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Sector Achieves Significant Growth In Europe 2018-12-06

According to current research from the European Outdoor Group(EOG), the European outdoor sector experienced significant growth in 2017. Its annual State of Trade Report, based on figures achieved in the previous year, indicates that the wholesale outdoor market grew by 7.2% in value (value not adjusted for currency/inflation) and 6.7% in volume.


The State of Trade research uses data from 115 brands from across Europe, analyzing sell-in information for seven main categories and 48 separate sub-categories. The latest results offer a contrast to the flat market of 2015 and modest growth (3% in value) in 2016.


Mountaineering meets outdoor lifestyle in Munich’s Schuster, one of Europe’s leading independent outdoor retailers, established by the Schuster family in 1913.Last year, the the wholesale sports outdoor outfitters market in Europe was worth €5.86 billion; based on this wholesale kids toyrs figure, the projected retail value of the European outdoor market in 2017 was €12.3 billion. Representing around 50% of the sector, the largest three country markets are Germany, France and the UK. Germany grew by 3% in value though conditions were more challenging in France which experienced a dip in value of 2%. However, the UK grew by 8%; the sector average was 6.7%.


With the exception of tents, all product categories experienced year-on-year growth. Apparel, the largest category, grew by 5% in value and 6.7% in volume, after a particularly strong autumn/winter season, which was helped by the good seasonal conditions. The decline of tent sales was underpinned by a difficult start to the spring/summer season in 2017, particularly in the UK, which is the biggest market for the category; spring/summer usually achieves around 70% of tent sales. Recovering after a decline in 2016, footwear performed well with double-digit growth in value. Sleeping bags enjoyed a similar performance, again following a decline in 2016.


Since its launch several years ago, State of Trade has developed into the most comprehensive and robust market data project for the European outdoor sector. All data supplied is anonymized before collation, interpretation and publication. As well as analyzing the data submitted, the EOG considers expert opinion across the industry to peer review figures which confirmed that numbers and growth in 2017 were in line with the expectations of those who were consulted.


Pauline Shepherd, EOG Head of Market Research, said, “We are always exploring how we can improve the project and with EOG members we are currently assessing how we can use technology to enhance data collection and continue to develop the product categories. In addition, as we now have a number of retail wholesale clothing uk suppliers, we are currently running a pilot project to develop sell-through reporting.”


Known as the Retail Barometer, the pilot is now at its second stage and will run until July 2019. As with the wholesale home decor for retailers report, this is a confidential survey, open to retailers and brands with their own shops selling in Europe. The purpose is to generate data regarding sales performance at retail in the outdoor sector in order to offer a benchmark to participating retailers for their sales in the context of the industry average per quarter, year on year.


The EOG was established fifteen years ago to represent the wide interests of the outdoor sector via a number of coordinated, cross-border initiatives including market research, trade shows and other events, sustainability, liaising with politicians and the promotion of participation in outdoor recreation. Membership (102 full members and ten associate members) includes manufacturers, retailers and national trade associations.


Amazon to host 10,000 Chinese sellers in December 2018-12-04

Amazon are preparing to host 10,000 Chinese sellers this December with the aim of helping them sell to the West.


“Intellectual creation, seeing the future – 2018 Amazon Global Open Seller Summit” will be held in Ningbo International Convention and Exhibition Center from December 6th to 7th, 2018. The summit will unveil the global business opening 2019 business initiative to provide guidance and support for Chinese companies wanting to expand globally… which largely will mean Chinese sellers selling to Amazon drop shipping biggest marketplaces in the US and Europe.


The “Sellers and Manufacturers Docking Conference” will also be held concurrently. Amazon Global Store will invite hundreds of manufacturers from across the country to negotiate directly with 10,000 ‘quality’ sellers on the Amazon site to help promote China.


Amazon, as have other UK and EU marketplaces, have cooperated with tax authorities regarding Chinese sellers and have faced the accusation that some have been avoiding VAT. Lists of hundreds of Chinese sellers avoiding VAT have been passed around but with the revelation that Amazon have 10,000 ‘quality’ Chinese sellers, the scale of the competition for UK and EU sellers is brought into stark reality.


We’ve written about some Chinese sellers on Amazon who provide what can only be described as terrible service and who are effectively middle men taking a feed from a manufacturer, listing on Amazon and either wholesale boutique clothing dropship or back to back ordering. The “cloud procurement” model Amazon are talking about is hopefully a robust way for the 10,000 Chinese sellers to order and hold stock rather than drop ship with poor customer service.


This massive push by Amazon to engage with Chinese sellers is a serious threat to domestic sellers on Amazon’s EU marketplaces – the days of box shifting low cost products and making healthy margins likely has a limited time before there’s no profit left to be had.


“2018 Amazon Global Store Seller Summit” highlights


Covering 11 hot-selling categories, more than 300 manufacturing companies and nearly 10,000 Amazon qualityf sellers accurately docked


as one of the important components of this summit, “Sellers, Manufacturers The Matchmaking Meeting will set up more than 300 booths for the manufacturer, including home department stores and furniture, apparel shoes and bags, kitchen appliances, consumer electronics, sports outdoor, office supplies, tools, home improvement building materials, beauty care, auto parts. There are a total of 11 hot-selling categories for maternal and child toys. The summit will arrange the participating manufacturers to directly connect with nearly 10,000 quality sellers, share with the “preferred matching” model and successful experience, help sellers improve product quality, optimize supply chain, continuously expand products and categories, and will also manufacture Enterprise transformation and expansion of the international market bring new opportunities. In addition, the new preferred manufacturer roadshow link and the “seller-manufacturer VIP conference” will increase the display of manufacturers’ brands and products, thus improving the efficiency of negotiations with sellers.


2019 strategic release, global store special training camp, Amazon’s whole point surprise and other links are more enriched


During the seller’s summit, the main strategy of Amazon’s global store opening will be interpreted in 2019. At that time, there will be Amazon Global Store Global and Asia Pacific. District leaders came to the site to interpret the new global cross-border e-commerce export model and provide ideas and plans for Chinese companies to continue to develop cross-border e-commerce export business with Amazon’s global store opening. In addition, there will be more rich links for sellers at the summit, including the “Global Shop Training Camp”, setting 12 hot topics and 36 official trainings to help sellers solve various problems. In addition, the summit will also launch a new link such as “Amazon’s whole point surprise” and “seller exclusive enjoyment”. The diversified setting will bring a full range of experience for the majority of enterprises from product to operation, from diagnosis to training.


