The smokeless tobacco category provided another solid year for U.S. convenience stores in 2012, and all signs indicate that this year should remain just as strong, according to a story in Convenience Store Decisions (CSD).
According to the market research company SymphonyIRI, smokeless sales in U.S. convenience stores during the year 2012 totaled $4.82 billion, up 5.61 percent on sales during 2011.
Volume sales rose by 3.39 percent to 1.22 billion units.
The CSD story said that while smokeless tobacco should remain a solid category for the foreseeable future, additional government regulations and increased taxation could be introduced this year.
But, for the time being, smokeless is on the rise. “For 2013, I expect the smokeless tobacco category to continue to grow in the mid-single digits,” said Bonnie Herzog, managing director at Wells Fargo Securities.
Category: Breaking News