CVS released a press release that states that the chain will by cease selling tobacco products on October 1, 2014, making CVS/pharmacy “the first national pharmacy chain to take this step in support of the health and well-being of its patients and customers”. The move is projected to cost the retailer billions in sales.
“Ending the sale of cigarettes and tobacco products at CVS/pharmacy is the right thing for us to do for our customers and our company to help people on their path to better health,” said Larry J. Merlo, President and CEO of CVS Caremark. “Put simply, the sale of tobacco products is inconsistent with our purpose.”
More information at Politico.