May 2004
Convenience Store News;5/3/2004, Vol. 40 Issue 6, p38
Trade Publication
The article focuses on financial performance of the convenience store industry in cigarette sales during the year 2003. Factoring a decline in sales volume, minimal manufacturer price increases and significant tax increases, it is clear that some of the $38.6 billion in cigarette sales posted by the industry was inflationary in nature. C-store share of total industry volume is estimated at 62.1 percent in 2003, a slight decline from 62.7 in 2002. Premium brand cigarettes brought in three-quarters of category sales, but this segment is gradually losing share.


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