UK retail sales smash expectations in September

first_img“Spending on home improvement and gardening items in particular have boosted sales.” Friday 23 October 2020 7:58 am UK retail sales jumped in September, solidly beating economists’ expectations (Getty Images) Also Read: UK retail sales smash expectations but analysts flag trouble ahead The 1.5 per cent growth was much better than economists had expected. It also beat the 0.6 per cent expansion in sales in August, the Office for National Statistics (ONS) said. UK retail sales jumped in September, solidly beating economists’ expectations (Getty Images) UK retail sales rose well beyond expectations in September, with Britons buying 1.5 per cent more goods than a month earlier as they stocked up on food and turned to online retailers. Thomas Pugh, UK economist at Capital Economics, said: “Total consumer spending will probably start to stutter over the next few months as the furlough scheme ends and unemployment rises.” Show Comments ▼ UK retail sales smash expectations but analysts flag trouble ahead And the end of the furlough scheme in October is likely to cause a strong rise in unemployment, economists say. whatsapp Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said the figures were “probably this year’s peak, given the outlook for falling incomes and renewed lockdowns”. Sales in food stores came second, growing 1.4 per cent as opportunities to eat out were limited. UK retail sales jumped in September, solidly beating economists’ expectations (Getty Images) Also Read: UK retail sales smash expectations but analysts flag trouble ahead center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USANoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comBetterBe20 Stunning Female AthletesBetterBeZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldPost FunWoman Refuses To Tip Waiter But Didn’t Realize What She Left At The TablePost FunMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory He said this was “despite the increased generosity of the job support scheme” which chancellor Rishi Sunak announced yesterday. “Food stores and online retailers have fared particularly well in recent months,” said Jonathan Athow, deputy national statistician at the ONS. Fuel sales fared the worst, slipping 0.9 per cent from February to September, as people were kept from travelling. In the three months to September, retail sales volumes jumped by 17.4 per cent compared with the previous three months. That was the biggest quarterly rise on record. whatsapp Online retail sales grow strongly It meant retail sales were 4.7 per cent higher than a year earlier in September. And it also meant they were 5.5 per cent higher than their pre-pandemic level in February. Over the February to September period, non-store retailers did the best, with 4.2 per cent growth in sales. The category includes online shopping, mail-order, or other purchases not in person. Share Harry Robertson However, analysts warned that the sector faces a difficult winter. Rising coronavirus cases and the new restrictions are set to knock consumer spending. “And most other store types have now recovered to pre-pandemic levels too after being subject to temporary closures during restrictions in the spring. last_img read more

Market steady as corporate results kick off – New York Report

first_imgGAINS from a better-than-expected start to corporate earnings season, which boosted investor confidence, were curbed by a drop in commodities yesterday.The Dow Jones industrial average rose 13.96 points, or 0.08 per cent, to 18,100.41, the S&P 500 gained 1.64 points, or 0.08 per cent, to 2,128.28 and the Nasdaq Composite added 8.72 points, or 0.17 per cent, to 5,218.86.Shares of technology companies were among the bright spots, helping the tech-heavy Nasdaq Composite to its third straight record close as investor focus shifts to earnings from Greece and China. The top five boosts to the S&P 500 were from the tech sector.IBM lost 3.6 per cent to $167.01 in extended trade after its quarterly results yesterday. Apple, Yahoo and Microsoft are due later this week.So far, 70 per cent of companies have reported earnings above analyst expectations, above the 63 per cent average beat rate since 1994. Earnings are expected to decline 2.1 per cent for the quarter, a modest improvement from the expected three per cent fall on 1 July.However, 55 per cent have topped revenue forecasts, below the 61 per cent average beat rate since 2002. US firms were expected to post their worst sales decline in nearly six years in the second quarter, in part due to the strong dollar that reduces the value of US companies’ overseas income. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunUndozenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoArticles SkillHusband Leaves Wife For Her Sister, Not Knowing She Won The Lottery Just Moments BeforeArticles SkillUndoTotal Battle – Tactical Game OnlineAdvertisement The Most Addictive Strategy Game of 2021Total Battle – Tactical Game OnlineUndoTotal PastThis Was Found Hiding In An Oil Painting – Take A Closer LookTotal PastUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndo Tags: NULL Share More From Our Partners Institutional Investors Turn To Options to Bet Against AMCvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp center_img Show Comments ▼ whatsapp Market steady as corporate results kick off – New York Report Monday 20 July 2015 8:33 pm Express KCS last_img read more

