FTC Report Shows Declines In Cigarette Sales, Promotion
By Darrell A. Hughes, Of DOW JONES NEWSWIRES
WASHINGTON -(Dow Jones)- A Federal Trade Commission report released Wednesday
shows relatively slender declines in cigarette sales, advertising and promotion.
However, a separate FTC report shows that spending on smokeless tobacco, also
referred to as chewing tobacco, advertising and promotion rose from $250.79
million in 2005 to $354.12 million in 2006.
The FTC examines activity between 2005 and 2006. The amount spent on cigarette
advertising by the five largest cigarette companies in the U.S. declined from $
13.11 billion in 2005 to $12.49 billion in 2006, the report said.
While spending on price discounts fell from $9.78 billion in 2005 to $9.21
billion in 2006, it still accounted for roughly 74% of all marketing
expenditures.
The report goes on to site declines in the number of cigarettes sold by
manufacturers to wholesalers and retailers, along with declines in the total
number of sold and given away.
-By Darrell A. Hughes, Dow Jones Newswires; 202-862-6684; darrell.hughes@
dowjones.com
(END) Dow Jones Newswires
08-12-091309ET
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