Smart History

Here's Why CVS' Decision To Stop Selling Cigarettes Makes Perfect Business Sense

CVS stopped selling cigarettes on Sep. 2 , almost a month earlier than planned . CVS first announced in February that all stores would be rid of cigarettes by October 1 - a move applauded by the President himself The decision is a clear victory for public health. But it's also a shrewd and potentially very profitable tactic to bolster the public image of the pharmacy chain, which is increasingly positioning itself as a health care provider, not just a one-stop shop for greeting cards and cosmetics. The company has even rebranded itself as CVS Health. The shift is also a sign that CVS is continuing to align itself with the Affordable Care Act and the public health goals of the Obama adminis... [Read more]

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