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CVS banned tobacco. Now its sales are hurting
money.cnn.com ^ | 8/4/2015 | Matt Egan

Posted on 08/06/2015 10:40:07 AM PDT by rktman

Last September, CVS became the first major pharmacy chain in America to stop selling cigarettes and other tobacco products in its stores. The drug store chain said it was the right thing to do -- even though it would hurt sales.

Now CVS (CVS) is detailing just how much the tobacco ban is impacting the company. While prescription sales continue to rise, general merchandise sales tumbled nearly 8% last quarter on a same-store basis.

CVS blamed the slump on the tobacco ban. The company said front-store sales would have been flat compared with the year before if they didn't make the change.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: gooseegg; toebacky
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To: pfflier

Not trying hijack this thread, but just how many billions of people really need Viagra or Cialis? I mean is there really this sudden explosion of erectile dysfunction? Millions and millions of heterosexual men struggling with intimacy with their wives? Or is this really about homosexuals and people going to raves or some such thing? I simply cannot believe the sheer number of ads for these products is really representative of the scope of any problem.


21 posted on 08/06/2015 10:53:37 AM PDT by Obadiah (Mr. Obama, the time for honoring yourself will soon be at an end.)
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To: grania

I wish we could ban second-hand liberalism.


22 posted on 08/06/2015 10:53:39 AM PDT by AppyPappy
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To: Obadiah

A friend tells me that it is a sex enhancer if you don’t have ED.


23 posted on 08/06/2015 10:54:47 AM PDT by AppyPappy
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To: rktman
I sold that stock short.


24 posted on 08/06/2015 10:55:26 AM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: rktman

I haven’t smoked in 40 years so I could care less. But when they started pushing it in commercials I knew it was going to backfire on them. People will take care of themselves or not. Either way they don’t want nannies make their decisions for them.


25 posted on 08/06/2015 10:55:55 AM PDT by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: rktman

Gooooood.


26 posted on 08/06/2015 10:56:55 AM PDT by dware (Yeah, so? What are we going to do about it?)
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To: rktman

This is why I haven’t gone to a CVS in months:

http://www.huffingtonpost.com/2014/09/04/cvs-gay-ad_n_5765824.html


27 posted on 08/06/2015 10:57:36 AM PDT by Theo (May Christ be exalted above all.)
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To: rktman
Do they sell booze where they can?

AGGRESSIVELY! They bought out the Osco chain and became THE go to place to buy cheap booze in the run down parts of Rockford, IL (Broadway, and Route 251 S of Harrison)
28 posted on 08/06/2015 10:57:39 AM PDT by Dr. Sivana (There is no salvation in politics)
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To: Raycpa

Tobacco sales are low margin and high labor.”

If you buy within the city in our area they are around $80 a carton, if you buy from a store in the County, they are $58.

We quit going to CVS because of Soros connection.


29 posted on 08/06/2015 10:57:54 AM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: rktman

Two of us, and I do not use tobacco products...


30 posted on 08/06/2015 10:57:56 AM PDT by jennings2004 ("What difference, at this point, does it make!"!)
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To: Obadiah
The people that need it really do need it. The decision of CVS not to make it available isn't ethical nor considering their legitimate needs. Try seeing what drugs to reduce enlarged prostste (60% of males over 50) does to you sex life.

The people that don't need it are either getting the prescription from a doctor under fraudulent or unethical conditions or buying it on the black market.

It's very similar to the gun control arguments. Eliminate all guns and the bad guys won't have them...Right??

31 posted on 08/06/2015 10:59:48 AM PDT by pfflier
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To: Raycpa

Agreed. I spent many years in retail and you barely made any money on cigarettes. It was to draw people into the store where they would buy other things.


32 posted on 08/06/2015 10:59:54 AM PDT by Buckeye McFrog
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To: GingisK

Your age is showing, its SVN now..
Get with the times, geezer.


33 posted on 08/06/2015 11:00:32 AM PDT by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: Sans-Culotte

I just switched to CVS because the customer service at Walgreen’s has deteriorated so badly particularly in the pharmacy.


34 posted on 08/06/2015 11:01:20 AM PDT by pfflier
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To: cherry

Ever notice that the anti-tobacco dorks are the same ones who are gung ho for marijuana? You know, UNFILTERED marijuana?


35 posted on 08/06/2015 11:02:07 AM PDT by Lizavetta
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To: rktman
Political correctness carries a cost. CVS was obviously willing to pay it.

Even before they stopped selling cigarettes, I always thought their merchandise was overpriced. It's only a matter of time before Amazon kills them off (along with Walgreens) with their roving delivery trucks that will circle neighborhoods loaded with these kind of sundry everyday items for when people run out of toothpaste, shampoo, or simply have a craving for chocolate bars. Soon you will be able to open your app and have these items delivered to your doorstep within an hour.

36 posted on 08/06/2015 11:03:05 AM PDT by SamAdams76
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To: rktman

Well, ... yes.


37 posted on 08/06/2015 11:04:21 AM PDT by arthurus (it's true!)
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To: rktman
Historically, tobacco stocks have been pretty good, but I have avoided owning them. I just don't feel good about making money by taking advantage of addicts. I have owned McDonalds stock in the past and that's probably just as bad in the view of some folks. I might have trouble investing in casinos, too, but in the nineties I owned some IGT, which was making gambling machines. So, I don't know.

Everybody has to make their own decisions. Everybody has to draw their own lines. I certainly wouldn't invest in an abortion clinic.

38 posted on 08/06/2015 11:04:52 AM PDT by Tau Food (Never give a sword to a man who can't dance.)
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To: Ghost of SVR4; GingisK
Your age is showing, its SVN now..
Get with the times, geezer.

Got GIT?

39 posted on 08/06/2015 11:06:12 AM PDT by zeugma (The best defense against a bad guy with a gun is a good guy with a gun)
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To: rktman

When do they start selling marijuana?...
SMOKING KILLS... Marijuana DOESn’T..

To believe THIS... you MUST be on some kind of DOPE..


40 posted on 08/06/2015 11:07:06 AM PDT by hosepipe (This propaganda has been edited (specifically) to include some fully orbed hyperbole..)
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