Online and offline linkages and multi-channel heavy dissemination


The summit will also open up online and offline communication channels and open the “cloud procurement” model. The use of real-time interviews with manufacturers at the summit site, as well as online live broadcasts, further expands exposure and visibility for manufacturers, enabling sellers to better understand manufacturers’ products and enrich their purchasing options. Live traffic, WeChat and other online promotion traffic coverage is expected to reach hundreds of thousands of times. During the period from December 8th to 31st, Amazon’s global store will set up an online exhibition area. The 11 major quality manufacturers can display their main products, production capacity and factory features. The seller can also get the manufacturer contact information to further discuss the willingness to cooperate.


I'm living my dream as a fashion designer 2018-11-29

Agnes Ngatia always had her eyes on tailoring and design and she was determined to one day become a skilled and sought-after clothes designer.


Between 2003 and 2006, she trained at a tailoring shop in Nyahururu. The shop owner then hired her in 2006, having faith in her skills.


“Armed with only three pieces of fabric, I decided to start my own business,” Agnes says as she expertly cuts out patterns.


Her goal was to make unique and high quality boutique wholesale clothing that would satisfy her customers and make them come back for more; and also attract more customers.


Agnes worked at the shop for eight years until 2013, sharpening her skills and learning even more intricate designs. But her salary was not enough and she struggled to make ends meet. She also wanted to start her own business.


Fired-up by the need to make a name for herself and earn more money, she opened her own shop, Maalin Designers, in 2013 and worked hard.


When the Nation visited her shop in Nyahururu Town in November 2018, Agnes was busy cutting out patterns for an outfit she was planning to sew.


Bales of beautiful kitenge materials filled the shop and some were already cut out into various patterns.


Agnes began small and got a few orders that kept her going.


Shortly after opening her shop, she got an order to mend curtains in bulk. She worked on them herself as she did not have money to hire help. But when she finished, she was paid handsomely and was now able to expand her business.


“From my first profit I stocked my shop and employed two people,” she says.


PLANS FOR THE FUTURE


Currently, she has five employees.


“I can comfortably handle 10 orders in a day and I think this is what makes Maalin Designers different from others,” she adds.


Agnes, 39, is happy that she opened her own business. She says it has made her financially independent and she is now able to comfortably meet her expenses.


She dreams of setting up a fashion and designing school in the future, and also wants to expand her business by opening branches in other towns.


"People really love our work and particularly the use of vitenge fabrics in embracing our African root in dressing," says the soft-spoken designer.


Agnes sources her materials from Thika Town in Kiambu County. She buys them at wholesale at she says are fair prices.


Agnes sells a complete outfit at between Sh3,500 and Sh4,500 if the client purchases the material from her shop. “We sell at an average price of Sh2,500 if the client brings his or her own material,” she adds.


She markets her products by displaying them prominently outside her shop, and through online platforms such as Facebook and WhatsApp groups.


Most of her clients order wholesale boutique  clothes to be worn on special occasions, especially dowry ceremonies and weddings.


“I prefer a customer choosing his or her own design. But if the client does not know what design fits best, I come in and help them choose."


The biggest challenges she faces are to do with clients’ different needs and taste, which have made her more versatile and more knowledgeable on various designs.


Sometimes, she also encounters customers with different temperaments, but she has learnt to accommodate them.


Agnes did not go any fashion and design school and she says she is grateful for her former employer who trained her and gave her the opportunity to build her life.


How can operators help MVNOs cope with data growth at home and abroad? 2018-11-24

Competition in the UK mobile market has never been as intense as it is today. Regulatory changes and the presence of four major mobile operators – EE, O2, Three and Vodafone – have helped to drive innovation in the sector and reduce prices for consumers.But Mobile Virtual Network Operators (MVNO) play a vital role in this equation. Virgin Mobile, Tesco Mobile and Sky are but three major MVNOs to have had an impact, with numerous smaller MVNOs helping to serve market niches.Black Friday deals: see all the best offers right now!


How do we meet that?


The days of a flat rate are gone."“Every partnership is different, and we try and find a [price] model that works for each,” adds Lynda Burton, director of wholesale at Three.“We are generally moving away from [flat rate] pricing. It could be a chinese wholesale tariff, it could be a network slice [with 5G], it could be revenue share. It’s about the partner finding something that works. If the MVNO isn’t successful, then we aren’t successful.”


European viewThis situation is replicated across Europe too. MVNOs are especially popular in countries where there are fewer traditional operators to choose from and sub-brands are also more common.“We consider every customer project as a standalone project and we work out the pricing,” agrees Deutsche Telekom’s head of MVNO Steffen Oefner. “We don’t have a one-size-fits-all approach but a portfolio of pricing models.


“We’ve seen very successful MVNO models launched in the past few years, but I see a nice playing ground for multiple small niche partners and they need efficient systems to plug into. They don’t want large telco systems that we have.”“It’s no fun for us to see a partner fail. Even if we have a long-term agreement in place, we would have a chat.”Thick or thin MVNO?Some MVNOs have built ‘thick’ MVNOs that give them more control over elements like billing, SIM cards and network components while still using their host operator’s network of masts and radio infrastructure. Recent examples include Virgin Media and Sky Mobile in the UK.


The main advantage is that ‘Thick’ MVNOs are able to roll out new services more rapidly than ‘thin' MVNOs which are much more reliant on their fre drop shipping wholesalers. There has been some concern among MVNOs that MNOs are slow to react to market trends, something which can have a knock-on effect on their own businesses.However, operators are working to offer more services for ‘thin’ MVNOs so they can focus on their customer proposition.“The market is becoming a lot more complex and data usage is increasing,” continues Burton. “We’ve created a white label platform that makes it easier for partners to integrate with us and determine what differentiates them from the competition.


All four major networks host at least one MVNO and the operators themselves are getting in on the act, with Vodafone launching the VOXI sub-brand to serve younger customers and Three offering no-frills SMARTY SIM-Only plans.MVNO marketAll of this accounts for a vibrant market, but this does not mean it doesn’t have its challenges. Although MVNOs don’t have to operate their own infrastructure, they too have to wrestle with growing demand for mobile data. Meanwhile, the abolition of roaming charges within the European Union poses a threat to margins.Although mobile network operators (MNOs) compete with MVNOs at a retail level for customers, there is no desire to see anyone fail. After all, the loss of a wholesale customer is a loss of income.


