the company's move was yet another sign of its metamorphosis into becoming more of a health care provider than a largely retail bisinsess with its stores offering more miniclinics and heath advice to aid customers visiting its pharamacies.
The
company estimated that its decision would shave an estimated $2 billion
in sales from customers buying cigarettes and other products, including
incidental items like gum that those shoppers might also purchase. That
is a mere dent in its overall sales of $123 billion in 2012, the latest
figures available.
we have about 26.000 pharmacists and nurse parctitions helping patients manage chronic problems like high cholesterol, high blood
pressure and heart disease, all of which are linked to smoking,” said
Larry J. Merlo, chief executive of CVS. “We came to the decision that
cigarettes and providing health care just don’t go together in the same
setting.”
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