CVS Caremark plans to stop selling tobacco products at its more than 7,600 drugstores nationwide, according to NBC News. CVS, the second-largest drugstore chain in the country, said Wednesday that selling cigarettes side-by-side with medicine undermines the mission of promoting good health. The chain will lose about $2 billion in revenues annually by halting sales of tobacco, but the CVS Pharmacy president said the move makes sense for a brand now positioning itself as a health care company. U.S. Health and Human Services Secretary Kathleen Sebelius said the ban was "an unprecedented step in the retail industry" and urged others to follow CVS' lead.
CVS to Pull Tobacco Products From Its Stores
CVS Caremark announced Wednesday that it plans to stop selling tobacco products at its more than 7,600 drugstores nationwide.