Why CVS thinks it can win big by ending cigarette sales

February 5, 2014 12:01 PM

33 0

Pharmacy chain CVS said Wednesday it will stop selling tobacco products at its 7,600 locations across the United States, a move that public health advocates hope will become a watershed and pressure other large drug store franchises to follow suit.

CVS executives said the decision could cost billions of dollars in revenue because cigarettes draw so many customers in their stores. But by jettisoning tobacco products, CVS can further evolve their pharmacies into full-fledged health care providers and strike more profitable deals with hospitals a...

Read more

To category page