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Eye On Boise

Tue., Feb. 10, 2009, 9:02 a.m.

‘A recession-proof business’

Idaho State Liquor Dispensary Superintendent Dyke Nally tells lawmakers that liquor sales in Idaho are up, though consumption remains low. It appears to be a
Idaho State Liquor Dispensary Superintendent Dyke Nally tells lawmakers that liquor sales in Idaho are up, though consumption remains low. It appears to be a "recession-proof business," he said. (Betsy Russell / The Spokesman-Review)

Liquor sales in Idaho are actually up 4.7 percent over last year, state Liquor Dispensary Superintendent Dyke Nally told lawmakers this morning. That puts it at a record $135.4 million in sales, up from $130.8 million last year, $78 million in 2003 and $58.1 million in 1998. Nally termed the newest sales figures "really quite remarkable" given the "tough economic times." But he also said sales have been tracked through the last five recessions, and each time, "liquor sales have held," often going up between 4 and 6 percent. "So it's kind of a recession-proof business, or at least recession-resistant," he said. The dispensary also is reporting record profits and record distributions to the state general fund, cities and counties and specific state programs.

Nally added, "It's not that people are drinking more - Idaho remains 37th in the nation in terms of consumption, low. It's population increase and people are purchasing better quality products, people are purchasing higher-end and more expensive products." Also, he said, "We're staffed leanly, and selling a lot of product." The dispensary is proposing two new stores next year, in Post Falls and Meridian. They've opened nine new stores in the past three years, Nally said; each one was in the black usually within six months, and always within the first year.




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Eye On Boise

News, happenings and more from the Idaho Legislature and the state capital.