Industry Analysis & Industry Trends
Tobacconists sell tobacco products such as cigarettes, cigars, pipes and accessories. The UK Tobacconists industry has been plagued by difficult trading conditions over the past five years, which have negatively influenced industry revenue. Rising public awareness of the health risks of smoking, driven by intense anti-smoking campaigns by the government and activist groups, has caused smoking rates to fall and sales to plummet for tobacco retailers. Legislation banning tobacco advertising from all types of establishments was enforced in April 2015, a move that has only worsened the operating conditions for industry players. Such an environment is expected to further depress industry revenue in the current year... purchase to read more
Industry Report - Industry Analysis Chapter
The Tobacconists industry has dealt with a number of challenging factors over the past five years, which have caused a slow burnout in the industry. A major factor contributing to this is the rising anti-smoking sentiment that is evident throughout much of the Western world. Smoking rates among adults have declined consistently over the past decade, according to figures from the Tobacco Manufacturers’ Association, driven by anti-smoking campaigns and aggressive measures undertaken by health organisations such as the Department of Health.
Government policy aimed at curbing tobacco consumption has weighed heavily on industry performance. Des.. purchase to read more