Posted by Trina Edwards - email
COLUMBUS, OH (FOX19) - The Ohio Department of Commerce says spirituous liquor sales reached a record $697.7 million during fiscal year 2008.
This was an increase of $25 million, or 3.72 percent, compared to fiscal year 2007.
The Ohio Division of Liquor Control says the increase in liquor dollar sales can be attributed to increases in product prices, consumers purchasing premium-priced products and a rise in the level of consumption.
In addition, gallonage sales of spirituous liquor in FY 2008 totaled 10.3 million gallons, an increase of 143,424 gallons, or 1.41 percent compared to FY 2007.
The Ohio Division of Liquor Control says its total net profit has steadily increase, reaching a record high in FY 2008 of $213 million, an increase of $10 million over FY 2007.
The ODLC says Increased profit and better profit margins can be attributed to the efficient operations of the Division in areas such as inventory control, product selection and shelf standardization, and placement of sales outlets in areas with increasing customer demand and economic viability.
The complete report is available here: http://www.com.ohio.gov/liqr/docs/liqr_2008AnnualReport.pdf