Posted on 02/05/2014 8:01:34 AM PST by Red in Blue PA
CVS, the countrys second-largest pharmacy chain, plans to stop selling all cigarettes and tobacco products, saying they have no place in a drugstore company that is trying to become more of a health-care provider. The White House released this statement from President Barack Obama on CVSs decision: I applaud this mornings news that CVS Caremark has decided to stop selling cigarettes and other tobacco products in its stores, and begin a national campaign to help millions of Americans quit smoking instead. As one of the largest retailers and pharmacies in America, CVS Caremark sets a powerful example, and todays decision will help advance my Administrations efforts to reduce tobacco-related deaths, cancer, and heart disease, as well as bring down health care costs ultimately saving lives and protecting untold numbers of families from pain and heartbreak for years to come. I congratulate and thank the CEO of CVS Caremark, Larry Merlo, the board of directors, and all who helped make a choice that will have a profoundly positive impact on the health of our country.
(Excerpt) Read more at blogs.wsj.com ...
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.
We get our meds at CVS. Maybe we will switch to Walgreens now.
Yeah, for Indian Reservations....................
What is “MST’?.................
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.
Yeah, and it might help your spelling, as well..............;^)
C stores will be happy to take their business.
I knew it didn’t look right...
I **believe** it stands for moist smokeless tobacco.
Post 93, in the other thread.
Not to worry, CVS is just making room for their medical marijuana displays.
BTW, IIRC, he said during the O’Reilly interview the Superbowl would be close.
Instead they’ll sell “medical” marijuana...
The various levels of government collect more in taxes than the above named combined.
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.
CVS won’t be selling cigs but will soon be selling prescription Mary Jo Juana! Oooh! The travesty of second hand doobie smoke!
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.
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