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2017 Annual Report • Liquor Operations • St. Anthony Village, Minnesota <br /> <br /> <br />14 | Page <br /> <br />VII. Summary and Looking Ahead <br />LEGISLATIVE ISSUE <br /> Strong Beer in Grocery Stores <br />FACILITIES ASSESSMENT <br /> Assess the infrastructure of the buildings and the <br />need for repairs or replacement items <br /> Assess maintenance needs <br /> <br /> <br />2017 IN REVIEW <br />2017 sales and profits declined but we continue to be profitable in this continually changing <br />market. Liquor stores located in the metro area have experienced a drop in sales and profits due <br />to the addition of large discount stores and grocery stores <br />with liquor stores attached. Our suppliers are experiencing <br />the changing market dynamics also. Distributors are now <br />committed to pricing their products and discounting <br />volume purchases that will assist us with increasing our <br />gross profit margins. Consumers will notice lower price <br />points and an increase of selection as suppliers and <br />distributors work with us to maintain their market share. <br />We are committed to our Mission and Vision Statements <br />and believe they will guide us to improve our operation. Our staff is committed to maintaining <br />a unique retail environment as well as researching opportunities to market our stores to drive <br />long term customer loyalty. We will continue to work hard to gain back the “customers through <br />the doors” by providing excellent customer service, product selection, competitive pricing while <br />providing safe, bright and clean stores. <br />Thank you for your support in 2017 and beyond! We look forward to serving our customers and <br />residents where 100% of our profit enriches the community! Please contact me if we can assist <br />you with anything that would provide a better shopping experience for you, your friends and <br />neighbors. I can be contacted at mike.larson@savmn.com or call me at (612) 782-3455. <br />