What does it take to succeed in NYC?
At the corner of 54th St and Second Avenue you’ll find my favorite spirits and wine shop. It’s close but not exactly in my neighborhood but I go out of my way to shop there. It’s arguably the best in Midtown.
If you live in Manhattan, chances are there’s a store up the street, around the corner or, a block over. There are “destination” shops like Astor, Beacon and others so I suppose Ambassador fits this genre – well worth going out of your way. Besides, they deliver. But before I talk about them, let’s spend a few minutes on the New York retail scene.
Only in New York
It’s a complicated market at all levels of the Booze Business.
As recently as the 1980s, there were over ten significant distributors. Today there are only two main players. While the gap has been partly filled with wine and beer distributors moving into spirits, the market is in a state of limited competition aka as an oligopoly. In short, the wholesalers call the shots.
A consumer living in the boroughs other than Manhattan can purchase most alcohol products for less than in “the city.” Lower overhead is the main reason.
Thanks to state tax differences, for many consumers it makes more sense to go across the river to New Jersey if you’re looking to stock up, particularly spirits. The difference in state excise taxes is almost a dollar per gallon –$6.44 in NY vs. $5.50 in NJ.
(I used to joke that a car coming to NY from NJ whose trunk was much lower than its hood probably was either a small …