At MVNOs Europe, there was an acknowledgement that both sides of the divide needed to work together to ensure everyone could thrive. That might mean additional support or more flexible partnership agreements.“We see MVNOs as a buoyant market,” says Nick Wootten, director of MVNOs at BT. “There’s growth in SIM-Only deals and consumers are buying handsets differently through leasing. MNOs have their own MVNOs and around 1 in 4 contracts aren’t from MNOs.“[But] growth and use of data is a challenge … regulation is a challenge."Data has been growing at a rate of between 20 and 30 per cent depending on the segment for a few years now.


We make it as simple as possible to for them to focus on that.“When we talk about white label platforms, we extend that to services too. For example, we offer fraud and credit risk services and we launched an MVNO with Superdrug [earlier this year]. Its experience is in retail, not telecoms, and they have two million loyalty subscribers. It found these customers would be willing to adopt a Superdrug mobile service if it was available. That’s an example of us using our knowledge to help.”BT believes MVNO partners can benefit from its current focus on converged networks, which sees the combination of fixed, mobile and wireless connectivity.“We are talking to our MVNOs about convergence,” explains Wootten. “We offer white label solutions for home broadband for example.”


Sterling Stabilizes as PM May Survived the Weekend 2018-11-19

The forex markets are generally trading in tight range as the week starts. Yen, Dollar and Sterling are generally firmer. Australian Dollar and New Zealand Dollar are the weaker ones, together with Euro. But movements in the china online shopping markets are very limited. Overall, the greenback stays relatively soft as markets started to pare back bets on Fed’s hike path. Sterling stabilized as there was, up to Sunday, not enough requests to trigger a challenge on UK PM May yet. But it remains vulnerable of more political shocks from the UK. And Euro is rather cautiously watching the drama of Italy-EU budget showdown.


Technically, while the greenback has been weak since last week, there is no clear sign of reversal yet, except versus Yen and Aussie. EUR/USD is held below 1.1499 resistance, USD/CHF above 0.9952 support. USD/CAD is also holding well above 1.3056 support. USD/JPY’s break of 112.94 last week argues that recent consolidation from 114.54 is extending with another falling leg towards 111.37. But there is no medium term reversal yet. The bigger development was AUD/USD’s break of 0.7314 structural resistance. Sustained trading above there will indicate medium term reversal.


In other markets, Nikkei closed up 0.65% at 21821.16. Hong Kong HSI and China Shanghai SSE are up 0.32% and 0.60% respectively. But Singapore Strait Times is down -0.66%. Japan 10 year JGB yield id down -0.013 at 0.094, back under 0.10%! Gold is hovering in tight range below 1220. WTI crude oil is consolidation at around 57.3.


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UK Brady predicts PM May to win leadership challenge, but 48 threshold not even met yet


As confirmed by Graham Brady, chair of the 1922 Committee, the number of requests for no-confidence vote on Prime Minister Theresa May haven’t met the threshold of 48 yet. He added, “if a threshold were to be reached I would have to consult with the leader of the party the Prime Minister.” And he expected the “whole thing” to be an “expeditious process”, if it happens.


Also, Brady predicted even if there is a leadership China, May is going to win it. He said “it would be a simple majority, it would be very likely that the Prime Minister would win such a vote and if she did then there would be a 12-month period where this could not happen again, which would be a huge relief for me because people would have to stop asking me questions about numbers of letters for at least 12 months.”


However, Brady is also dissatisfied with the May’s Brexit deal and branded it as “tricky”. He predicted that “it certainly doesn’t look like the current agreement will get through [the Commons} unless either the agreement changes or the statement of the political declaration, the future relationship, gives considerably stronger grounds for optimism a bout the nature of the final deal.”


UK May: Change of leadership risk delaying Brexit negotiations


UK Prime Minister Theresa May warned yesterday that “a change of leadership at this point isn’t going to make the negotiations any easier”. Instead she added “what it will do is mean that there is a risk that actually we delay the negotiations and that is a risk that Brexit gets delayed or frustrated.” May also emphasized that “these next seven days are going to be critical, they are about the future of this country”. And she pledged not to be “distracted from the important job.”


May is also expected to reiterate the same message in a speech to the CBI’s annual conference today. According to advance extracts, May would say “We now have an intense week of negotiations ahead of us in the run-up to the special European Council on Sunday (Nov 25).” And, “during that time I expect us to hammer out the full and final details of the framework that will underpin our future relationship and I am confident that we can strike a deal at the council that I can take back to the House of Commons.”


ECB Villeroy de Galhau: No rush to set out length of reinvestment period after asset purchases end


ECB Governor Council member Francois Villeroy de Galhau said today that net asset purchase will “very probably end in December” as planned. However, he emphasized that “the end of our net asset purchases will not, however, mean the end of our monetary stimulus, far from it.”


The pace of normalization would depend on incoming economic data. And three tools are at ECB’s disposal, including reinvestment of assets, interest rate and refinancing operations. Villeroy would prefer slowing the rate of reinvestment only after the first interest rate hike, which wouldn’t happen at least through the summer of 2019.


He also added that “we are not obliged to rush, as early as at our December meeting, to set out the precise length of our reinvestment period.”


SNB Maechler: Negative interest rate remains indispensable for Switzerland


Swiss National Bank Governing Board member Andrea Maechler said in newspaper Le Matin Dimanche interview that current monetary policy remains appropriate. She noted the fragility in the financial markets, with risks surrounding Brexit, Italy and trade war. Also, the exchange rate of the Swiss Franc remained high.


Therefore, Maechler said, “In the current context, the negative interest rate remains indispensable for Switzerland. It enables us to restore, at least partially, a difference between Swiss interest rates and those abroad, thus reducing the franc’s attractiveness.”


Also, “our monetary policy based on the negative interest rate and our capacity to intervene on the currency market if needed is appropriate.”


BoJ Kuroda: Mindful of banks’ engagement in excessive risk taking


BoJ Governor Haruhiko Kuroda noted in a speech that amid a persistent low interest rate environment, “possible changes in the risk appetite and risk profile of banks … is an issue” that BOJ is “highly attentive to”. And, in the short term, “as downward pressure on banks’ profits continues, we need to be mindful of the possible consequences of banks’ engagement in excessive risk taking.”


For banks with “abundant capital bases”, risk taking “provides financial support to firms’ production activities, thereby contributing to economic expansion”. However, without appropriate risk management measures, continued decline in profits would lead to to “insufficient capital bases”, and sharply higher credit costs. The stability of the financial system “could be threatened” in the event of a “large exogenous shock”. Based on October’s Financial System Report, the system has been maintaining stability on the whole.


On monetary, Kuroda repeated the same rhetoric that BoJ will continue with the current loose monetary policy. And, he’s confident that BoJ inflation will eventually move back to target.


