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A midyear survey of tobacco retailers and wholesales, including contacts representing more than 30,000 convenience stores, shows industry cigarette volume declines held steady during the second quarter of 2014 as the competitive environment eased. Wells Fargo Securities' Tobacco Talk survey shows "the competitive environment moderated slightly in Q2 with 53% of respondents indicating a slightly more competitive environment (down from 63% in Q1), despite dollar stores starting to become a greater threat to c-stores." Overall cigarette sales volume was reported down about 3.5% for the quarter, however. Below are the survey's volume results for each of eight major cigarette brands in convenience stores.
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