Tip:
Highlight text to annotate it
X
FOR US.
>>> MORE BREAKING NEWS.
A SURPRISING MOVE BY THE
PHARMACY CHAIN CVS.
JUST ANNOUNCED IT WILL NO LONGER
SELL CIGARETTES AND TOBACCO
PRODUCTS NATIONWIDE.
THE MOVE TAKES EFFECT IN MORE
THAN 7600 STORES.
CHRISTINE ROMANS HAS MORE.
>> IT'S BIG NEWS.
BIG PHARMACY CHAIN.
THIS COMPANY SAYS SELLING
CIGARETTES AND TOBACCO PRODUCTS
NOT WHAT IT DOES AS A HEALTH
CARE CHAIN.
THE CEO SAYS ENDING THE SALE OF
TOBACCO PRODUCTS IS THE RIGHT
THING FOR THIS COMPANY TO DO FOR
ITS CUSTOMERS, TO PEP HEM ON TO
A BETTER PATH OF HEALTH.
TO PUT SMIMLY THE SALE OF
TOBACCO PRODUCTS IS INCONSISTENT
WITH OUR PURPOSE.
THAT'S LARRY MERLO WHO RUNS THE
COMPANY.
THE PRESIDENT OF THE UNITED
STATES A FORMER SMOKER COMING
OUT AND SAYING GOOD WORK CVS,
GOOD WORK LARRY MERLO AND HE
HOPES MORE PEOPLE FOLLOW SUIT.
>> ALSO THE PURPOSE OF HIS
COMPANY IS TO MAKE MONEY.
HOW MUCH OF A HIT WILL IT?
>> THEY WILL SAY NO THANK YOU TO
$2 BILLION FROM SMOKERS WHO BUY
TOBACCO PRODUCTS FROM CVS
PHARMACIES.
THAT'S A SMALLER AND SMALLER
CUSTOMER BASE EVERY YEAR.
IN 196542% AMERICANS WERE
SMOKERS.
TODAY IT'S 19%.
YOU CAN SEE THE GROWTH IN THIS
ECONOMY, THE GROWTH FOR THESE
MARKETS IS FOR SMOKING CESSATION
PRODUCTS, FOR THESE SMALL