CVS Is Pulling Drug Products From Their Shelves Come October 1, 2014
CVS pharmacy has announced they will no longer be selling tobacco products in any of its more than 7,600 drugstores all across the nation. As the nation’s second-largest drugstore chain, CVS wants to focus instead on providing healthcare services. Over the last couple of years, CVS has been adding clinics to their stores, and they are working more closely with doctors and hospitals to improve their customers’ health.
It is estimated thave CVS will lose about $2 billion annually in revenue as a result of the decision. They will phase out cigarettes, cigars and chewing tobacco by October 1, 2014.
In response to the CVS announcement, President Obama said, ”As one of the largest retailers and pharmacies in America, CVS Caremark sets a powerful example, and today’s decision will help advance my Administration’s efforts to reduce tobacco-related deaths, cancer, and heart disease, as well as bring down healthcare costs—ultimately saving lives and protecting untold numbers of families from pain and heartbreak for years to come.”
This is a huge decision for a major drug store chain. As a pharmacy technician myself, I am happy to see stores like this taking a stand for the greater good and trying to provide better quality care for their customers. Interestingly enough, Target, which also has pharmacies in their stores, already does not sell tobacco products. It will be interesting to see if other large chains with pharmacies will decide to pull tobacco products off of their shelves.