Regulators want Libor replaced with several rates

Companies Bank for International Settlements James Langton Share this article and your comments with peers on social media In particular, the central bankers are worried about possible risks to monetary policy transmission, and financial stability, that may arise from deficiencies in the design of reference interest rates, market abuse, or from financial firms using reference interest rates that embody economic exposures other than the ones they actually want or need. It finds that there’s an “urgent need to strengthen the reliability and robustness of existing reference rates and a strong case for enhancing reference rate choice,” it says. The report calls for prompt action by the private and the public sector to respond to these concerns. In addition to the Libor market manipulation scandal, the report notes that a sharp contraction in market activity since 2007 has raised questions about the robustness and usefulness of reference interest rates based on term unsecured interbank markets; and, structural change in derivatives markets, such as the wider use of collateral and the move to centrally clear standardised OTC derivatives, may add to the demand for reference rates that do not embody bank credit risk. “These developments and the current procedures that produce reference interest rates have potential implications for monetary policy transmission and financial stability,” it says. “From a monetary policy transmission perspective, reference rates may behave in unexpected ways especially in periods of stress. As a result, economy-wide financing conditions may change in unpredictable and unintended ways.” As for financial stability issues, it says that a loss of confidence in reference rates, because they had been shown to be unreliable, could lead to market disruption. Poorly conceived reference rates could transfer risks in inappropriate ways, or they could transfer pricing errors across financial markets. And, unreliable reference rates may impair a central bank’s ability to respond to financial fragilities, it suggests. To counter these risks, it calls for a sound rate setting process based on greater use of transaction data, combined with the transparent and appropriate use of expert judgment, to enhance the resilience of reference rates. And, it says that steps should also be taken to ensure contracts have robust fallback arrangements, in the event that the main reference rate is not produced. Policymakers should agree on principles to strengthen governance frameworks that enhance the reliability and robustness of reference rates, it says. They should also work with the private sector to ensure adequate governance and rate setting, it notes. And, it calls for cooperation between central banks and regulators to enhance reference rates. Additionally, central banks should promote additional choices in reference rates, it says, including encouraging a rebalancing away from current mainstream reference rates which embed banking sector credit risk, and to alleviate constraints on transition. In order to enhance reference rate choice, central banks can promote the development and improvement of (near) credit risk free reference rates such as overnight rates and overnight index swap rates or general collateral repo rates, it says. “The report released today makes a significant contribution to the ongoing examination of reference rates used in financial markets. It is clear that central banks must play an important role in supporting the development of alternative reference rates,” said Mervyn King, chairman of the ECC and the current governor of the Bank of England. Facebook LinkedIn Twitter Global banking regulators are throwing in their two cents regarding possible reforms in the wake of the London Interbank Offered Rate (Libor) scandal. The Bank for International Settlements (BIS) released a report Monday from a working group established by the Economic Consultative Committee calling for reforms by central bankers to help improve the use of financial market benchmarks. The report reviews issues in relation to the use and production of reference interest rates, such as Libor and Euribor, from the perspective of central banks. read more

