CVS No Longer Selling Cigarettes
Following its February announcement, CVS has now officially stopped selling cigarettes in its stores.
CNN says the pharmaceutical retailer stopped selling cigarettes a month earlier than expected. Larry Merlo, president and CEO of CVS, posted a video statement to the company website saying that "by eliminating the sales of cigarettes and tobacco products in our stores, we can make a difference in the health of all Americans."
CVS estimates it could lose about $2 billion in annual sales as a result of the decision. However, that's just a very small percentage of its revenue which totaled $126 billion last year.
What do you think of the company's decision?