Industry Analysis & Industry Trends
Despite the economy's turnaround, small specialty retail stores will have a difficult time surviving. The largely discretionary nature of the products these stores sell will continue to push budget-conscious consumers to shop at external industries, such as discount department stores and online retailers. Also, sales of tobacco, once the industry's key moneymaker, will gradually decline as consumers become more aware of the health risks associated with smoking... purchase to read more
Industry Report - Industry Products Chapter
Tobacco products and smokers' accessories
Tobacco products and smokers' accessories represent the largest product segment, accounting for an estimated 36.3% of total industry revenue in 2013. These products include cigars, cigarettes, chewing tobacco and snuff, as well as accessories such as lighters, pipes, rolling papers and grinders. Social and governmental efforts, including national anti-smoking campaigns and state excise taxes, have contributed to a reduction in the number of smokers in the five years to 2013. According to data released by the Centers for Disease Control and Prevention, the percentage of adult smokers in the United States decreased from 20.9% in 2005 to 19.3% in 2010, and the percentage is expected to fall to 17.0% by 2020... purchase to read more