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  1. #1
    Atomic Punk
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    Default CVS stores to stop selling tobacco products.

    This shockingly makes sense...



    WOONSOCKET, R.I., Feb. 5, 2014 /PRNewswire/ --CVS Caremark (NYSE: CVS) announced today that it will stop selling cigarettes and other tobacco products at its more than 7,600 CVS/pharmacy stores across the U.S. by 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.

    "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, CVS Caremark. "Put simply, the sale of tobacco products is inconsistent with our purpose."

    Merlo continued, "As the delivery of health care evolves with an emphasis on better health outcomes, reducing chronic disease and controlling costs, CVS Caremark is playing an expanded role in providing care through our pharmacists and nurse practitioners. The significant action we're taking today by removing tobacco products from our retail shelves further distinguishes us in how we are serving our patients, clients and health care providers and better positions us for continued growth in the evolving health care marketplace."

    Smoking is the leading cause of premature disease and death in the United States with more than 480,000 deaths annually. While the prevalence of cigarette smoking has decreased from approximately 42 percent of adults in 1965 to 18 percent today, the rate of reduction in smoking prevalence has stalled in the past decade. More interventions, such as reducing the availability of cigarettes, are needed.

    "CVS Caremark is continually looking for ways to promote health and reduce the burden of disease," said CVS Caremark Chief Medical Officer Troyen A. Brennan, M.D., M.P.H. "Stopping the sale of cigarettes and tobacco will make a significant difference in reducing the chronic illnesses associated with tobacco use."

    In a Journal of the American Medical Association (JAMA) Viewpoint published online this morning, Brennan and co-author Steven A. Schroeder, Director, Smoking Cessation Leadership Center, University of California, San Francisco, wrote, "The paradox of cigarette sales in pharmacies has become even more relevant recently, in large part because of changes in the pharmacy industryMost pharmacy chains are retooling themselves as an integral part of the health care system. They are offering more counseling by pharmacists, an array of wellness products and outreach to clinicians and health care centers.Perhaps more important, pharmacies are moving into the treatment arena, with the advent of retail health clinics. These retail clinics, originally designed to address common acute infections, are gearing up to work with primary care clinicians to assist in treating hypertension, hyperlipidemia and diabetes all conditions exacerbated by smoking."

    CVS Caremark's decision to stop selling tobacco products is consistent with the positions taken by the American Medical Association, American Heart Association, American Cancer Society, American Lung Association and American Pharmacists Association that have all publicly opposed tobacco sales in retail outlets with pharmacies.

    "As a leader of the health care community focused on improving health outcomes, we are pledging to help millions of Americans quit smoking," said Merlo. "In addition to removing cigarettes and tobacco products for sale, we will undertake a robust national smoking cessation program."

    The program, to be launched this Spring, is expected to include information and treatment on smoking cessation at CVS/pharmacy and MinuteClinic along with online resources. The program will be available broadly across all CVS/pharmacy and MinuteClinic locations and will offer additional comprehensive programs for CVS Caremark pharmacy benefit management plan members to help them to quit smoking. Approximately seven in ten smokers say they want to quit and about half attempt to quit each year.

    "Every day, all across the country, customers and patients place their trust in our 26,000 pharmacists and nurse practitioners to serve their health care needs," commented Helena B. Foulkes, President, CVS/pharmacy. "Removing tobacco products from our stores is an important step in helping Americans to quit smoking and get healthy."

    The decision to exit the tobacco category does not affect the company's 2014 segment operating profit guidance, 2014 EPS guidance, or the company's five-year financial projections provided at its December 18th Analyst Day.The company estimates that it will lose approximately $2 billion in revenues on an annual basis from the tobacco shopper, equating to approximately 17 cents per share. Given the anticipated timing for implementation of this change, the impact to 2014 earnings per share is expected to be in the range of 6 to 9 cents per share. The company has identified incremental opportunities that are expected to offset the profitability impact. This decision more closely aligns the company with its patients, clients and health care providers to improve health outcomes while controlling costs and positions the company for continued growth.

    http://info.cvscaremark.com/newsroom...macy-locations
    "Watch what people are cynical about, and one can often discover what they lack.” -- Gen. George S. Patton

  2. #2
    Forum Frontman Double Down's Avatar
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    11.17.17 @ 12:11 PM
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    Default

    Good for them. Great move.
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  3. #3
    carpe damn diem billy007's Avatar
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    12.11.17 @ 09:09 AM
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    will chips and other snacks that makes us fat folk fatter follow?

