Tobacco Companies Bump Prices

Master, Melisa
January 2005
Convenience Store News;1/10/2005, Vol. 41 Issue 1, p12
Trade Publication
This article reports that retailers will be paying more for cigarettes from Philip Morris and R.J. Reynolds in the new year, due to a combination of increased list prices and reduced discounts. Philip Morris USA, a unit of Altria Group Inc., reduced its" off-invoice" discounts to$ 5.50 a carton from $6.50, effectively raising prices by 10 cents per pack on Marlboro, Virginia Slims, Basic and Parliament cigarettes. R.J. Reynolds Tobacco, a subsidiary of Reynolds American Inc., increased list prices on brands such as unfiltered Camels, Barclay, Lucky Strike and Carlton by$ 3 per thousand, or about 6 cents per pack. The company also raised prices by$ 5 per thousand, or 10 cents per pack, for its Monarch, Best Value and GPC brands. R.J. Reynolds said its actions are a result of higher costs due to the recent federal enactment of tobacco buyout legislation and increased obligations under its Master Settlement Agreement with the states.


Related Articles

  • Keeping Watch on the 'Others'. Covino, RenĂ©e M. // Convenience Store News;11/11/2013, p3 

    The article focuses updates in the tobacco sector in the U.S. It highlights the initiative of several tobacco companies to boost their smokeless alternatives in an effort to reduce harm associated in smoking. It also mentions the effort of the Altria Group Inc. to expand the distribution of its...

  • From Manufacturing to Retail, Tobacco Adapts and Changes. Bour, Norm // Tobacco International;Sep2014, Vol. 14 Issue 6, p30 

    The article describes how U.S. tobacco manufacturers like R.J. Reynolds, Lorillard and Altria are responding to the emergence of electronic cigarettes (e-cigs) and e-liquids and vaping or inhaling e-cigs' vapor. It cites major producers' establishment of noncombustible market share and...

  • Fitch Lowers $18B in Tobacco Debt Again. Finestone, Deborah // Bond Buyer;5/7/2003, Vol. 344 Issue 31630, p1 

    Fitch Ratings Inc. on May 7 2003, downgraded for the second time in a month all of its outstanding tobacco settlement securitization ratings, following its simultaneous two-notch downgrade of tobacco industry corporate ratings to BBB-minus. All ratings are removed from Rating Watch Negative...

  • SMOKERS GO FROM OUTCASTS TO IN CROWD. Thomaselli, Rich // Advertising Age;1/23/2006, Vol. 77 Issue 4, p3 

    This article reports on the Marshall McGearty cigarette line to be introduced by R. J. Reynolds complete with a smoking lounge in Chicago, Illinois. Matt Myers, president of Campaign for Tobacco-Free Kids, criticized the marketing technique of the company. The impact of the smoking lounge on the...

  • Noveau Smoking. Spethmann, Betsy // Promo;Mar2006, Vol. 19 Issue 4, p21 

    The article reports on the Marshall McGearty Lounge, which has opened in Chicago, Illinois, in December 2005 in order to serve as the launching pad for R.J. Reynolds Tobacco Co.'s luxury brands of hand-made cigarettes. Marshall McGearty Tobacco Artisans is only available at the lounge for $8 a...

  • Against Old Joe: It's the final straw. Whelan, Elizabeth M. // Advertising Age;1/27/1992, Vol. 63 Issue 4, p22 

    The article comments on two events which triggered the beginning of the end for cigarette advertising in the United States. First is the unprecedented success of R.J. Reynolds Tobacco Co.'s "Old Joe" Camel advertisement. The second is the anticipated U.S. Supreme Court ruling against tobacco...

  • RJR, Philip Morris Dip Into Smokeless Tobacco Realm. Beirne, Mike // Brandweek;5/8/2006, Vol. 47 Issue 19, p18 

    The article focuses on the advertising strategies for the smokeless tobacco pouches launched by R. J. Reynolds and Altria companies for their brands Camel Snus and Philip Morris USA respectively. The printing out paper for Taboka from Altria was designed by Leo Burnett and will state "Instead of...

  • Joe Camel is no Tony Tiger to kids. Teinowitz, Ira // Advertising Age;2/21/1994, Vol. 65 Issue 8, p36 

    The article reports on the results of a survey about the effect of R.J. Reynolds Tobacco Co.'s Joe Camel cigarettes symbol on the attitudes of young people ages 10 to 17 toward smoking. Seventy-three percent recognized the Joe character. Only 81 percent of respondents who identified Joe as an...

  • Smoke break. Ferguson, Andrew // Liberty (08941408);Dec2009, Vol. 23 Issue 11, p13 

    The author criticizes the flaws in the U.S. legislation to ban cigarettes with fruit, candy, or clove flavors. He suggests that the exclusion of menthol cigarettes in the ban favors giant tobacco companies R.J. Reynolds and Philip Morris who lose nothing by supporting the bill because neither of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics