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This, along with its recession-resistant products, allows it to gush cash throughout the economic cycle

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Now, more than ever, it is important for retailers to offer their customers a range of credible value options across the store, as the current cost of living crisis continues to put pressure on households and forces consumers to make difficult decisions on what they can afford to purchase. To make even more of the cigar opportunity in 2023, Williams also urges retailers to stock the right range rather than a big range, as the top 10 brands account for over 90% of sales, he says