Champagne sales are nothing to toast to this year. Makers of the bubbly are reeling from the sour economy and feelings its effects. Makers of both inexpensive sparking wines and expensive bottles are feeling the pinch following 2007's strong 4 percent gains, the biggest since the buying frenzy in 1999 to ring in the new millennium.
Nearly 21 million bottles were shipped to the United States from the region of France known as Champagne in 2007. Through August, sales were down 17 percent over the corresponding period last year, according to Sam Heitner, director of the Office of Champagne U.S.A., a trade organization, and that doesn't include the last three months of the year, when much of the Champagne is sold.