JRC to look at expanding OBSI’s powers

first_imgJRC to look at expanding OBSI’s powers IIROC drops expanded OBSI reporting proposal The regulatory committee that oversees the Ombudsman for Banking Services and Investments (OBSI) is considering options for enhancing the ombudservice’s powers. FAIR Canada applauds Soliman report recommendations for OBSI Related news Keywords Dispute resolutionCompanies Ombudsman for Banking Services and Investments IIROC seeks nominees for OBSI board James Langton Share this article and your comments with peers on social media Facebook LinkedIn Twitter The Joint Regulators Committee (JRC) — which includes representatives from the big four provincial regulators as well as the Investment Industry Regulatory Organization of Canada and the Mutual Fund Dealers Association of Canada — published its annual report on Thursday that details its oversight of OBSI for the past year. Specifically, the report says the committee “strongly supports OBSI as the dispute-resolution service and continues to engage in discussions with OBSI, with a view to focusing on options for strengthening its ability to secure redress for investors.” An independent reviewer recommended, last year that OBSI be given the power to enforce its compensation recommendations rather than simply relying on its existing “name and shame” power. Furthermore, the JRC indicates that OBSI’s board supports many of the recommendations, including that it be given the power to make binding recommendations. Separately, the Ontario Securities Commission (OSC) announced on Thursday that it intends to respond to the recommendation for added powers at OBSI. The OSC’s draft statement of priorities for the year ahead says that the regulator, along with the rest of the JRC, intends to, “develop a regulatory response to the recommendations in the independent evaluator’s report, particularly the recommendation for binding decisions.” Read: OSC to explore ways to reduce regulatory burden Read: OBSI reports increase in complaints for 2016 Along with these pledges to deal with the recommendation for binding powers, the JRC is continuing to monitor instances of firms refusing OBSI’s compensation recommendations and the size of settlements to “consider patterns and issues raised by them.” The JRC also indicates that it continues to monitor quarterly reports that it receives from OBSI on complaint and case resolution data along with the flow of firms into and out of OBSI. Photo copyright: dimasobko/123RFlast_img read more

Large deals drive big rise in venture capital activity in Q2

first_img Keywords Venture capitalCompanies KPMG LLP Facebook LinkedIn Twitter Global venture capital (VC) activity surged in the second quarter (Q2) of 2017, driven by a series of large deals in both the U.S. and Asia, according to a new report from KPMG International. The firm reports that there was $40.1 billion (all figures in U.S. dollars) worth of global VC activity in Q2, up from $25.8 billion in the first quarter (Q1). The increase in deal activity was particularly stoked by large deals, with a total of nine deals valued at more than $500 million — including a couple of transactions worth more than $1 billion. By geography, the U.S. accounted for more than half of the global investment total, at $21.8 billion, representing the second highest quarterly total in the past decade. Asia ranked second with $12.7 billion in deals (more than doubling the previous quarter’s total), followed by Europe at $4.1 billion. Despite the increase in deal value, the volume of transactions declined in Q2, KPMG reports. In particular, early stage deal activity has declined. There were just 1,310 early-stage deals in Q2, down from a high of 2,674 in Q1 of 2015, it notes. Still, KPMG maintains that “the venture environment remains healthy and vibrant,” with valuations continuing to increase. “Overall VC investment in every major region of the world was up this quarter – an incredibly positive sign following several lackluster quarters,” says Arik Speier, head of technology with KPMG Somekh Chaikin in Israel. “While the low deal count, particularly at early deal-stages remains concerning, strong fundraising bodes well for continued strength in VC investment for the remainder of 2017.” Capital is also continuing to pour into the venture space. KPMG reports that global venture fundraising came in at $17 billion in Q2, up from $11.5 billion in Q1. “The IPO markets gained strong momentum ending the second quarter which should set up for a strong second half of 2017,” said Brian Hughes, national co-lead partner at KPMG’s venture capital practice and partner with KPMG in the U.S. “Venture capital invested has improved significantly this quarter, with large deals in Asia, the Americas and Europe.” Photo copyright: binaryproject/123RF Related news B.C. dominates Canadian VC funding in Q1 James Langton Share this article and your comments with peers on social media Canadian venture capital investments totalled $4.4B in 2020 Tech sector drove strong global VC investment in 2020: KPMGlast_img read more

