notably, online sales account for $40 billion of this market, growing faster than brick-and-mortar sales. In the United States, the largest wine retailer now makes 20% of its sales online, compared to just 2% before the pandemic. This shift underscores the abundant opportunities in ...