CVS Ditches Tobacco Early

Sep 3, 2014
Lead in text: 

The CVS retail chain is no longer selling tobacco products in its 7,700 stores -- including at more than 700 stores in Florida -- about a month before schedule, according to the South Florida Business Journal. The company, which stands to lose about $2 billion in annual tobacco sales, is also changing its name to CVS Health.

Source: Bizjournals

The CVS retail chain has already stopped selling tobacco products in all of its roughly 7,700 stores nationwide, about a month ahead of schedule. The company announced its intention in February to end tobacco sales by October 1, but it appears there was some urgency to position itself as a more of a health brand, rather than a general store, according to a report by the New York Times.

Read more at: Bizjournals