On the data front


New Zealand PPI input rose 1.4% qoq in Q3, above expectation of 0.8% qoq. PPI output rose 1.5% qoq, above expectation of 0.9% qoq. Japan trade deficit widened slightly to JPY -0.30T in October. UK Rightmove house prices dropped -1.7% mom in November. Eurozone will release current account. US will release NAHB housing index.


Looking ahead


UK politics, Brexit negotiation, Italy-EU budget showdown, US-China trade negotiations, Fed rhetorics will be the focuses of the week. Also, RBA and ECB will release meeting minutes. In addition, US durables goods orders, Eurozone PMIs and Canada CPI and retail sales are of particular importance. Here are some highlights for the week:


Monday: New Zealand PPI; Japan trade balance; Eurozone current account, US NAHB housing index


Tuesday: RBA minutes; Swiss trade balance; German PPI; US housing starts and building permits


Wednesday: Japan all industries index; UK public sector net borrowing; Canada wholesale clothing usa sales; US durable goods orders, jobless claims, leading indicator, existing home sales


Thursday: ECB meeting accounts; Eurozone consumer confidence


Friday: Japan PMI manufacturing; German GDP final; Eurozone PMIs; Canada CPI, retail sales; US PMIs


Sterling Stabilizes as PM May Survived the Weekend 2018-11-19

The forex markets are generally trading in tight range as the week starts. Yen, Dollar and Sterling are generally firmer. Australian Dollar and New Zealand Dollar are the weaker ones, together with Euro. But movements in the china online shopping markets are very limited. Overall, the greenback stays relatively soft as markets started to pare back bets on Fed’s hike path. Sterling stabilized as there was, up to Sunday, not enough requests to trigger a challenge on UK PM May yet. But it remains vulnerable of more political shocks from the UK. And Euro is rather cautiously watching the drama of Italy-EU budget showdown.


Technically, while the greenback has been weak since last week, there is no clear sign of reversal yet, except versus Yen and Aussie. EUR/USD is held below 1.1499 resistance, USD/CHF above 0.9952 support. USD/CAD is also holding well above 1.3056 support. USD/JPY’s break of 112.94 last week argues that recent consolidation from 114.54 is extending with another falling leg towards 111.37. But there is no medium term reversal yet. The bigger development was AUD/USD’s break of 0.7314 structural resistance. Sustained trading above there will indicate medium term reversal.


In other markets, Nikkei closed up 0.65% at 21821.16. Hong Kong HSI and China Shanghai SSE are up 0.32% and 0.60% respectively. But Singapore Strait Times is down -0.66%. Japan 10 year JGB yield id down -0.013 at 0.094, back under 0.10%! Gold is hovering in tight range below 1220. WTI crude oil is consolidation at around 57.3.


- advertisement -


UK Brady predicts PM May to win leadership challenge, but 48 threshold not even met yet


As confirmed by Graham Brady, chair of the 1922 Committee, the number of requests for no-confidence vote on Prime Minister Theresa May haven’t met the threshold of 48 yet. He added, “if a threshold were to be reached I would have to consult with the leader of the party the Prime Minister.” And he expected the “whole thing” to be an “expeditious process”, if it happens.


Also, Brady predicted even if there is a leadership China, May is going to win it. He said “it would be a simple majority, it would be very likely that the Prime Minister would win such a vote and if she did then there would be a 12-month period where this could not happen again, which would be a huge relief for me because people would have to stop asking me questions about numbers of letters for at least 12 months.”


However, Brady is also dissatisfied with the May’s Brexit deal and branded it as “tricky”. He predicted that “it certainly doesn’t look like the current agreement will get through [the Commons} unless either the agreement changes or the statement of the political declaration, the future relationship, gives considerably stronger grounds for optimism a bout the nature of the final deal.”


UK May: Change of leadership risk delaying Brexit negotiations


UK Prime Minister Theresa May warned yesterday that “a change of leadership at this point isn’t going to make the negotiations any easier”. Instead she added “what it will do is mean that there is a risk that actually we delay the negotiations and that is a risk that Brexit gets delayed or frustrated.” May also emphasized that “these next seven days are going to be critical, they are about the future of this country”. And she pledged not to be “distracted from the important job.”


May is also expected to reiterate the same message in a speech to the CBI’s annual conference today. According to advance extracts, May would say “We now have an intense week of negotiations ahead of us in the run-up to the special European Council on Sunday (Nov 25).” And, “during that time I expect us to hammer out the full and final details of the framework that will underpin our future relationship and I am confident that we can strike a deal at the council that I can take back to the House of Commons.”


ECB Villeroy de Galhau: No rush to set out length of reinvestment period after asset purchases end


ECB Governor Council member Francois Villeroy de Galhau said today that net asset purchase will “very probably end in December” as planned. However, he emphasized that “the end of our net asset purchases will not, however, mean the end of our monetary stimulus, far from it.”


The pace of normalization would depend on incoming economic data. And three tools are at ECB’s disposal, including reinvestment of assets, interest rate and refinancing operations. Villeroy would prefer slowing the rate of reinvestment only after the first interest rate hike, which wouldn’t happen at least through the summer of 2019.


He also added that “we are not obliged to rush, as early as at our December meeting, to set out the precise length of our reinvestment period.”


SNB Maechler: Negative interest rate remains indispensable for Switzerland


Swiss National Bank Governing Board member Andrea Maechler said in newspaper Le Matin Dimanche interview that current monetary policy remains appropriate. She noted the fragility in the financial markets, with risks surrounding Brexit, Italy and trade war. Also, the exchange rate of the Swiss Franc remained high.


Therefore, Maechler said, “In the current context, the negative interest rate remains indispensable for Switzerland. It enables us to restore, at least partially, a difference between Swiss interest rates and those abroad, thus reducing the franc’s attractiveness.”


Also, “our monetary policy based on the negative interest rate and our capacity to intervene on the currency market if needed is appropriate.”


BoJ Kuroda: Mindful of banks’ engagement in excessive risk taking


BoJ Governor Haruhiko Kuroda noted in a speech that amid a persistent low interest rate environment, “possible changes in the risk appetite and risk profile of banks … is an issue” that BOJ is “highly attentive to”. And, in the short term, “as downward pressure on banks’ profits continues, we need to be mindful of the possible consequences of banks’ engagement in excessive risk taking.”


