Sept. 4, 2014
cvs tobacco abasto media cigarettes stop smoking
-- CVS became the first drugstore chain in the United States to stop selling tobacco by removing the last packet of cigarettes from their shelves a month before previously announced as part of its strategy to gain an advantage in the health care market.
Besides eliminating cigarette packets from their 7,700 stores across the nation, the chain announced that they changed their name from “CVS / Caremark Corp” (CVS / Brand care) to “CVS Health” (“CVS Health”). “We are facing what we all see as a changing landscape in health care,” Larry Merlo told the media.
The company had announced in February they would be ending tobacco sales and derivatives in their establishments, estimating a reduction of about 2,000 million dollars in annual revenue. The news shook the health care market in the United States, had serious repercussions on Wall Street and was praised by the healthcare community and by...( read the full free article by clicking on the link below)http://abastomedia.com/en/cvs-quits-smoking/