Opening Bell
Statshot: Washington wineries, restaurants pack economic punch
By Seattle Business Magazine May 14, 2023
This article originally appeared in the May/June 2023 issue of Seattle magazine.
It’s probably the last thing on your mind when dining at your favorite restaurant or enjoying a Pinot at your go-to winery, but you’re providing a big boost to Washington’s economy.
- 2: National rank as wine producer in U.S.
- 80: Varieties produced
- 90: Percent of wineries making fewer than 5,000 cases per year
- 400: Wine grape growers
- 1,050: Licensed wineries
- 60,000: Wine grape acreage
- 240K: Tons of grapes harvested in 2022
- 17M: Cases of wine produced annually
- $8B: Annual economic impact
- 290,400: Eating and drinking jobs
- 16,576: Eating and drinking locations
- $19.5B: Eating and drinking sales
- 9%: Percentage of total employment in state
Sources: Washington state Wine Commission; National Restaurant Association
BIG NUMBER
68.1 MILLION
The number of household memberships, at $60 annually, Issaquah-based Costco had at the end of its fiscal 2023 second quarter. Rumors persist that the company will soon raise membership fees.
Source: SEC
QUOTE
“Rack stores continue to be our largest source of new customer acquisition, accounting for more than 40% of newly acquired customers in 2022.”
– Erik Nordstrom, CEO, Nordstrom, discussing why the company is investing in its off-price Nordstrom Rack stores.