For banks with “abundant capital bases”, risk taking “provides financial support to firms’ production activities, thereby contributing to economic expansion”. However, without appropriate risk management measures, continued decline in profits would lead to to “insufficient capital bases”, and sharply higher credit costs. The stability of the financial system “could be threatened” in the event of a “large exogenous shock”. Based on October’s Financial System Report, the system has been maintaining stability on the whole.


On monetary, Kuroda repeated the same rhetoric that BoJ will continue with the current loose monetary policy. And, he’s confident that BoJ inflation will eventually move back to target.


On the data front


New Zealand PPI input rose 1.4% qoq in Q3, above expectation of 0.8% qoq. PPI output rose 1.5% qoq, above expectation of 0.9% qoq. Japan trade deficit widened slightly to JPY -0.30T in October. UK Rightmove house prices dropped -1.7% mom in November. Eurozone will release current account. US will release NAHB housing index.


Looking ahead


UK politics, Brexit negotiation, Italy-EU budget showdown, US-China trade negotiations, Fed rhetorics will be the focuses of the week. Also, RBA and ECB will release meeting minutes. In addition, US durables goods orders, Eurozone PMIs and Canada CPI and retail sales are of particular importance. Here are some highlights for the week:


Monday: New Zealand PPI; Japan trade balance; Eurozone current account, US NAHB housing index


Tuesday: RBA minutes; Swiss trade balance; German PPI; US housing starts and building permits


Wednesday: Japan all industries index; UK public sector net borrowing; Canada wholesale clothing usa sales; US durable goods orders, jobless claims, leading indicator, existing home sales


Thursday: ECB meeting accounts; Eurozone consumer confidence


Friday: Japan PMI manufacturing; German GDP final; Eurozone PMIs; Canada CPI, retail sales; US PMIs


India's wholesale price inflation rises to 5.28% in October 2018 2018-11-15

The official wholesale accessory market Price Index for 'All Commodities' (Base: 2011-12=100) for the month of October 2018 rose by 0.7 per cent to 121.7 (provisional) from 120.8 (provisional) for the previous month.


INFLATION


The annual rate of inflation, based on monthly WPI, stood at 5.28% (provisional) for the month of October 2018 (over October 2017) as compared to 5.13% (provisional) for the previous month and 3.68% during the corresponding month of the previous year. Build up inflation rate in the financial year so far was 4.64% compared to a build-up rate of 2.12% in the corresponding period of the previous year.


Inflation for important commodities/commodity groups is indicated in Annex-1 and Annex-II.


The movement of the index for the various commodity groups is summarized below:-


PRIMARY ARTICLES (Weight 22.62%)


The index for this major group rose by 0.7 per cent to 136.3 (provisional) from 135.4 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-


The index for 'Food Articles' group rose by 0.9 per cent to 145.8 (provisional) from 144.5 (provisional) for the previous month due to higher price of peas/chawali (6%), bajra (5%), jowar and poultry chicken (4% each), urad and maize (3% each), barley, gram, fruits & vegetables, pork and egg (2% each) and wheat, beef & buffalo meat and ragi (1% each). However, the price of betel leaves (3%), tea and fish-marine (2% each) and condiments & spices, moong, arhar and rajma (1% each) declined.


The index for 'Non-Food Articles' group declined by 1.1 percent to 123.4 (provisional) from 124.8 (provisional) for the previous month due to lower price of floriculture (9%), copra (coconut) (6%), raw silk and skins (raw) (4% each), tobacco, raw rubber and hides (raw) (3% each), soybean (2%) and fodder (1%). However, the price of gingelly seed (6%), castor seed and sunflower (5% each), guar seed and safflower (kardi seed) (3% each) and mesta, raw wool, niger seed, raw jute, groundnut seed and cotton seed (1% each) moved up.


The index for 'Minerals' group declined by 4.3 percent to 129.4 (provisional) from 135.2 (provisional) for the previous month due to lower price of garnet (21%), sillimanite (19%), copper concentrate (8%), iron ore (5%), chromite (4%) and limestone (2%). However, the price of manganese ore (2%) and lead concentrate (1%) moved up.


The index for 'Crude Petroleum & Natural Gas' group rose by 4.1 per cent to 99.8 (provisional) from 95.9 (provisional) for the previous month due to the higher price of crude petroleum (6%).


FUEL & POWER (Weight 13.15%)


The index for this major group rose by 3.6 per cent to 111.1 (provisional) from 107.2 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-


MANUFACTURED PRODUCTS (Weight 64.23%)


The index for 'Mineral Oils' group rose by 5.4 percent to 107.4 (provisional) from 101.9 (provisional) for the previous month due to higher price of bitumen (18%), furnace oil (10%), naphtha (9%), ATF (8%), LPG (6%), kerosene, HSD and petrol (4% each) and petroleum coke (1%).


The index for 'Electricity' group rose by 2.6 per cent to 112.4 (provisional) from 109.6 (provisional) for the previous month due to the higher price of electricity (3%).


The index for this major group rose by 0.3 per cent to 118.8 (provisional) from 118.5 (provisional) for the previous month. The groups and items which showed variations during the month are as follows:-


The index for 'Manufacture of Food Products' group rose by 0.1 per cent to 129.5 (provisional) from 129.4 (provisional) for the previous month due to higher price of other meats, preserved/processed (6%), castor oil (4%), manufacture of cocoa, chocolate & sugar confectionery and processing & preserving of fish, crustaceans & molluscs & products thereof (3% each), salt, powder milk, maida and sugar (2% each) and manufacture of starches & starch products, gram powder (besan), instant coffee, sooji (rawa), groundnut oil, wheat flour (atta), manufacture of macaroni, noodles, couscous & similar farinaceous products, manufacture of processed ready to eat food and vanaspati (1% each). However, the price of molasses (7%), rice products (5%), coffee powder with chicory (3%), chicken/duck, dressed-fresh/frozen, processed tea and spices (including mixed spices) (2% each) and rice bran oil, cottonseed oil, condensed milk, copra oil, butter, ice cream, ghee, gur, palm oil and manufacture of bakery products (1% each) declined.


The index for 'Manufacture of Beverages' group rose by 0.4 per cent to 120.9 (provisional) from 120.4 (provisional) for the previous month due to the higher price of rectified spirit and country liquor (1% each).


The index for 'Manufacture of Tobacco Products' group rose by 0.7 per cent to 150.6 (provisional) from 149.6 (provisional) for the previous month due to the higher price of cigarette and other tobacco products (1% each).


