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From: lewis.perdue@wineindustryinsight.com

Subject: Lender Charges Diamond Oaks Fraud, Little Holiday Cheer for Online Retail

Date: 2009-11-16 17:34:43

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WINE INDUSTRY INSIGHT

EMAIL EDITION - VOLUME I, NUMBER 133 - November 18, 2009

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Nielsen Sees Little Holiday Cheer Ahead for Online Retail

November 18, 2009 

Ken Cassar, Vice President, Industry Insights, The Nielsen Company

Although retailers have been thinking about the 2009 holiday season since last January, consumers are just starting to think about their holiday plans. As we do every year, Nielsen fielded its annual holiday retail survey at the beginning of this month to get an understanding of consumers’ holiday shopping plans.  While the economy appears to be improving at a snail’s pace, it’s apparent that many consumers intend to spend less and save more this holiday season. In fact, some 42 percent of respondents stated that compared to a year ago they were planning on spending less money on holiday gifts, compared with only 4 percent who intend to spend more.

An even more surprising trend is that of the money that consumers plan to spend this holiday season, a smaller percentage will be spent online: 63 percent of survey respondents said that they would do at least some holiday shopping online, down 10 points from two years ago. Meanwhile, 7 percent of respondents said they would not do any shopping online compared to just 1 percent in 2007.

online-holiday-09-slide-1

Consumers Expect to Spend Less Money Online this Year

Among those that do plan to shop online this holiday season, many consumers expect to spend significantly less than last year. In 2008, 42 percent answered that they would spend more than $300 online during the holiday season. This year, that percentage has dropped to just 31 percent, while 22 percent of respondents said that they are going to spend less than $100 online.

So why do some consumers shop online? Interestingly, the main reason is not to save money, but for convenience. Respondents said the top reason they would shop online was the ability to shop whenever they wanted, followed closely by the ability to avoid the large crowds associated with holiday shopping.

While consumers appear to no longer view the Internet as a value channel, they still see it as a place to do comparison shopping, find coupons and do research. And it’s not just consumers coming from lower household incomes–shoppers of all ages and income levels rely on the Internet to inform their in-store purchases. In October 2009, over one-third of the U.S. online population visited at least one deal-oriented Web site.

Although many consumers don’t feel that they save money by making purchases online, they do view the Internet as a deal-seeking venue. When asked how they use the Internet before going shopping in physical stores, 55 percent of respondents said they use the Internet to compare prices across retailers and 49 percent answered that they use the Web to learn about sales and promotions available in physical stores.

It is clear that while the majority of all purchases continue to take place offline, the Internet has an important role to play—deals found online impact holiday purchase decisions and drive purchases at brick and mortar locations.

online-holiday-09-slide-2

For more information and insights on the 2009 holiday season, download our recent webinar,2009 Holiday Retail Season: What Consumers Have in Store for Retailers this Season.

For more information: Contact Nielsen

Lender Charges Diamond Oaks Chapter 11 Is Fraudulent

The Sept. 14, 2009 bankruptcy petition by Diamond Oaks Vineyards and its owner, Dinesh Maniar is fraudulent and filed in bad faith, according to court documents filed by Hartford Life (($VIP content)) which is seeking to foreclose on property it has financed.

Hartford holds first mortgages on two Napa Valley properties bought by Maniar and improperly transferred to Diamond Oaks Vineyards. The properties are located at 4500 and 4529-4531 St. Helena Highway in Calistoga.

NOTE: Diamond Oaks has also filed a schedules listing assets, liabilities and creditors. The full document is available here for VIP Premium Subscribers.

VIP Subscribers click here to read the complete, un-redacted article.

Also in this article for VIP Subscribers:

  • HARTFORD SAYS MANIAR OWNS LAND, NOT DIAMOND OAKS

  • MANIAR DEFAULTED ON LOANS IN FEBRUARY 2009

  • NAPA, SONOMA LAND TRANSFERS ARE FRAUDULENT SAYS HARTFORD LIFE

  • DUTCHER CREEK IN SONOMA COUNTY ALSO TRANSFERRED

  • DIAMOND OAKS VINEYARDS A “SHELL” CORPORATION?

  • DECEMBER HEARING ON FRAUD ALLEGATIONS

Not a VIP subscriber yet?

Subscribe now, and get the rest of this original article along with everything else on the site every day, including the Data Cellar for just $9.99 per month or $115.88 per year. Click here for more details.