Governor-General Proclaims November 25 Eat Jamaican Day

first_imgGovernor-General Proclaims November 25 Eat Jamaican Day UncategorizedDecember 1, 2006 Advertisements RelatedGovernor-General Proclaims November 25 Eat Jamaican Day RelatedGovernor-General Proclaims November 25 Eat Jamaican Daycenter_img FacebookTwitterWhatsAppEmail Governor-General, the Most Hon. Professor Kenneth Hall has issued a proclamation for November 25 to be officially observed as ‘Eat Jamaican Day’ each year.In delivering the instrument to the Jamaica Agricultural Society (JAS) at its ‘Eat Jamaican Day Festival’ held recently at the Denbigh show ground, Professor Hall indicated that the campaign to get more Jamaicans to support the local agriculture industry was critical to the future of the nation.“This campaign has a most serious intent as in conjunction with the Bureau of Standards, what the JAS is communicating is that when you eat Jamaican you are also eating products of the highest quality. It also conveys what other countries know, that once those who produce eat what they produce then there is no need for tariff barriers even at the level of the of the World Trade Organization where it is curious that those who put up the barriers are the same ones who go to extreme lengths to protect their own local farmers,” he said.Professor Hall said Jamaicans must observe the country’s agricultural roots and thanked the JAS for “spearheading this endeavour and conveying really in a serious way that Jamaica does produce a range of products and our own culinary skills are well known. The important point is to mobilize both the production, marketing and the skill to make the campaign a success”.Meanwhile, President of the JAS, Senator Norman Grant noted that the Eat Jamaican campaign had emerged out of the need to solicit the support of citizens to choose quality local produce.“The campaign has certainly since the time it began given good support to our farmers and it was not long after we started that the JMA (Jamaica Manufacturers’ Association) started the Buy Jamaica Campaign and in June of 2005 the JEA (Jamaica Exporters’ Association) came with the brand Jamaica campaign,” he said.Senator Grant pointed out that the high levels of imports was still posing a challenge to local farmers.“Statistics show that as of July, 2005 the value of our imports was estimated at some US$334 million while exports value a mere US$113 million creating a huge trade deficit. This speaks to the fact that we need to increase our production and our exports as well as our consumption of locally grown products and reduce our reliance on imports, we should only bring in what we cannot grow,” he said.Senator Grant made reference to the current move by the JAS and the Bureau of Standards Jamaica to get local farmers better prepared for the global market place.“One of the special features today is the unveiling of the seal of approval. A recognized seal which certifies that farmers meet local and international safety standards and regulations.it was conceptualized by both the Bureau and the JAS under the Certification of Agriculture Produce Programme (CAPP),” Senator Grant informed.The initiative represents a collaborative effort among the Ministry of Agriculture and Lands; the Caribbean Agriculture Development Institute; the Rural Agricultural Development Authority; the Scientific Research Council; the National Environment and Planning Agency; Antilles Chemicals; Agrograce, and farmers. It is funded by the Ministry of Industry, Technology and Commerce, through the Bureau of Standards Jamaica at a cost of $2 million,” he informed. RelatedGovernor-General Proclaims November 25 Eat Jamaican Daylast_img read more

