Author Topic: CVS to become first major U.S. drugstore to drop cigarettes  (Read 422 times)

blacken700

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CVS to become first major U.S. drugstore to drop cigarettes
« on: February 05, 2014, 11:00:22 AM »
Source: Reuters

(Reuters) - CVS Caremark Corp said on Wednesday that it would stop selling tobacco products at its 7,600 stores by October, becoming the first U.S. drugstore chain to take cigarettes off the shelf. Public health experts called the decision by the No. 2 U.S. drugstore chain a precedent-setting step that could pressure other stores to follow suit.

CVS, whose Caremark unit is a major pharmacy benefits manager for corporations and the government Medicare program, believes the decision will strengthen its position as a healthcare provider. "I think it will put pressure on other retailers who want to be in healthcare," said CVS Caremark Chief Medical Officer Dr. Troyen Brennan.

Although some U.S. cities, including Boston and San Francisco, already ban the sale of tobacco products in pharmacies, advocates hope CVS' voluntary decision will have a ripple effect among other pharmacy chains. Some retailers stopped selling cigarettes years ago: Target Corp decided to drop them in 1996, while East Coast supermarket chain Wegmans Food Markets did so in 2008.

Matthew Myers, president of the Campaign for Tobacco-Free Kids, which advocates for tobacco control, said that CVS's announcement could drive momentum for declining tobacco use. Dr. Risa Lavizzo-Mourey, chief executive officer of the Robert Wood Johnson Foundation, which focuses on public health, called CVS' decision "a bold, precedent-setting move because it acknowledges that pharmacies have become healthcare settings."

Read more: http://www.reuters.com/article/2014/02/05/us-cvscaremark-cigarettes-idUSBREA140RP20140205

headhuntersix

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Re: CVS to become first major U.S. drugstore to drop cigarettes
« Reply #1 on: February 05, 2014, 12:00:59 PM »
2 Billion dollar hit....wow. You gotta sling a lot of aspirin and mascara to make that up.
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tonymctones

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Re: CVS to become first major U.S. drugstore to drop cigarettes
« Reply #2 on: February 05, 2014, 05:17:08 PM »
walgreens which is generally right next to CVS will be jumping for joy on this

24KT

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Re: CVS to become first major U.S. drugstore to drop cigarettes
« Reply #3 on: February 05, 2014, 07:41:32 PM »
National drug store chains in Canada did this back in the 80's... yawn
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AbrahamG

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Re: CVS to become first major U.S. drugstore to drop cigarettes
« Reply #4 on: February 06, 2014, 06:19:59 AM »
Once again, the US is late to the dance.  Thanks to Regan and the subsequent generations of GOP nutbaggery, ignorance has become a virtue.  Richard M. Nixon would be a liberal today.

tu_holmes

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Re: CVS to become first major U.S. drugstore to drop cigarettes
« Reply #5 on: February 06, 2014, 11:08:53 AM »
walgreens which is generally right next to CVS will be jumping for joy on this

You ain't lying.

Terrible for business. Completely retarded.

headhuntersix

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Re: CVS to become first major U.S. drugstore to drop cigarettes
« Reply #6 on: February 06, 2014, 11:12:41 AM »
Once again, the US is late to the dance.  Thanks to Regan and the subsequent generations of GOP nutbaggery, ignorance has become a virtue.  Richard M. Nixon would be a liberal today.

What....
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