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SAN FRANCISCO, March 9, 2021 /PRNewswire/ Wine.com, the nation s leading online retailer, hosted its eleventh annual Industry Growth Summit for its worldwide wine and spirits suppliers and wholesalers. Over 1,100 registrants from 10 countries logged into Zoom to discuss Wine.com s explosive growth during 2020 and make plans for 2021.
In their presentations, the Wine.com management team reported that revenue grew 119%, to over $300 million during 2020. Highlights included:
Customers of all generations – Millennials and younger (of legal drinking age) grew to represent 39% of Wine.com customers last year, with Gen-X at 30%, Baby Boomers 26%, and older 5%.
Virtual Experiences – Working with wineries and producers eager to showcase their wines and tell their stories, Wine.com launched Virtual Wine.com Experiences in April. Consumers can buy the wine in advance and tune in via zoom or YouTube to listen and taste along side winery visiona