CU-Boulder Students To Get New Card For Campus Business Transactions

Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail CU-Boulder students will take the first step toward automating many of their business transactions this spring when their pictures are taken for the new Buff OneCard, designed to provide one-stop shopping for administrative and some commercial transactions on and off campus. The Buff OneCard will become the new identification card for students’ university business including access to dining halls, the Recreation Center, Wardenburg Health Center, Norlin Library and eventually to buildings or portions of buildings that now require a key to enter. A key feature of the new card is that it will no longer require a validation sticker providing proof of full-time student status. Instead, a magnetic strip on the card will electronically verify the student’s enrollment status by accessing data from the Student Information System. Also, since the new card will tap into the information system, the cards will provide up-to-date verification of enrollment status, according to Registrar Bill Haid. That means if a student has dropped below full-time status, the privileges of that status — such as access to the Recreation Center — will automatically be revoked. The card also will electronically verify a student’s class standing, fee payment status and other information. ID card readers at campus departments will provide information about students when they use their cards for services, such as verifying proof of insurance at Wardenburg or permitting books to be checked out at the library. Another option for students will be the opportunity to use their campus identification cards for commercial uses on campus, such as vending machines, the bookstore and in the University Memorial Center food court, as well as other locations. The card will provide access for students who want it, and who are members of the U of C Federal Credit Union, to make on- and off-campus purchases at businesses and to charge long-distance phone calls through MCI. Businesses that accept the card are those in the national Star Explorers network including King Soopers, Safeway, Albertsons, Target, Jiffy Lube and many others. The card also will function as a debit card at ATM machines. About 60 percent of students currently have accounts at the credit union, making them eligible to use the card for debit purchases. Off-campus purchases and ATM transactions made with the card will require a PIN (personal identification number) as part of the Buff Gold program. On-campus purchases at vending machines and other campus sites will not require a PIN as part of the Buff Bucks program. ATM access will be available though the major ATM networks. Although the card will be required for identication, building access and for some university services, use of the card for debit purchases and long-distnace calling will be completely optional, said Barbara Ross, associate registrar. “We think students will find the new card more convenient for conducting university business because of its ability to access information, which will immediately answer questions about a student’s status,” she said. “We also think the commercial uses will be handy for students, but it’s entirely up to the student to use those features or not.” In April, students who plan to return next fall will have digital photographs taken for the new cards, which they will receive by mail in July, according to Ross. Freshmen and new transfers will receive the cards from June through August when they attend orientation, or in the first days of the fall 1997 semester during final orientation sessions. The cards will be issued free of charge to students but replacement cards will cost $15. Eventually faculty and staff at CU-Boulder will have new identification cards and will be able to use many of the debit features of the card offered to students, said Ross. Published: March 3, 1996 read more

Looking ahead: Use Summer Session to explore degree options

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: March 1, 2017 When faced with the challenge of choosing a major among more than 90 options at CU Boulder, what can a student do? The task might seem daunting, especially for students interested in multiple subjects.Such was the case for senior Haelena Bondi-Camacho. She was interested in Business, Anthropology, Political Science, and International Affairs, but wasn’t sure which degree to choose.“I didn’t feel like I had time during the fall and spring semesters to explore different degree options given scheduling conflicts and the availability of certain courses,” Haelena said. “I used Summer Session to investigate courses that interested me while also knocking out a few core requirements.”During Summer Sessions 2014 and 2015, Haelena took Maymester and online classes covering topics that interested her the most: Principles of Business, Global Islam, and Beginning Italian. These experiences helped her decide on a Political Science major with a minor in Business.“I was relatively late in deciding a major,” Haelena said. “I didn’t declare myself a Political Science major until the middle of my sophomore year. I originally declared myself an International Relations major, but decided to change to Political Science because I wanted to graduate in four years and couldn’t complete the foreign language requirement in that time.”Her major declared, Haelena’s Summer Session goals changed. She transitioned from using summer to explore different programs to staying on track to graduate. During summer 2016, she took two classes that satisfied major requirements, which set her firmly on a path to graduate in May 2017.“I love Summer Session for a number of reasons. It is quieter; there’s always a place to sit in the library and printing is always open. I loved knocking out three credits in three weeks, which still gave me time to see friends, travel, and work during the summer.”“I know for a lot of students money is a big issue,” Haelena admitted. “They don’t want to spend money in the summer when they can just take courses during the fall and spring, but I’m glad I did it because it opened doors. There are so many different paths to take and I bought myself time to explore and learn.”Explore what Summer Session can offer you at summer.colorado.edu.Summer registration begins March 8.Categories:AcademicsCampus Communitylast_img read more

