“Now is the time to transition leadership to people of an age to guide the company through its next phase of growth,” says Altria CEO. Altria has announced that Chairman and CEO Michael Szymanczyk, 63, has decided to retire after 23 years of distinguished service to the company, including four years as chairman and CEO…
Maintaining Strong Smokeless Sales
The slew of new regulations governing the sale of tobacco products has convenience store operators scratching their heads and wondering where the next assault will come from and what to do about it. For example:• The federal Prevent All Cigarette Trafficking Act (PACT Act) went into effect on June 29, 2010. Its goal is to…
Smokeless Sales Stay Strong
TOP PERFORMERS Copenhagen (Altria Sales & Distribution/US Smokeless) Grizzley (Conwood/Reynolds America) Skoal (Altria Sales & Distribution/ US Smokel) HONORABLE MENTIONS Longhorn, Red Man and Timber Wolf (Swedish Match) Kodiak (Conwood/Reynolds America) The effect of tobacco taxation and smoking restrictions has made it much more difficult to rely on cigarette sales as the primary category for…
New Flavors, Demand Drives OTP
Despite the SCHIP bill and mounting state taxes, smokeless tobacco products have experienced a strong year packed with innovation, new flavors and increased consumer demand. According to the NACS 2009 State of the Industry report, smokeless tobacco sales surged 6.1% to $2.96 billion last year. The average c-store totaled $1,703 per month in smokeless sales…