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Screenshot from the Binny's website, 5/2/2025. |
This is a different kind of unicorn, also highly sought but rarely seen, a handle (1.75 L) of excellent quality bourbon for $20 a bottle.
I call this to your attention not because I expect or want you to clean out Binny's, but because this is a good example of something we'll see more of, starting now, as everyone in the distribution chain looks to blow out excess inventory.
I've written about this particular bourbon before. Binny's is the biggest chain retailer in Illinois, with 46 locations. Clark & Sheffield is their house brand. The bottle I wrote about in August could be linked to Sazerac, but house brands can and do change suppliers. That's not important. The point is that a good, fully mature bourbon at $20 for a handle is my kind of unicorn.
This is not a unicorn you put on a shelf and admire. This is one you put on the countertop and drink.
I was browsing Binny's website to see what kind of bourbon bargains presented themselves. This one popped right out. I suggest you do the same with your favored retailers, perhaps more often than normal, because I expect we'll see more of this kind of thing. Right now, Binny's also has handles of Evan Williams and Jim Beam White Label for just $2 more than the Clark & Sheffield. They also have nice mark-downs on handles of Larceny ($36), Maker's Mark ($43), Knob Creek ($52), Bulleit ($43), and Woodford Reserve ($60). The markdowns range from 14 to 20 percent.
The price on Maker's, at 17 percent off the regular number, reminds me of a time, maybe ten years ago, when Maker's briefly stopped producing the 1.75 liter size because demand was so far ahead of supply. They figured they could serve more customers by keeping the smaller sizes supplied. How times have changed.
This is what we can expect going forward, lots more deals. Nobody wants to lower prices permanently, but the right kind of promotional pricing will help producers handle the present oversupply, that and distilling a little less. These are adjustments. Bourbon is not crashing. This is normal. The last decade was not.
We can do our part by taking advantage of good deals when they present themselves.
The products mentioned all come from major, legacy producers. What about the many new contract producers and their customers? What about crafts?
Recently, a 7-year-old bottled-in-bond wheated bourbon priced at $24.99 for a 750 ml caught my eye. It was an unfamiliar brand, but those are impressive credentials. I did a little checking. I learned it was a one-off private label created by an independent bottler for a national retail chain. The bottler got a great deal on a barrel lot from a contract distiller and packaged up a great deal for the retailer and its customers. Although the distiller maybe took a haircut, this sort of thing is good for everyone, especially we drinkers.
But you have to keep your eyes peeled.
On the other hand, a major craft producer just announced a limited time price cut on their flagship whiskey. They needn't have bothered. Nobody crosses the street for a 10 percent discount, not in this environment. Any professional marketer knows that. The crafts are new at this. They'll learn, though some may not learn fast enough to stay in business.
For more on how to win in this brave new whiskey world, CLICK HERE.
5 comments:
This past weekend's buzz amongst local bourbon enthusiasts, also from Binny's, was a $599.99 bourbon, as priced last year when released...Praedictum 15 Year Straight Bourbon from Bill Foley, an entrepreneur who owns the Las Vegas Golden Knights, among many other holdings. Inventory last year was limited to select stores at that price and didn't move. The distributor may have been sitting on hundreds of cases, because all of the sudden, all stores have plentiful quantities re-priced at $199.99 but on sale for $169.99, a whopping $430 reduction in price. The whiskey is from Wild Turkey, bottled by an independent bottler. How times have quickly changed for the better for consumers.
Occurs to me that a lot of bottle stock for American brands come from abroad, although I don't know this but anecdotally. Might that screw up everything eventually, assuming the idiot taxes (tariffs) being applied?
-- Orca7
Is Praedictum Latin for “there’s a sucker born every minute?”
Here in Pennsylvania, the state control stores have 5 year old Gooderham & Worts Private Stock Bourbon on sale for $18. The brand was created by the folks at Laird. The mash bill, 75% corn, 13% rye, 12% malted barley, suggests the distiller was Wild Turkey or Beam..
I was recently in Bardstown. The Kroger had several T.W. Samuels BIBs for $19.99. Several came home with me.
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