For Valentine’s Day, experts available to discuss science of love

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Feb. 12, 2019 With Valentine’s Day fast approaching, CU Boulder experts are available to discuss the neuroscience of love, how it impacts our health, and the secret to writing a good love poem. The neurochemistry of love: Zoe Donaldson, an assistant professor of behavioral neuroscience, studies the brain chemicals and biological processes responsible for enabling humans to form lasting bonds with others—or fall in love. Through observations of prairie voles, one of the few other monogamous mammal species, she and others have identified two key hormones at play: vasopressin and oxytocin. She can discuss how they work, and how understanding them better can help humans. [email protected] properties of hand-holding: Pavel Goldstein, a postdoctoral researcher with the Institute of Cognitive Science, studies “interpersonal synchronization” or the way in which we physiologically mirror the people we are with. His research has shown that holding hands with a loved one prompts our brain waves, breathing and heart rate to sync up with theirs and can also ease pain. [email protected] the placebo-effect eases heartbreak: Tor Wager, a professor of psychology and neuroscience, has found that placebos—sham treatments with no active ingredients—not only work to kill physical pain but can also kill emotional pain. The takeaway: Doing something that you believe will help heal your broken heart will probably h[email protected] or [email protected] writing a love poem: Khadijah Queen, assistant professor of English, can break down the basics behind writing the perfect love letter or poem. Her poetry and prose have appeared inPoetry, BuzzFeed News and more.  [email protected]: Lisa Marshall, CU Boulder media [email protected] 303-492-3115last_img read more