The index for 'Manufacture of Textiles' group rose by 0.1 percent to 119.0 (provisional) from 118.9 (provisional) for the previous month due to higher price of manufacture of other textiles (2%) and woollen yarn, synthetic yarn, viscose yarn, weaving & finishing of textiles and manufacture of cordage, rope, twine & netting (1% each). However, the price of manufacture of made-up textile articles, except apparel (3%) declined


The index for 'Manufacture of Wearing Apparel from cheap clothing websites rose by 0.7 percent to 139.6 (provisional) from 138.6 (provisional) for the previous month due to the higher price of manufacture of knitted & crocheted apparel (2%).


The index for 'Manufacture of Leather and Related Products' group declined by 0.8 per cent to 122.0 (provisional) from 123.0 (provisional) for the previous month due to the lower price of chrome tanned leather (3%), leather shoe, athletic/sport shoes and waterproof footwear (1% each). However, the price of belt & other articles of leather (6%), vegetable tanned leather (2%) and travel goods, handbags, office bags, etc. and canvas shoes (1% each) moved up.


The index for 'Manufacture of Wood and of Products of Wood and Cork ' group declined by 0.7 percent to 132.7 (provisional) from 133.7 (provisional) for the previous month due to lower price of wooden box/crate (4%) and particle boards and lamination wooden sheets/veneer sheets (1% each). However, the price of wooden block-compressed or not (2%) and timber/wooden plank, sawn/respawn and wood cutting, processed/sized (1% each) moved up.


The index for 'Manufacture of Paper and Paper Products' group rose by 0.6 per cent to 123.9 (provisional) from 123.1 (provisional) for the previous month due to higher price of paper for printing & writing (4%), corrugated paperboard, kraft paper and base paper (2% each) and cardboard, laminated paper, laminated plastic sheet, map litho paper and bristle paper board (1% each). However, the price of tissue paper (2%) and corrugated sheet box, paper carton/box, hardboard and duplex paper (1% each) declined.


The index for 'Printing and Reproduction of Recorded Media' group declined by 1.0 per cent to 146.9 (provisional) from 148.4 (provisional) for the previous month due to the lower price of printed form & schedule (5%), journal/periodical (2%) and printed books (1%). However, the price of sticker plastic (3%) and hologram (3D) and printed labels/posters/calendars (1% each) moved up.


The index for 'Manufacture of Chemicals and Chemical Products' group rose by 0.9 per cent to 120.4 (provisional) from 119.3 (provisional) for the previous month due to higher price of gelatine (7%), shampoo and sulphuric acid (5% each), varnish (all types), carbon black and ammonium phosphate (4% each), sodium silicate, agro chemical formulation, alkyl benzene, ethyl acetate, ammonia liquid, ammonia gas and nitrogenous fertilizer, others (3% each), plasticizer, di- ammonium phosphate, caustic soda (sodium hydroxide), polyester film (metalized), soda ash/washing soda, insecticide & pesticide, aromatic chemicals, printing ink, tooth paste/tooth powder, camphor, liquid air & other gaseous products, ammonium nitrate, toilet soap, rubber chemicals and poly propylene (pp) (2% each) and organic surface active agent, polyester chips or polyethylene terepthalate (pet) chips, alcohols, organic solvent, explosive, agarbatti, phthalic anhydride, superphospate/phosphatic fertilizer, others, urea, catalysts, organic chemicals, epoxy, liquid, hair oil/body oil, detergent cake, washing soap cake/bar/powder, polyethylene, dye stuff/dyes incl. dye intermediates & pigments/colours, other petrochemical intermediates, paint, powder coating material, phosphoric acid, ethylene oxide, menthol and polyvinyl chloride (PVC) (1% each). However, the price of amine (3%), monoethyl glycol, safety matches (matchbox), additive and xlpe compound (2% each) and nitric acid, fungicide, liquid and adhesive tape (non-medicinal) (1% each) declined.


The index for 'Manufacture of Pharmaceuticals, Medicinal Chemical and Botanical Products' group rose by 0.9 percent to 124.3 (provisional) from 123.2 (provisional) for the previous month due to higher price of anti-allergic drugs (6%), anti-inflammatory preparation (5%), anticancer drugs (4%) and simvastatin, digestive enzymes & antacids, API & formulations of vitamins, antibiotics & preparations thereof, plastic capsules, cotton wool (medicinal), antiseptics & disinfectants and anti-retroviral drugs for HIV treatment (1% each).


The index for 'Manufacture of Rubber and Plastics Products' group rose by 0.5 per cent to 110.1 (provisional) from 109.6 (provisional) for the previous month due to higher price of plastic button and conveyer belt (fibre based) (4% each), toothbrush, plastic film, rubber moulded goods, polypropylene film and 2/3 wheeler rubber tube (2% each) and rubber tread, polyester film (non-metalized), plastic tape, motor car tyre and rubber cloth/sheet (1% each). However, the price of rubber crumb and condoms (2% each) and elastic webbing, tractor tyre, polythene film and cycle/cycle rickshaw tyre (1% each) declined.


The index for 'Manufacture of Other Non-Metallic Mineral Products' group declined by 0.1 percent to 115.8 (provisional) from 115.9 (provisional) for the previous month due to lower price of cement superfine (5%), porcelain sanitary ware (4%) and poles & posts of concrete (1% each). However, the price of ordinary sheet glass (3%), glass bottle (2%) and ceramic tiles (vitrified tiles), clinker, non-ceramic tiles and stone, chip (1% each) moved up.


The index for 'Manufacture of Basic Metals' group rose by 0.7 per cent to 114.6 (provisional) from 113.8 (provisional) for the previous month due to higher price of steel forgings-rough (16%), stainless steel pencil ingots/billets/slabs and brass metal/sheet/coils (3% each), aluminium powder, copper metal/copper rings, cast iron, castings and ferrochrome (2% each) and other ferro alloys, rails, GP/GC sheet, aluminium disk & circles, ferromanganese, copper shapes-bars/rods/plates/strips, aluminium metal, galvanized iron pipes, ferrosilicon, cold rolled (CR) coils & sheets, including narrow strip, stainless steel coils, strips & sheets, stainless steel bars & rods, including flats, aluminium alloys and steel cables (1% each). However, the price of MS castings, MS wire rods, sponge iron/direct reduced iron (DRI), aluminium foil, MS pencil ingots and MS bright bars (1% each) declined.


The index for 'Manufacture of Fabricated Metal Products, Except Machinery and Equipment' group rose by 0.4 percent to 115.7 (provisional) from 115.2 (provisional) for the previous month due to higher price of copper bolts, screws, nuts (3%), lock/padlock, bolts, screws, nuts & nails of iron & steel, forged steel rings, bracket and steel container (2% each) and steel pipes, tubes & poles, metal cutting tools & accessories, hand tools, steel drums & barrels, cylinders and stainless steel tank (1% each). However, the price of steel structures, pressure cooker and stainless steel utensils (1% each) declined.


