Monday, January 26, 2009

Students keeping liquor sales up despite recession

From Curtis Burrhus-Clay of the Texas Christian University Daily Skiff (January 22, 2009)

"The recession may be compelling many Americans to alter their spending habits, but it certainly isn't keeping students from purchasing alcohol.

While many businesses around the nation are experiencing alarming decreases in sales, several reports have shown that the alcohol industry looks to be relatively stable. One local liquor store manager said sales have increased about 5 percent from last year and that he's not at all surprised by the trend.

'Typically, people tend to drink in good times and in bad times," said Lee Labovitz manager of Kings Liquor on West Berry Street. 'We've actually shown a gain from last year.'"

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