BevMo, short for Beverages & More, is one of Total Wine & More’s biggest rivals. BevMo was established in California in 1994, and it has since expanded to over 160 outlets throughout three states: Washington, Arizona, and California. Even while BevMo is well-represented in these states, its size and market share still pale in comparison to Total Wine & More’s.
The liquor shop sector also includes Specs, also known as Spec’s Wine, Spirits & Finer Foods. Specs was established in 1962 in Houston, Texas, and has now grown to include over 100 sites throughout the state. Specs is a prominent player in the Texas market even though it is not present in as many states as Total Wine & More.
A number of elements, including their broad assortment of products, aggressive pricing, and experienced staff, have contributed to Total Wine & More’s growth. The business has also been effective in overcoming the difficulties presented by home delivery and internet purchases, both of which have grown in significance during the past few years.
There are already more than 170 BevMo outlets in California, Arizona, and Washington, in response to the relevant queries. 24 states are home to Total Wine & More locations, including California, Arizona, and Washington. Texas, where Specs is headquartered, does not currently have any Total Wine & More shops.
Last but not least, there haven’t been any fresh hints that BevMo is closing down. As a matter of fact, the company has kept growing recently, with new stores debuting in California, Arizona, and Washington. However, BevMo has experienced difficulties as a result of the COVID-19 outbreak, including temporary store closures and lower sales.