Wine Hooligans Savors Successes of 2015

first_imgShare Hooligans was also able to develop and introduce two brands in 2015. 3 Ball and Sea Monster were collaborative efforts with Adam LaZarre and Christian Tietje. AdvertisementWine Business Upstart Bullish on 2016Wine Hooligans LLC, created by wine industry veteran Dennis Carroll and his band of hooligan sales and marketing pros, is bullish on 2016 as the company enters its third year of business. Reflecting back on the year’s successes with notable brands Broadside Wines, Cycles Gladiator, Sea Monster, 3 Ball, Stephen Vincent and Goyette, the theme for 2015 was “Introduction”. 2014 was the “Set Up and Organization” year for the company as three brands were acquired, two brands were developed, a national sales team was hired, a distribution network was set up and a production and vineyard partner was appointed in Paso Robles, CA.2015 kicked off with new packaging, wine and focus for Stephen Vincent and Cycles Gladiator and new wine offerings from Broadside Wines. Two newly developed brands Sea Monster and Three Ball were launched and embraced by the marketplace and media. An encapsulated report card from the Head Hooligan, who didn’t skip class for this update, highlighting 2015:Stephen Vincent was rebranded as a Sonoma County/North Coast brand with an emphasis on Pinot, Chardonnay and Cabernet in order to reflect the history and pedigree of Bob Goyette, winemaker and founder of the brand. The packaging was changed to a classic look. Since the reintroduction of the brand, we have received an 88 point score from the Wine Enthusiast for the Cabernet and Gold medals from the California State Fair for the Chardonnay and Red Blend (Crimson). After 50 years of making wine in Sonoma, people are beginning to know Bob and appreciate his winemaking. While we have continued to grow the distribution of these products, Brian and Stephy have maintained quality, with the Paso Cabernet receiving an 88 from the Wine Enthusiast, Top 15 Summer Wine Values from Food and Wine Magazine, Gold Medal from Sunset Magazine and named one of the top 20 wines under $20 dollars and the only domestic product for the Fall from the New York Times. Linkedin Home Industry News Releases Wine Hooligans Savors Successes of 2015Industry News ReleasesWine BusinessWine Hooligans Savors Successes of 2015By Press Release – February 17, 2016 103 0 TAGSWine Hooligans Facebook 3 Ball is our project with Christian Tietje. 3 Ball is a tri appellated zinfandel with fruit from Sonoma, Amador and Paso Robles. Christian, aka Zin Bitch, is a pioneer in the Paso Robles zinfandel and Rhone worlds. 3 Ball reflects three of the best appellations that Christian has made single appellation wines from over the years. The quality is evident in the wine, receiving an 88 from Wine Enthusiast along with a Gold Medal from the San Francisco Wine Competition. Pinterest Sea Monster was a small case production effort with Chardonnay, Sauvignon Blanc and a White Blend. We produced 500 cases of each varietal to a very receptive distributor network and public. These small production wines were all bottled a second time due to demand. Speaking to the quality, the Chardonnay received a 91 from the Wine Enthusiast in its first vintage. We believe we have an opportunity with the White Blend to build a premier white blend simply known as… Sea Monster Eclectic White! Twitter Broadside had built a remarkable reputation over the past 10 years with its single vineyard Margarita Cabernet from Paso Robles. Together with its companion chardonnay, Wild Ferment, Broadside has forged a unique taste profile for Paso Robles cabernet and chardonnay. Brian and Stephy Terrizzi had wanted to produce a more affordable cabernet from Paso Robles, but did not have the organization to launch a product. Wine Hooligans partnered up with the Terrizzi’s in late 2014 to create Broadside Paso Robles Cabernet. In our inaugural year, we will ship close to 12,000 cases of the Paso Robles Cabernet. This has been the most successful launch of a product in my 15 years in the industry. Cycles Gladiator has been completely reinvented in a “back to the future” scenario. Once a leading national brand with one of the most iconic labels in the wine industry, the brand had suffered over the last several years under prior ownership resulting in packaging changes, SKU proliferation, wine quality issues and a downgrade in appellation. The most important component of this acquisition was bringing back Adam LaZarre, the original winemaker for the brand. ReddIt Along with bringing Adam back, we have gone back to the original label with some minor changes, partnered up with a vineyard owner to insure we can keep the brand Central Coast focused providing wine quality that consistently supplies a superior price/quality ratio. This has been supported by a Best Buy from the Wine Enthusiast, California State Fair Gold medals and a Sunset Magazine Wine Competition Gold Medal. Cycles has taken the first step to regaining its position as a leading Central Coast brand. All told in 2015, the company garnered 4 Double Gold Medals, 30 Golds, two 99 point scores, 13 95+ point scores and 35 90+ scores in leading critical publications.Quotes Carroll, “What started out several years ago as an idea to acquire and reinvent brands, has now become a reality with reinvented brands being introduced across the country throughout 2015. Our strategy of people, place and quality has just begun to have an impact in the market. Our run rates in the last few months of 2015, indicate we have a portfolio of acquired brands that will exceed 125,000 cases in 2016.”Shanken News Daily quoted Carroll in a company feature saying, “After forming new company Wine Hooligans, former BevMo and Purple Wine Co. executive Dennis Carroll is attacking at the premium-and-above tier with a growing portfolio of both new and familiar California brands.” Carroll has said of the company’s assertive stance, “What most companies take a decade or more to do, we did in less than two years. Our theme for 2016 is “Intelligent Growth. We want to grow the brands in a manner that is mindful of distribution and brand positioning.”Carroll also launched a popular business-to-business blog called “Hooligan Rants” in keeping with the disruptive, somewhat skewed viewpoint of its founder and team.  The most recent posting, “If You Have Sold Wine Through A Distributor, You Have Been On The Blind Date “Ride With” clearly resonated with the industry as a dead-on take on the infamous “blind date” between supplier and sales rep. It garnered over 4,000 likes and many shares on Facebook and is still spreading virally.About Wine HooligansWine Hooligans, LLC was created by wine industry veteran Dennis Carroll together with an expert team of artisan winemakers. Positioned as a passionate disruptor of conventional wine marketing and sales, Wine Hooligans is a brand acquisition and development company, which brings people, places and products together to make exceptional wines in a wide variety of categories. The portfolio consists of Cycles Gladiator, Sea Monster, Broadside, Goyette and Stephen Vincent. More information can be found atwww.winehooligans.com. Follow the company on Twitter @WineHooligans and blog at http://winehooligans.com/blog/.Advertisement Email Previous articleWine Business Institute Journeys “Down Under” for 9th Academy of Wine Business Research ConferenceNext articleMonterey Vintners & Growers Announce 2016 Executive Committee & New Directors Press Releaselast_img read more