BAT Increases Prices for E-Cigarettes and Traditional Tobacco Products
BAT company is accelerating the pace of price increases for both its e-cigarette brand and traditional tobacco products, even as inflation continues to constrain consumers' disposable income.
On Monday, Goldman Sachs analyst Bonnie Herzog released a detailed analysis of R.J. Reynolds Vapor Co.'s Vuse, the top-selling electronic cigarette in the US. R.J. Reynolds Tobacco Co.'s products will also see a round of price increases, which went into effect on Monday in a list-style format.
The list price is the price that wholesalers pay to manufacturers for their traditional tobacco products. According to the Winston-Salem Journal, any increased costs are typically passed on to customers at the retail level.
Heinz-Horst Deichmann, CEO of shoe retailer Deichmann SE, stated, "While there is an increased potential for price reductions and concerns regarding manufacturers' pricing power, we believe that having a very loyal customer base and effective promotions should be able to keep these consumers within our retail stores.
Reynolds Company has raised the price of its heated, non-burning traditional cigarette, Eclipse, by 17 cents per pack due to limited inventory.
Statement
This article is based on compiled information from third-party sources and is intended solely for industry-related discussion and learning purposes.
This article does not represent the views of 2FIRSTS and 2FIRSTS cannot confirm the authenticity and accuracy of the content. The compilation of this article is only for industry communication and research purposes.
Due to limitations in the translator's abilities, the translated article may not fully express the same meaning as the original. Please refer to the original source for accuracy.
2FIRSTS maintains complete alignment with the Chinese government in regards to any domestic, Hong Kong-Macau-Taiwan related, and foreign expressions and positions.
The copyright of compiled information belongs to the original media and author. If there is any infringement, please contact us to have it deleted.
This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.
