Jilian's Feed
Aug 24, 2014

Dollar stores in battle to double down on the poor

By Jilian Mincer and Lisa Baertlein

(Reuters) – Like millions of Americans, Darnel Ware needs to save money, even if it’s 40 cents on a bag of flour.

He searches for those savings during his daily visits to the Family Dollar Store near his home in Fraser, Michigan, sometimes stopping by as many as 10 times a week “if there are things I need,” said the 51-year-old home care provider. “I buy a lot of everything; merchandise and food products.”

Aug 24, 2014

Analysis – Dollar stores in battle to double down on the poor

By Jilian Mincer and Lisa Baertlein

(Reuters) – Like millions of Americans, Darnel Ware needs to save money, even if it’s 40 cents on a bag of flour.

He searches for those savings during his daily visits to the Family Dollar Store near his home in Fraser, Michigan, sometimes stopping by as many as 10 times a week “if there are things I need,” said the 51-year-old home care provider. “I buy a lot of everything; merchandise and food products.”

Aug 1, 2014

Trendy vapor tanks muscling into e-cigarette sales

Aug 1 (Reuters) – The electronic cigarette, touted as a way
to cut smoking, is facing a serious contender that even smokers
find sexy.

Vapor tanks are typically hunkier and allow smokers and
would-be quitters to customize nicotine levels, as well as to
puff thousands of blissful flavors. A cult following is likely
to grow as “vaping” becomes more fashionable and more stores,
such as Walmart, carry the battery-powered metal tubes in a wide
range of colors.

Jul 30, 2014

Lorillard e-cigarette sales slip as competition rises

By Jilian Mincer

(Reuters) – Lorillard Inc. on Wednesday reported significant declines in its electronic cigarettes sales, raising questions about the strength of the nascent market.

The 3rd largest U.S. tobacco company owns industry leader blu eCig, which once had 47 percent of the U.S. market share. Sales of its electronic devices dropped 35 percent to $37 million for the second quarter ended June 30, 2014 compared to $57 million for the same period last year. Its retail share fell 1.1 percentage point to 40.9 percent.

Jul 15, 2014

Blu e-cigarette deal was crucial to Lorillard takeover: source

NEW YORK/LONDON (Reuters) – Reynolds American Inc (RAI.N: Quote, Profile, Research, Stock Buzz) had no choice but to sell Lorillard Inc’s (LO.N: Quote, Profile, Research, Stock Buzz) top-selling blu electronic cigarettes brand after Britain’s Imperial Tobacco Group Plc (IMT.L: Quote, Profile, Research, Stock Buzz) insisted it be part of a wider portfolio of assets it is buying, a source familiar with the transaction said.

The U.S. companies said on Tuesday that they were selling blu and a group of traditional cigarette brands to Imperial to ease antitrust concerns about Reynolds’ proposed $27.4 billion acquisition of Lorillard.

May 30, 2014

cigarettes could sweeten potential Reynolds-Lorillard deal

NEW YORK (Reuters) – When Lorillard Inc bought the blu eCigs brand two years ago, the electronic cigarette had a 10 percent share of a tiny U.S. market, generating about $50 million in sales. It was available in only 12,000 retail outlets and over the Internet.

Today, the U.S. tobacco company’s marketing and distribution muscle, including its use of frequent TV commercials and concert sponsorships, has taken blu into 149,000 outlets and driven its U.S. market share to about 47 percent. Annual sales have quadrupled to more than $200 million.

May 25, 2014

Quality issues push e-cigarette production to U.S. from China

By Jilian Mincer

(Reuters) – Some of the leading U.S. producers of electronic cigarettes are moving their manufacturing to the United States from China in response to growing concern about quality and the prospect of tighter federal regulations.

In recent weeks, some of the best-selling U.S. e-cigarette companies, including closely held Mistic and White Cloud, announced that they would move production to new, highly automated U.S. factories that would enable them to track ingredients and quality more closely. As a fringe benefit, they even expect costs to be lower than in China, the country that invented the battery-powered cartridges that produce a nicotine-laced inhalable vapor.

Jan 1, 2013

Clinton suffers clot behind right ear, full recovery seen

WASHINGTON/NEW YORK (Reuters) – U.S. Secretary of State Hillary Clinton suffered a blood clot in a vein between her brain and skull behind her right ear but is expected to make a full recovery, her doctors said on Monday in a statement released by the State Department.

Clinton did not suffer a stroke or neurological damage as a result of the clot, the doctors said, adding that “she is in good spirits, engaging with her doctors, her family and her staff.”

Dec 15, 2012

Connecticut school could not have prevented shooting, experts say

By Jilian Mincer

(Reuters) – U.S. school districts have spent millions of dollars on metal detectors, security cameras and elaborate emergency-response plans since the 1999 massacre at Columbine High School, but almost nothing could have prevented Friday’s massacre at a Connecticut elementary school, security experts say.

A 20-year-old, heavily armed gunman opened fire Friday morning at Sandy Hook Elementary School in Newtown, Connecticut, killing 20 children and six adults before taking his own life, police said.

Nov 15, 2012

“Gangnam Style” song channels New Yorkers’ power woes

NEW YORK (Reuters) – Move over Psy. The next hot thing – at least on Long Island, New York – is a music video parodying the South Korean rapper and dancer’s blockbuster hit, “Gangnam Style.”

While the locally produced “LIPA Style” may not attract millions of YouTube views, it’s channeling the frustration of thousands of disgruntled New Yorkers, many of whom went weeks without power after Sandy slammed the East Coast last month.