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topekaforumeers.org • View topic - CVS to stop selling tobacco & cigarettes by Oct. 1

CVS to stop selling tobacco & cigarettes by Oct. 1

CVS to stop selling tobacco & cigarettes by Oct. 1

Postby CommonSense » Wed Feb 05, 2014 5:06 pm

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Re: CVS to stop selling tobacco & cigarettes by Oct. 1

Postby Greggzee » Wed Feb 05, 2014 8:37 pm

I don't smoke and I am in no way a 'militant' non-smoker. I quit a long time ago.
I have to agree with you CS. As far as a pure business decision I think it is a poor one. I think CVS will regret it in the future.
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Re: CVS to stop selling tobacco & cigarettes by Oct. 1

Postby CommonSense » Wed Feb 05, 2014 11:23 pm

According to CVS, tobacco products generate $2 Billion in annual profits. That represents about 5% of their total business. :shock:

However ending tobacco sales, amounts to losing customers who make other purchases in the store besides tobacco. :roll:

CVS didn't seem to figure that in their decision or profit & loss estimates. :oops:

I wouldn't expect Walgreen's, RIte-Aid, Walmart, Dollar General, Family Dollar or other competitors who also sell tobacco products to follow CVS down this dead end road. 8-)
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Re: CVS to stop selling tobacco & cigarettes by Oct. 1

Postby divemaster » Fri Feb 07, 2014 10:23 pm

There has to be another reason behind CVS decision?
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Re: CVS to stop selling tobacco & cigarettes by Oct. 1

Postby CommonSense » Fri Feb 07, 2014 10:28 pm

There is a reason... CVS/Caremark supports Obama & ObamaCare. :twisted:

They want some of the HHS government business and contracts on prescriptions. :evil:
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