Another Recession Casualty: Cuban Cigars
Cuban cigars — that quintessential emblem of high living, celebration and excess — have not weathered the downturn well, according to The Associated Press.
Cuban cigar sales fell 8 percent in 2009. The article attributes the decline primarily to a dwindling demand in Spain (the biggest market for Cuban cigars) and less international travel (and therefore, fewer sales at duty-free shops at airports).
It also probably doesn’t help that people cut back on smoking in general during recessions.
Faced with such challenges, Cuba’s state-run tobacco company is turning its sights to an untapped market: women.
Monday, February 22, 2010
Source: The New York Times