CVS Corporation Will Forego $2 Billion and Quit Selling Cigarettes: The True Cost of Smoking

CVS no tobacco cigarettes
CVS Caremark Corporation has made the decision to quit selling cigarettes and other tobacco related products beginning October 1, 2014. This will cost the company an estimated $1.5 billion in lost cigarette sales, and another $500 million in lost sales of tobacco related products. While this is a large amount of money to willingly give up, CVS is doing so in order to better position itself as a health-oriented store. The company felt that cigarettes were inconsistent with the image that they were trying to portray. They will be the first national pharmacy chain to stop selling tobacco and tobacco related products.

In conjunction with the phasing out of tobacco products, CVS also announced th


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