CVS’s Decision to Stop Selling Tobacco Will Have Minimal Industry Impact
CVS Caremark, the second largest pharmacy chain in the US, recently announced it would stop selling tobacco products in October 2014. Shane MacGuill, Tobacco Industry Analyst at Euromonitor, states that outside of a symbolic victory for tobacco control groups, this move will have little impact the tobacco market. Pharmacies only make up about three and a half percent of tobacco sales in the US, and CVS itself was responsible for only two percent of total US tobacco sales in 2012.
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