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February 6, 2014 at 6:08 AM
There are no CVS chains in Washington right now, but the national drugstore giant’s decision Wednesday to stop selling tobacco in its 7,400 stores by October 2014 is a game-changing move that should force competitors to consider doing the same.
Here’s CVS Chief Executive Officer Larry Merlo’s message explaining why the company is letting go of an estimated $2 billion in tobacco sales.
Keep in mind the company can take this bold step because it is expanding its role and generating revenue as a health care provider.
According to this Associated Press story, Target is the only other big-name pharmacy in the U.S. to resist selling tobacco products.Will other major competitors such as Wal-Mart, Walgreens and Rite Aid do the same? They should.
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