TopLine Business Acumen Early Advance June 12, 2022 edition
This week’s most engaging stories
TopLine’s Business Acumen Series features business trends and opportunities to help sales professionals prospect and engage clients. It’s updated several times daily within TopLine. This early advance features some of the coming week’s top stories.
Summer 2022 Adult Beverage Trends
According to Civic Science, 50% of surveyed consumers say they drink the same amount or more than before the pandemic. 77% of respondents say they plan to spend the same or more on alcohol this summer compared to summer 2021. 39% of surveyed consumers said they buy most of their alcohol at wine or liquor stores, and 34% of respondents buy most of their alcohol at grocery stores. Hard seltzer and canned cocktails are rising in popularity; 48% of surveyed consumers tried or plan to try hard seltzer and 43% tried or plan to try canned cocktails.
Which alcoholic beverages will consumers prefer in Summer 2022? How can you help alcohol brands reach more customers?
Latest Resources from TopLine
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Indoor Dining May Be On the Way Out
Fast food dining rooms may be on their way out the door. Many quick-service restaurants are constructing new restaurants that do not contain indoor dining. Big players in the industry like Taco Bell, Wingstop, Chipotle, Jimmy John’s, and Tim Hortons are constructing or planning to construct drive-thru and pick-up-only restaurants. Just as drive-thru-only restaurants were gaining popularity, the pandemic made the drive-thru-only boom happen quicker. Consumers are favoring convenience over a quick and casual dining experience.
Do you reach drive-thru users? Can you connect them with new drive-thru-only restaurant locations?
Legalization of Sports Betting
Sports betting in Ohio will be legal on January 1, 2023. This law allows for at least 25 sportsbook apps to launch in Ohio. 10 will go to sports teams and 11 will go to casino locations in Ohio. Online sportsbooks launched in other states will come to Ohio as well. When sports betting launches, Ohioans will be able to bet on all professional-level domestic, and international team sports, and individual sports. College sports betting will be legal too, however, there may be restrictions forthcoming. You will also not need to be a resident of the state in order to bet as long you are at least 21 years old and within state lines.
Do you know any local casinos? Can you help get the word out about sports betting?
Retailers are Forced to Make Mark-Downs
Major retailers have been forced to mark-down specific products due to a surplus of inventory. This is due to overordering and a change in consumers’ needs from the pandemic era. Products such as TVs, furniture, and leisure wear have seen markdowns the most.
Can you connect consumers looking for low prices to retailers looking to get rid of their inventory?