CVS

Leslie Schrader's picture

CVS Quits Tobacco, Chooses Health and Wealth

0 comments

CVS Caremark Corporation recently announced that[[wysiwyg_imageupload:177:]]
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.

The bold decision, estimated to cost the company $2 billion in revenue on an annual basis, leaves no doubt that CVS, which once stood for Consumer Value Store, is making a significant investment in rebranding itself as a healthcare provider. It also raises the question of how CVS will replace the lost revenue.

Retailers like CVS are poised to play a major role in the delivery of primary care as payment reform and physician shortages make traditional healthcare systems increasingly difficult to navigate, fueling the growing demand for convenient, retail health clinics. Read full post »