  4. #4
    Forum Frontman It's Mike's Avatar
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    12.11.17 @ 08:23 AM
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    pharmacies were legislated to stop selling cigarettes here a long time ago. I'm guessing 20 years maybe.

  5. #5
    ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ Number 47's Avatar
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    12.11.17 @ 09:13 AM
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    Damn! Now I'll never again have to wait to buy a pack of smokes behind that little old lady with 50 items in her mini shopping cart and a coupon for every single one.

    Gonna miss that.

  6. #6
    Good Enough cabomiro's Avatar
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    12.08.17 @ 03:30 PM
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    Here in Alberta you cannot sell tobacco products in a grocery store that has pharmacy in it. That came into effect in 2009. So you can't buy cigs at a Safeway anymore.

    You can only get them at a convenience store or gas station.
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  7. #7
    Hot sauce on everything Red's Avatar
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    12.06.17 @ 06:36 AM
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    So much federal and state tax revenue is generated here in the US, I would be surprised if any legislation came along banning the sale of tobacco in an entire retail segment, such as pharmacies.

    Having said that, this is a great pro-health PR move for CVS. I have a feeling the positive PR will replace tobacco revenue as a result, and they'll come out ahead in the long run.

    Personally, I don't buy cigarettes in pharmacies anyway, and I can't remember the last time I actually shopped at a Big Pharmacy outlet for prescriptions or anything else.

  8. #8
    Atomic Punk I Coulda Hada VH's Avatar
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    12.11.17 @ 09:07 AM
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    Forgive me, but why do people still smoke?
    "It's so lonely at the top because it's so crowded at the bottom" - Diamond David Lee Roth

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  9. #9
    Atomic Punk ziggysmalls's Avatar
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    12.11.17 @ 08:59 AM
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    Quote Originally Posted by I Coulda Hada VH View Post
    Forgive me, but why do people still smoke?
    Same reason why some guys like a dick in their ass. At first its not pleasant but after awhile you start to enjoy it. You push through even with the negative stereotypes that go hand in hand.

    Seriously I smoke and wish I could quit. Easier said than done.

  10. #10
    Atomic Punk LLFHS's Avatar
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    Quote Originally Posted by ziggysmalls View Post
    Same reason why some guys like a dick in their ass. At first its not pleasant but after awhile you start to enjoy it. You push through even with the negative stereotypes that go hand in hand.

    Seriously I smoke and wish I could quit. Easier said than done.
    Damn! Have a smoke son!
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  11. #11
    Atomic Punk lovemachine97(Version 2)'s Avatar
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    Honestly, this is how it should work: making a private decision. If CVS doesn't want to sell them and Walgreen's does, let 'em duke it out. Maybe one wins, maybe both.

    Either way, CVS sells booze in many locations and also candy. So the "health" reason rings hollow.


    Sent from my iPhone using Tapatalk

  12. #12
    Hang 'Em High sickman's Avatar
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    Quote Originally Posted by ziggysmalls View Post
    Same reason why some guys like a dick in their ass. At first its not pleasant but after awhile you start to enjoy it. You push through even with the negative stereotypes that go hand in hand.

    Seriously I smoke and wish I could quit. Easier said than done.
    Are you speaking from experience

  13. #13
    Hot sauce on everything Red's Avatar
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    Quote Originally Posted by I Coulda Hada VH View Post
    Forgive me, but why do people still smoke?
    I really can't give an answer that makes any sense, other than I must be an idiot.

    I'm pretty sure Phillip Morris USA and the FDA can give answers that are a bit more scientific in nature and scope. Although I won't sue them for what amounts to pure ignorance on my part. I was warned.

  14. #14
    Atomic Punk Raldo's Avatar
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    I think it's a good move for them.
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  15. #15
    Forum Frontman It's Mike's Avatar
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    Quote Originally Posted by lovemachine97(Version 2) View Post
    Honestly, this is how it should work: making a private decision. If CVS doesn't want to sell them and Walgreen's does, let 'em duke it out. Maybe one wins, maybe both.

    Either way, CVS sells booze in many locations and also candy. So the "health" reason rings hollow.


    Sent from my iPhone using Tapatalk
    i'd have a real problem with a pharmacy selling any controlled substance (liquor, smokes, etc). Granted theses "pharmacies" are more supercentres now than how they were originally designed.

 

 

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