Big-name beer brand shuts down more stores
The retailer also closed locations earlier this year, as its signature beverage shows signs of dampening consumer interest.
Beer seems to fade in and out of popularity.
The beverage clearly has a core following of people who love their big-name brands and a dedicated crew of folks who love craft beer. But every few years, beer seems to have its moment.
That leads to an explosion of new brands on the market and people opening brewpubs, beer stores, and other beer-related businesses out of love, not always because they have a sound business plan.
Related: Award-winning beer brand files Chapter 7 bankruptcy to liquidate
Currently, the beer industry is suffering. Overall sales are down, which many blame on younger drinkers opting for a more sober lifestyle. In reality, that's a good media story, but it's actually more a shift from beer to other libations.
CBD and THC-infused drinks have become legal in many markets, and ready-to-drink cocktails have also grown in popularity. Beer hasn't gone away — in fact, it remains incredibly popular.
