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by Sabine Vollmer | Sep 19, 2014   ()

Stopping the sale of tobacco products on September 3rd will cost CVS an estimated $2 billion annually, or about 15% of annual revenue, but the US chain of pharmacies and drugstores took the step anyway, ahead of its competitors.

“By eliminating cigarettes and tobacco products from sale in our stores, we can make a difference in the health of all Americans,” Larry J. Merlo, CEO of CVS Health, said in an announcement the company issued the day the decision took effect.

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Source: CGMA Magazine
Source: CGMA Magazine

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