CVS Caremark Will No Longer Sell Cigarettes, Other Tobacco Products

HFA Padded
Published on
Updated on
CVS Caremark

CVS Caremark Corporation (NYSE:CVS) has announced that its trademark CVS retail pharmacies will no longer stock tobacco products in a bid to improve its image as a health care provider, strengthen relationships with hospitals and other health care providers, and promote its in-house clinics, report Timothy W. Martin and Mike Esterl for The Wall Street Journal. “Cigarettes have no place in an environment where health care is being delivered,” said CVS CEO Larry Merlo. “This is the right decision at the right time as we evolve from a drugstore into a health-care company.” CVS Caremark to lose $2 billion, but gain credibility…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!