A huge blow to Big Tobacco today as one of the nation’s top drugstore chains announced its plans to stop selling cigarettes. The plans for CVS to drop tobacco products came back in February, but a recent push to execute the product elimination came as this week as the October 1st deadline nears.
CVS Caremark is making big moves to eliminate tobacco products from store shelves this week. With 7,700 retail locations nationwide, CVS is the second-largest drugstore chain in the USA. Claiming that tobacco products conflict with their health care mission to provide customers with pharmaceutical and health related products, the retail giant is hoping to send a bigger message that health care companies shouldn’t be in the business of selling tobacco.
The president of Campaign for Tobacco-Free Kids, Matthew Myers, said of CVS’ decision, “this is truly an example of a corporation leading and setting a new standard.” Despite the fact that CVS tobacco sales top about $2 billion a year, CVS executive Larry Merlo says “The contradiction of selling tobacco was becoming a growing obstacle to playing a bigger role in health care delivery.” CVS will further its mission by offering quit-smoking programs to consumers.
Read more at: http://www.usatoday.com/story/news/nation/2014/09/03/cvs-steps-selling-tobacco-changes-name/14967821/