Zachys, the wine retailer that has been in Scarsdale, New York, for nearly 75 years, will open a new location in Washington, D.C., that will serve as a store, an event space and a temperature-controlled warehouse where collectors can store their fine wines.
The 20,000-square-foot facility is set to open September 21-22 in the gentrifying Northeast District even as some major wine brands report slowing sales.
“We see D.C. as a growing market and an exciting place for us to expand and grow our name,” Jeff Zacharia, Zachys president, told Wine Enthusiast. “It’s a wine-friendly town, with restaurants opening up and there’s a lot of people interested in wine. They seem like our kind of clients.”
Wine Auctions To Be Part Of The Experience
Zachys will begin holding wine auctions in the nation’s capital. In fact, “the first one to be held down there in modern times,” Zacharia said, will be a single-owner sale of 2,000 lots on October 27-28.
“We’re sort of a little on the outskirts of town. It’s not meant as a typical retail shop,” Zacharia said.
Andrew McMurray, Zachys managing consultant said the shop will be a platform where producers can “show some of the finest wines in the world to a market that is so, so hungry for fine wine.”
The facility is designed so that consumers can have a variety of experiences including walk-around tastings or, by making an appointment, for a one-on-one tastings with the store’s experts.
Wine Sales Slip
Last month, Constellation Brands reported its fiscal 2018 first-quarter earnings, noting that wine sales were down 4 percent. The company forecasts wine and spirits sales for the year to decrease 4 percent to 6 percent and operating income to be flat.