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And individuals with lower incomes and lower education levels, regardless of their smoking status, were also more likely to report receiving cigarette coupons

These modern nicotine sales are making up 50% of our loss in sales from the decline in cigarettes. The retailer, a subsidiary of Tokyo-based Seven & i Holdings Co., said it is also looking to cut costs and to become more efficient as it targets a 90-basis-point reduction in operating, selling, general and administrative costs as a percentage of sales this year

Burn a little quick

We believe BATs price increase is not necessarily a surprise given mounting headwinds related to potential cig state/federal excise tax increases and cig consumer downtrading, she said