The index for 'Manufacture of Computer, Electronic and Optical Products' group declined by 0.1 per cent to 112.9 (provisional) from 113.0 (provisional) for the previous month due to the lower price of a meter (non-electrical), watch, air conditioner and capacitors (1% each). However, the price of electro-diagnostic apparatus, used in medical, surgical, dental or veterinary sciences (5%) and scientific timekeeping device and colour TV (1% each) moved up.


The index for 'Manufacture of Electrical Equipment' group declined by 0.2 percent to 111.6 (provisional) from 111.8 (provisional) for the previous month due to lower price of transformer, connector/plug/socket/holder-electric and fibre optic cables (2% each) and solenoid valve and refrigerators (1% each). However, the price of fluorescent tube, electrical resistors (except heating resistors) and electric filament type lamps (3% each), jelly filled cables, insulating & flexible wire, incandescent lamps, amplifier and ACSR conductors (2% each) and copper wire, electric mixers/grinders/food processors, rubber insulated cables and meter panel (1% each) moved up..


The index for 'Manufacture of Machinery and Equipment' group rose by 0.1 percent to 111.4 (provisional) from 111.3 (provisional) for the previous month due to higher price of pressure vessel & tank for fermentation & other food processing (14%), conveyors-non-roller type (4%), dumper, chillers, cranes and sugar machinery (3% each), air or vacuum pump and roller & ball bearings (2% each), manufacture of bearings, gears, gearing & driving elements, grinding or polishing machine, excavator, water purifier, agriculture implements, threshers, soil preparation & cultivation machinery (other than tractors) and centrifugal pumps (1% each). However, the price of injection pump (6%), precision machinery equipment/form tools (3%), mining, quarrying & metallurgical machinery/parts, open end spinning machinery, pump sets without motor and pharmaceutical machinery (2% each) and gasket kit, oil pump, industrial valve, filtration equipment, hydraulic equipment and evaporator (1% each) declined.


The index for 'Manufacture of Motor Vehicles, Trailers and Semi-Trailers' group declined by 0.6 percent to 112.9 (provisional) from 113.6 (provisional) for the previous month due to lower price of passenger vehicles (3%), seat for motor vehicles and axles of motor vehicles (2% each) and, minibus/bus, chain and piston ring/piston & compressor (1% each). However, the price of wheels/wheels & parts (3%), brake pad/brake liner/brake block/brake rubber, others, steering gear control system, silencer & damper and release valve (2% each) and light, medium & heavy commercial vehicles, radiators & coolers, cylinder liners, chassis of different vehicle types and gearbox & parts (1% each) moved up.


The index for 'Manufacture of Other Transport Equipment' group rose by 0.5 per cent to 112.0 (provisional) from 111.4 (provisional) for the previous month due to a higher price of railway brake gear (2%) and bicycles of all types, motorcycles and tanker (1% each).


The index for 'Manufacture of Furniture' group rose by 1.5 per cent to 127.3 (provisional) from 125.4 (provisional) for the previous month due to a higher price of foam and rubber mattress (8%), hospital furniture (2%) and steel shutter gate (1%).


The index for 'Other Manufacturing' group rose by 0.1 per cent to 107.1 (provisional) from 107.0 (provisional) for the previous month due to the higher price of a cricket ball and cricket bat (3% each) and silver (1%). However, the price of playing cards (3%) and plastic moulded-others toys (2%) declined.


WPI FOOD INDEX (Weight 24.38%)


The rate of inflation based on WPI Food Index consisting of 'Food Articles' from Primary Articles group and 'Food Product' from Manufactured Products group decreased from 0.14% in September 2018 to -0.64% in October 2018.


FINAL INDEX FOR THE MONTH OF AUGUST, 2018 (BASE YEAR: 2011-12=100)


For the month of August 2018, the final Wholesale Price Index for 'All Commodities' (Base: 2011-12=100) stood at 120.1 as compared to 120.0 (provisional) and the annual rate of inflation based on final index stood at 4.62 per cent as compared to 4.53 per cent (provisional) respectively as reported on 14.09.2018.


Harlem Haberdashery Presents The HH Bespoke Spirits Collection 2018-11-13

From Swatches to Spirits, the family behind the award-winning and critically-acclaimed bespoke boutique Harlem Haberdashery introduces their first national brand extension HH Bespoke Spirits Collection. The curated spirits collection launches November 2018 in California, Massachusetts and New York.


The Harlem Haberdashery draws inspiration from the rich and historical style of the Harlem Renaissance. "For twenty-six years and counting our family has created fashion through our experiences celebrity custom wholesale vendors clothing and business (FLAVORS 5001) and our retail boutique (Harlem Haberdashery). We are excited to present the HH Bespoke Collection to celebrate life with our curiosity, "says Sharene Wood, President & CEO of Harlem Haberdashery and HH Bespoke Collection partner about creating the brand extension.


The family comprised of Guy Wood, Sr, son Guy Wood Jr., her brother Kells Barnett, and business partners Louis Johnson Jr. and Ashlee Muhammad collaborated with AstraLuna Brands to create the following tailored-made spirits:


Harlem Haberdashery Bespoke Gin - a remix on a traditional London Dry style gin, which is then updated with American botanicals, with moderate juniper flavors up, which are balanced by the botanical infusion of lavender, rosehip, beach plum and cranberry. Our gin mixes well with everything from simple tonic water to stronger bitter or sweet flavors.


Harlem Haberdashery Bespoke Rum - a truly unique blend of aged rums reminiscent of those produced in the 18th century. This expressive and distinctive spirit starts as New York Oak and then once-used Bourbon barrels. The result is a palatable barrel with a very high level of flavor, with a hints of the butterscotch, vanilla and other exotic notes.


Harlem Haberdashery Bespoke Vodka - a super-premium vodka of unparalleled quality. It's handmade in small batches using locally grown potatoes and distilled three times. This super premium vodka of unparalleled quality is crisp and clean. A perfect mixer for your cocktails or a refreshing drink just by itself.


The collection is distilled and manufactured by AstraLuna Brands. Each spirit contains 40% alcohol for $ 55 (suggested retail price). The collection is available through limited distribution by LibDib.com for buy wholesale clothing  purchase. Please visit our website for food and drink. HH Bespoke Spirits Creative Direction and Photography by Brent Herrig Photography.


