Obama: CVS Decision to Stop Selling Cigarettes Will Have ‘Profoundly Positive Impact’

WSJ ^

[Boogieman]

Bingo, they are doing nothing but throwing away business. Also, cigarettes, like milk, are a draw item, getting people in the door who might buy other stuff once they are there.

[SoFloFreeper]

We get our meds at CVS. Maybe we will switch to Walgreens now.

[Red Badger]

Obama: CVS Decision to Stop Selling Cigarettes Will Have ‘Profoundly Positive Impact’

Yeah, for Indian Reservations....................

[Red Badger]

What is “MST’?.................

[tanknetter]

A nurse practioner in every store. Taking paying walk-ins for colds, sore throats, ear infections, pink eye, etc. Then writing prescriptions that can be convieniently filled right there, on site. Maybe even getting kickbacks, er, incentives, for referring tougher cases to designated outside providers.

Again, great business move on their part.

[Red Badger]

I have a hangnail...I believe Marijuana will eleveate the pain.

Yeah, and it might help your spelling, as well..............;^)

[Red in Blue PA]

Again, great business move on their part.

Obama is that you?

Just because you repeat it does not make it so. The stock is down on this news.....and a greater percentage than the overall market.

[showme_the_Glory]

C stores will be happy to take their business.

[Sacajaweau]

I knew it didn’t look right...

[Red in Blue PA]

I **believe** it stands for moist smokeless tobacco.

[tanknetter]

Post 93, in the other thread.

[DJ Taylor]

Not to worry, CVS is just making room for their medical marijuana displays.

[PghBaldy]

BTW, IIRC, he said during the O’Reilly interview the Superbowl would be close.

[right way right]

Every thing obama says is false, just like his father.

[Red in Blue PA]

Performance of CVS versus DJIA since the decision came out this morning:

[DouglasKC]

Instead they’ll sell “medical” marijuana...

[Gabz]

And what portion of that margin is claimed by the retailer (as opposed to the manufacturer, distributor, wholesaler, etc?)

The various levels of government collect more in taxes than the above named combined.

[Raycpa]

I never understood why pharmacies sold cigarettes. Besides the obvious health conflict cigarettes are very low margin and high theft items. The space and investment could have better return in other products. I think its mostly being done because of tradition and not profit.

[Road Warrior ‘04]

CVS won’t be selling cigs but will soon be selling prescription Mary Jo Juana! Oooh! The travesty of second hand doobie smoke!

[nascarnation]

My research says cigs are 13% profit margin for stores. So not trivial by any means. And 40% of convenience store (not pharmacy) gross sales are tobacco.