The Power of Cigarette Pricing

Price increase: something few retailers want to hear when it comes to cigarettes, especially with Obama proposing a 94-cents-per-pack increase to the Federal Excise Tax (FET) in his most recent budget. Bonnie Herzog sees modest price increases differently. “Pricing power has been critical and key to this industry,” she said during her Tobacco Trends &…

Top 10 Craft Beer States

Top 10 Craft Beer States Craft beers are a booming business in the United States. Here is USA Today’s list of the top-10 states for craft beers. California: A state known for its wine making is also the top state for craft beers, boasting 268 craft breweries and counting Washington: With 136 craft breweries, the…

Convenience Stores Focus on Food

The Gazette (Cedar Rapids, Iowa) provided a detailed feature on the convenience store industry’s burgeoning foodservice programs. Citing NACS figures that show foodservice sales comprised 16.9% of $195 billion of in-store sales at convenience stores in 2011, The Gazette said, “Don’t think of them as gas stations. Instead, think of them as the place for…

IRI, Boston Consulting Identify CPG Top Performers

Lorillard, Hershey, Anheuser-Busch InBev, Green Mountain Coffee Roasters, Chobani, Starbucks, TalkingRain, Idahoan, and Handi-foil are the top-performing companies in the U.S. consumer-packaged-goods (CPG) industry, according to a new study by The Boston Consulting Group (BCG) and Information Resources Inc. (IRI). This is the first study to compare both public and private CPG companies using a…

Beer Brands Experience Q1 Tailspin

Two of the country’s biggest beer brands are registering significant dips in sales that some are attributing to bad weather, among other factors. Advertising Age reports that marketers for MillerCoors, Heineken USA, and Anheuser-Busch InBev are also saying payroll taxes, higher gasoline prices, and rising interest in craft beer are contributing to the decline. The…