About AstraLuna Brands


AstraLuna Brands is a craft distiller and distributor of ultra premium and small batch spirits that include vodkas, rums, gins, whiskeys and locally themed, high quality, brandies.


About Harlem Haberdashery


Harlem Haberdashery - the award-winning (Time Out New York) bespoke boutique listed as "One of the best places to shop in Harlem" (Racked.com). The "retail expression" of 5001 FLAVORS located in the heart of Harlem, NY opened in 2012. The nearly 2,000 square foot boutique, former home of late civil rights leader Malcolm X, carries emerging accessories and apparel designer and pays homage to Harlem's rich history and luminaries.


Harlem Haberdashery signature collection has been seen on the award-winning restaurateur Marcus Samuelsson, is the New York Giants 'Victor Cruz, New York Yankees' CC Sabathia and others. Harlem Haberdashery has received press accolades from: amNY, CBS The Dig, Crain's New York Business - TV, Essence.com, The New York Times, Racked.com, The Washington Post, WHERE NEW YORK and many other media outlets.


Superdry Expects Interim Revenue Growth Ahead Of Key Trading Period 2018-11-09

Superdry PLC, the best wholesale clothing suppliers, on Thursday said it expects its half-year revenue to have increased 3.1% on last year as it prepares for its all-important winter sales campaign.


For the six months to October 27, the clothing retailer estimates group revenue rose to GBP414.6 million from GBP402.0 million a year before.


Within this, Superdry said it expects to report an increase of 7.8% in Wholesale revenue to GBP171.8 million from GBP159.3 million and of 6.9% in E-Commerce to GBP65.4 million from GBP61.2 million.


Store revenue, however, is expected to drop by 2.3%, coming in at GBP177.4 million from GBP181.5 million.


Average retail space in the half-year increased 9.4% to 1.2 million square feet from 1.1 million square feet in the comparative period a year ago.


Global Brand revenue, an adjusted performance metric which represents the equivalent value of group revenue at the values paid by consumers, is expected up 7.4% year-on-year to GBP850.2 million from GBP791.7 million.


Global Brand revenue is calculated by uplifting all revenues by applicable sales tax rates and uplifting revenues in the wholesale clothing supplyers division by a factor representing the applicable mark up from wholesale to consumer prices, Superdry explained.


"Superdry has made significant progress in the first half," Chief Executive Officer Euan Sutherland said.


He added: "We are six months into a product diversification and innovation programme and, as we said in the summer, it will take up to 18 months for the benefits to come through. In the meantime we are well prepared for peak trading and the team remains highly focused on the delivery of sales growth and further efficiencies in the remainder of the year."


Superdry said that its trading performance in the half was impacted by "unseasonably hot weather conditions" as the retailer is known for its coats and jackets.


Back in October, Superdry warned that the hot summer weather in the UK, combined with weak consumer confidence, will dent annual profit for financial year 2019 by around GBP10 million.


On Thursday, the retailer said weather conditions will determine the level at which full year profits will come in.


It explained: "While some of our key markets saw colder weather conditions last week, with the result that our sales performance in those markets was more typical for this time of year, we have not yet seen a sustained period of seasonally typical weather.


"As highlighted previously, the company's full-year profits are heavily influenced by its performance in the second half, led by cold weather products with jackets and sweats, accounting for 55% to 60% of autumn winter sales."


Superdry shares were trading down 3.1% at 830.00 pence each.


Wine shopping at Costco features hidden gems 2018-11-07

We’ve all seen the shows: Doomsday preppers building bunkers underground preparing for the zombie apocalypse or nuclear winter by stockpiling bulk items to last for decades.


You can bet if there were a threat of zombies forcing the modern world underground, I would be stockpiling the best bottles of Châteauneuf-du-Pape, Bordeaux and California Cabs I could find. The place I would most assuredly start my stockpile expeditions would be Davenport's new Costco Wholesale, also the best usa dropshippers.


Hundreds, if not thousands, of Quad-Citians have flocked through Costco's doors since it opened on October 20. But many may not immediately think of Costco as a viable option to find great wines, which in my opinion, is unfortunate.


Costco does not possess the caché of an extensive warehouse wine retailer nor the high-end finesse that comes with area wine shops. What it lacks in design appeal, the store makes up for in other areas: Low prices and a wide variety of labels carried.


Costco is a true diamond in the rough, in terms of wine shopping, and it houses some hidden gems.


In a state that limits quantities of imported labels, it’s refreshing to see new bottles that don’t frequent the shelves here at other local stores.


As I’ve come to learn, when you have a chance to snatch up these great wine finds without paying a premium, it’s best to grab three or four bottles at a time for your collection before they disappear.


From best value, to splurge-worthy finds, here are 10 wines to look for, and ones to add to your shopping cart while you can find them at Costco, at 2790 E. 53rd St., Davenport.


2015 Heitz Cellars Cabernet Sauvignon: $47.99 (reg. $55-$60)


2015 Chateau Montelena Chardonnay: $39.99 (reg. $50)


2016 Seghesio Zinfandel: $16.99 (reg. $25-$30)


2015 Antinori Tignanello: $89.99 (reg. $120)


2015 Domaine Drouhin Pinot Noir: $33.99 (reg. $40)


2016 Dr. Loosen Blue Slate Riesling: $16.99 (reg. $18)


2015 Chappellet Cabernet Sauvignon: $47.99 (reg. $60-$65)


Chateau D’Aqueria Tavel Rosé: $14.99 (reg. $20)


2015 Stag’s Leap Cabernet Sauvignon: $39.99 (reg. $50)


Kirkland Brand: From $10 to $30


Be compared to cheap clothes websites, Kirkland is Costco’s house brand and goes far beyond clothing items and groceries. While Kirkland wines may not be the keystone of your cellar collection, Costco has made great strides in developing its own house brand of wine, including everything from Pinot Noir, Brunello di Montalcino and even Gigondas.


The brand has also established its own winemakers from around the world, from California to Europe. Many Kirkland wines offer great value and are fairly tasty wines for everyday sipping. These Kirkland brand wines range in price from under $10 up to around $30.


Don’t let the phrase “house brand” scare you off. I’ve yet to make it through the whole portfolio, but the Pinot Noir and Cotes du Rhone are quite nice at the moment and easy drinkers.


If you're a wine lover and have yet to make it to the Davenport's Costco, I encourage you to do so. It is a great addition to the area's wine-shopping scene.


I expect to keep seeing great finds at Costco and will be at-the-ready to stock my cellar with some truly great bottles.


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