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Analyst: Tobacco giant set to introduce Newport competitor
A tobacco industry analyst says
that Philip Morris USA, the country's No. ... Newport, made by Greensboro-based Lorillard Tobacco Co. (NYSE: CG), is the No. ...
A tobacco industry analyst says that Philip Morris USA, the country's No. 1 cigarette maker, is poised to introduce a Marlboro-branded menthol that will compete directly with Newport.
Newport, made by Greensboro-based Lorillard Tobacco Co. (NYSE: CG), is the No. 1 menthol brand in the country and the No. 2 cigarette brand overall. No. 1 is Philip Morris' Marlboro. Bonnie Herzog, a tobacco industry analyst with Citigroup, said in a note to investors that industry sources have told her that Philip Morris plans to introduce "Marlboro Smooth," which aims to compete with Newport.
"Our contacts stated that in a consumer test, 40 percent of Newport smokers indicated they prefer the new Marlboro Smooth and would purchase it if they had the opportunity," Herzog wrote. She added that she anticipates the new brand will be sold at a lower introductory price for the first few months, and "then be aggressively discounted like Marlboro Menthol."
The new brand could hit store shelves by February, she wrote. Philip Morris is a subsidiary of Altria Group (NYSE: MO), which is based in New York City
Top 10 online cigarettes news on Wednesday, February 8, 2012 21:22:39
- As cigarettes become more expensive, they also become more attractive targets for robbery, theft and hijacking, and more states are likely to join New York and New Jersey in their battle with a black market in bootlegged cigarettes.
- extremely clear-cut that when you raise the prices of cigarettes you see a drop in consumption in both youth and adults
- Zeshan Ali, who owns S and S Newsagents in Moss Street, said he fears customers who are refused cigarettes could become aggressive.
- Because snus is not fire-cured like traditional tobacco, and not burned and inhaled like cigarettes, it is being touted as a safer alternative to smoking.
- Price of cigarettes in Gaza has doubled since Hamas hiked taxes, and smokers...
- However, these kids are going to have to hold out on a cigarette until the show is over, because the second they leave, dozens of fans are going to try to wedge themselves into their coveted spot.
- But in Malang, East Java, they can still make money, thanks to the cigarette factories that invite them to work there, rolling cigarettes.
- AP State officials say Iowa-s higher cigarette tax is prompting more people to kick the habit - or at least try. Cigarette sales in Iowa have dipped 30...
- An estimated 14 deaths a day are caused by tobacco use.
- Health officials say that Black and Milds are likely inhaled like a cigarette, as opposed to smoked with minimal inhalation like a cigar.
!!! Annonce !!! Forum Marlboro.