NEWS FETCH

November 18, 2009
  • Kroger "WineStation" Allows Customers to "Try Before They Buy"
  • Wine Market Council Elects Board Officers
  • Franzia to highlight annual Winegrowers Forum
  • Wine Sellers Fight Fakes With Radioactivity, Ion-Beam Sleuthing
  • Why "Millennials" are Impulse Shoppers
  • California growers get money from Washington to help exports
  • Tesco looks for World Cup drinks opportunities
  • Zin group establishes $500000 scholarship endowment for SSU wine program
  • OR: Winery supports brain cancer research
  • Karen Ross Joining U.S. Department of Agriculture
  • MI: Beer distributors to pay Teamsters $41 million
  • Hands-On Demonstration: Getty Heir, SF Mayor Test Winery's Waterless Urinals
  • Canada: Grape surplus likely smaller than expected
  • Wine that comes with its own cheese
  • A Guide to Australian and New Zealand Olive Oils out now
  • Château Gruaud Larose 1870, Wine of exception at the “Tour d’Argent Restaurant” Auction
  • iPhone App Helps Shoppers Share Wine Recommendations for the Holidays
  • Columbia Crest tops Wine Spectator's Top 100
  • Willamette Valley Vineyards Posts a Profit for the Third Quarter 2009
  • Canadian Wine Law Challenged
  • The Great Hong Kong Wine Heist
  • Tasting Room: A place that really drives home its point
  • Lisa and Bill Collins are 'Dead to the Last Drop'
  • November 17, 2009
  • Ag economist says it's too early to say Recession is over
  • Bandit Tetra Paks Fly Delta
  • Onetime Sausalito figure guilty in wine arson
  • Oz: Wine Industry Reports Growth
  • Trinchero Family donates $1M to UC Davis
  • French Wine and Spirit Exports Fell by 30% in the First Quarter of 2009
  • Nod to a Paso Robles Pioneer: Paderewski Festival 2009
  • "Post-recession customer is going to be infinitely more demanding"
  • Austria's answer to Beaujolais Nouveau
  • Reality Television Show The Winemakers Airs Nationally on PBS Affiliates
  • Armenia-Turkey ties no threat to local winemaking
  • Cellarpass: One-Stop, Free Access to Wine Country Experiences
  • UK: Majestic pops its cork as profits rise during the slump
  • Boxed wine provides eco-friendly option for classy drink
  • Hospices de Beaune nudges 2000 record
  • Oldest Wine Auction Raises $7.5 Million on Demand for Burgundy
  • November 16, 2009
  • Paso Robles winery owner faces foreclosures
  • Weyrich could lose prized properties
  • NC: Cumberland winery quietly goes under
  • Famed Coastal Winery in Foreclosure Jeopardy
  • As Trial Opens, Wine Collectors Seek Solace
  • Suspect in wine blaze may avoid trial with plea
  • Yountville pond wrinkled noses with the breeze
  • Napa sanitation looks at options for winery wastewater
  • The 'fine' line between regular and vegetarian wine
  • NZ: Winery tenders not favourable say receivers
  • Cap n' Cork owner sues state over wine laws
  • Time to pop the cork in wine auction world?
  • Zoeller, investors avoid crowded wine market by launching premium vodka brand
  • Marketing reflects changing demand of Napa Valley wine
  • WA: Pinot Noir Producer Launches Willamette Valley Vineyards Wine Center
  • November 12, 2009
  • Alcohol and pregnancy - conflict and confusion
  • Fine wine prices up at London auctions
  • Oz: Growers and vines gutted
  • French wine in freefall in UK
  • Bordeaux is in crisis
  • Constellation: Consumers not in holiday spirit
  • Vinfolio Launches Hong Kong Ecommerce Site
  • Asian fine wine tastes starting to broaden
  • Nematodes Threaten Vineyards
  • Top ag products named by World Ag Expo
  • MI: Get an education in wine at African American Vintners
  • Hong Kong MW calls for "wine center" clarification
  • Too Much Drink Down the Drain
  • Organic wines gaining popularity
  • Winery definition affects all of us
  • Constellation Slows Down Acquisition Pace
  • Using dry ice to blast wine barrels clean
  • Can England make good wine?
  • For bargain wines, this is a very good year
  • Japanese supermarkets to slash Beaujolais Nouveau prices
  • India emerges as fast-growing wine market
  • Bordeaux Okays Cultural Centre
  • November 11, 2009
  • Aussies Partner 2010 Hong Kong International Wine & Spirits Fair
  • Top US scientists to study California irrigation practices
  • Australia's grapes get wrathful
  • Liquor Group Wholesale Makes Acquisition in Iowa
  • The Plonk Gets Better For First Class Passengers
  • Constellation Brands Continues Merger Talks With Australian Vintage
  • Spain No. 1 in Bulk Wine Sales by Volume
  • Voicebox Creative Delivers Innovative Brand Solution for Wine
  • Wine: An upstart grape challenges the reign in Spain
  • Classes in Spanish Aid Vineyards
  • Copia sale imminent?
  • November 10, 2009
  • Consumers expect to cut restaurant spending
  • A Collision of Wine, Politics and Commerce—How You Can Help
  • NY wine industry grows 20% in 6 years
  • Legal Filing Claims BevMo's "Five Cents" Sale Deceives
  • Australians rally to stem flood of NZ Sauvignon
  • Oz: Counselling service deals with grape industry fallout
  • Climate change makes English winemakers see red
  • Dos and Don'ts for Sommeliers
  • Four peak industry bodies make statement to Australian wine industry
  • Napa Valley College readies wine sale
  • Arizona's wine grape learning curve
  • The Secret Success of South Dakota Vineyards

  • ================= CONTACT DATA ====================
    Lewis Perdue
    670 W. Napa St., Suite H, Sonoma, CA 95476
    Phone: 707-326-4503, fax: 707-940-4146
    Email: lewis.perdue@wineindustryinsight.com