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Thursday, March 30, 2017

Tobacco display ban hits sales at Budgens and Londis owner

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Booker, which is the target of a £3.7bn takeover by Tesco, reports sharp fall after ban on displaying cigarette packets

Booker, thewholesaler behind convenience store brands including Budgens and Londis which is the target of a £3.7bn takeover by Tesco, has suffered a sharp fall in tobacco sales following the ban on displaying cigarette packets in shops.

Booker, which supplies 125,000 UK convenience stores, said tobacco sales dropped by 7.5% on a like-for-like basis in the three months to 24 March, while non-tobacco sales were up by 4.7%. Overall, like-for-like sales rose by 0.7%.

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March 30, 2017 at 12:58PM

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from Julia Kollewe

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