Trading situation: wine stores note it, we hear (7,6)
I believe the answer is:
sellers market
'trading situation' is the definition.
The definition suggests a singular noun which matches the answer.
'wine stores note it we hear' is the wordplay.
I cannot really understand how this works, but
'wine' could be 'm' (I have seen 'French wine ' mean 'm' so perhaps 'wine' could also mean 'm') and 'm' is located in the answer.
'note' could be 'e' (musical note) and 'e' is present in the answer.
'it' could be 'sa' (SA can mean sex appeal, as in 'it') and 'sa' is located in the remaining letters.
This explanation may well be incorrect...
Can you help me to learn more?
(Another definition for sellers market that I've seen is " Bad time to buy".)