Thursday, 6 August 2015

CVS banned tobacco. Now its sales are hurting

CVS banned tobacco. Now its sales are hurting

Sales at CVS Health are getting "smoked." Last September, CVS became the first major pharmacy chain in America to stop selling cigarettes and other tobacco products in its stores. The drug store chain said it was the right thing to do -- even though it would hurt sales. Now CVS is detailing just how much the tobacco ban is impacting the company. While prescription sales continue to rise, general merchandise sales tumbled nearly 8% last quarter on a same-store basis.
Read more: http://ift.tt/1IOXh3M

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