Cellar management for the Corner Wine Shop – Another Stone in the Slingshot
Friday, May 2nd, 2008The founders of Nimbletoad voted today to make available to independent wine retailers a free version of their new cellar management program, vinecat. The founders hope this program will help stores compete against those with greater financial and political leverage.
It becomes harder each year for the independent wine retailer to stay competitive. For nearly 20 years the founders of Nimbletoad have sided with the Davids as they fight the Goliaths.
First, it was allocations of sought after wines. Political ties and buying leverage quenched that. Since 1999 Costco has been the largest seller of first growth Bordeaux in the United States. As a wine buyer, one of the founders looked to other lesser known regions to help his store maintain a competitive advantage.
Next came the onslaught of private label wines, with Trader Joe’s Two Buck Chuck leading the charge. Private label wines offered the chain stores better margins and label exclusivity. In response, the founders formed a company to help smaller wine stores develop private label programs. Through these programs, stores were able to offer better wines at higher margins without the threat of being undercut by the chains.
Today, technology is taking its toll. Companies like Vinfolio are using both capital and intellectual networks to close the doors on competition. The result are closed social circles where clients inventory their wines, sell their wines [not all companies offer this service] and buy their wines; all within a closed loop.
In response to the latest threat to the corner wine shop, the founders of Nimbletoad plan to make a free version of vinecat available to independent retailers. Soon, the corner bottle shop will be able to offer a complete cellar management solution to their customers.
If you operate an independent wine shop, send an email to info@nimbletoad.com. We would like to hear your thoughts and put you on the list for this competitive equalizer.
How do you know you are independent?
- Your board of directors are not Silicon Valley washouts (I mean luminaries)
- Your idea of venture capital is gas money to Tahoe
- You’re not related to the mayor
- Your advisory board consists of your spouse
