CVS will stop selling all tobacco products at all its stores.
“Put simply, the sale of tobacco products is inconsistent with our purpose.” --Larry J. Merlo, CVS president and CEO.
CVS Caremark, the nation’s second-largest drugstore chain, plans to stop selling cigarettes and other tobacco products at its more than 7,600 retail stores by Oct. 1, a landmark decision that would make it the first national pharmacy company to cease tobacco sales.
The move, which the company announced Wednesday, comes after years of pressure from public health advocates and medical providers, who have urged retailers to make tobacco products and advertising less available, particularly to children and teenagers.
It also marks a major turn for one of the country’s biggest healthcare companies, which said it is giving up about $2 billion in annual sales, or about 1.6% of the company’s 2012 revenues.
(link below)
http://www.chicagotribune.com/business/la-na-nn-cvs-caremark-cigarettes-tobacco-20140205,0,991096.story
Wednesday, February 5, 2014
CVS LOCATIONS WILL NO LINGER PROVIDE TOBACCO PRODUCTS
CVS will stop selling all tobacco products at all its stores.
“Put simply, the sale of tobacco products is inconsistent with our purpose.” --Larry J. Merlo, CVS president and CEO.
CVS Caremark, the nation’s second-largest drugstore chain, plans to stop selling cigarettes and other tobacco products at its more than 7,600 retail stores by Oct. 1, a landmark decision that would make it the first national pharmacy company to cease tobacco sales.
The move, which the company announced Wednesday, comes after years of pressure from public health advocates and medical providers, who have urged retailers to make tobacco products and advertising less available, particularly to children and teenagers.
It also marks a major turn for one of the country’s biggest healthcare companies, which said it is giving up about $2 billion in annual sales, or about 1.6% of the company’s 2012 revenues.
(link below)
http://www.chicagotribune.com/business/la-na-nn-cvs-caremark-cigarettes-tobacco-20140205,0,991096.story
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