Retailers raise tobacco margins to up to 12%

tobacco
Retailers are rising their margins on tobacco

Retailers are raising their tobacco margins to up to 12% to help offset rising store costs following the ban on price-marked packs enforced in May. Angela Sykes, of Denmore Premier in Rhyl, told RN she would be unable to cover costs if she stuck to RRP. “We’re down about 20% on cigarette sales, but 4% margin is not enough to help us cover staff overheads. We try to get 8% margin across the board,” she said. “A lot of our sales going down is due to illicit trading in the area, so we need to have higher margins to make

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