Walmart Inc. is going upscale with its wine offerings—all the way up to $10.
The world’s largest retailer is expanding its three-year-old Winemakers Selection range with five new “premium” varieties: an Argentinian malbec, an Italian pinot grigio, a French rose, a California cabernet sauvignon and a New Zealand sauvignon blanc. The new, so-called “Reserve Series” bottles carry a suggested price that’s double the $5 everyday wines it started selling in 2018.
The move is Walmart’s latest stab at capturing more finicky drinkers and getting penny-pinching shoppers to spend a bit more. The retailer, whose wine sales rose by more than 10% last year, has added more high-end alcohol to its shelves recently, including brands like Buffalo Trace whiskey and Veuve Clicquot Champagne. Walmart sells about 100 types of wine in more than 3,900 of its U.S. stores, and online where regulations allow it.