RobardUser Robard Corporation | CVS Takes the "Health" Plunge

CVS Takes the "Health" Plunge


CVS recently made a move that could catapult them to the top of the retail pharmacy food chain.  It was recently decided that “CVS Caremark” will be now called “CVS Health”. Although the change in name maybe subtle, it’s some of the accompanying changes that will have more of an impact on the consumer and the company.

While waiting in checkout lines we’ve grown accustom to seeing an array of tobacco products the franchise had to offer. That will no longer be the case. Effective immediately, CVS will not carry tobacco products in any of their 7,700 plus stores nationwide. These shelves will be replaced by products such as nicotine gum and other tobacco using habit-kicking products. 

The removal of tobacco products furthers CVS’ efforts in becoming your go-to place for anything healthcare. There’s also a financial gain that is expected to come from this, that they hope results in surpassing Walgreens as the number one retail pharmacy in the country.  

However, it also removes any potential hypocrisy that would come with the yearning of being on the frontlines of healthcare retail, and selling a universally unhealthy product.  We all know the dangers that are attached with the use of tobacco.  And ultimately goes against the image and direction that CVS sees itself going in. 

What are your thoughts on this decision CVS made? Do you feel other stores should follow suit? Leave a comment in the box below and let us know what you think. 

Source: Investorplace


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