CVS Plans To End Sales Of Tobacco Products By Oct. 1
CVS/Caremark, the country’s largest drugstore chain, announced on Wednesday that it planned to stop selling cigarettes and other tobacco products by October.
The company’s move was yet another sign of its metamorphosis into becoming more of a health care provider than a largely retail business, with its stores offering more miniclinics and health advice to aid customers visiting its pharmacies.
While the company’s decision will cost it an estimated $2 billion in sales from tobacco buyers, that is a mere dent in its overall sales of $123 billion in 2012.
Hooray!
ReplyDeleteLike they don't already make a fortune from the drugs they sell. They are really sacrificing aren't they?
ReplyDeleteno worries. they wont miss the cig sales, its the impulse sales from people getting cigs they will miss more
ReplyDeleteAlways thought it was odd that a drug store sold tobacco products. But then again they sell candy and in some states alcohol.
ReplyDelete3:54
ReplyDeleteIsn't nicotine a drug? I wonder if they will stop selling nicotine patches also.
Indeed you are right. But so is cocaine, crack, heroin, LSD, etc and I don't see them selling that....
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