Commonwealth Journal

Local News

January 12, 2013

Liquor World CEO: ‘We had a tremendous economic impact plan for the city


Somerset —

“We sued the ABC to make them look at some evidence where there were false applications filed (in Corbin),” said Morgan. “It’s not attacking ABC as much as the lack of following procedures. ... All we did was challenge and showed the ABC that the violations were there. It’s almost like a whistleblower penalty.”
Morgan said that the liquor business is a “competitive market” and said that many customers may still go out of town to buy liquor because it will be cheaper than in Somerset.
“(The current licensees) won’t be able to buy merchandise in larger quantities because they have no place to store it all; the stores are too small,” said Morgan. “Ninety percent of the time, Rite-Aid’s sell price is above our everyday price. 
“The people of Pulaski County will pay that price for a while until we buy somebody out to get into Somerset,” he added. “We’ll have to get them after a year (approximately) before they understand they didn’t hit the lottery. They will find (a liquor store owner) doesn’t really pick the lottery unless you’ve major money to invest in inventory.”

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