CVS announced that they will be kicking the habit of selling tobacco products at its more than 7,600 drugstores nationwide as it focuses more on providing health care.
The nation’s second largest drugstore chain said today that it will phase out cigarettes, cigars and chewing tobacco by Oct. 1, 2014. By doing this they will lose about $2 billion in revenue annually. But they are doing it for a good cause. According to CBS and Perez Hilton, the CVS President says, “It was very important to us that, as we’re working with doctors and hospital systems and health plans, that they see us as an extension of their services. It’s virtually impossible to be in the tobacco business when you want to be a health care partner to the health care system.”
Great move! What do you think?