Re: CVS is going to stop selling tobacco products...
Posted by:
Liberal Logic 005
()
Date: February 06, 2014 01:21AM
PTHvH Wrote:
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> The two most inelastic products... addictive
> substances and healthcare. The latter is now more
> profitable than the former.
Thats not true. Booze and tobacco are much more profitable than flu shots and check ups. They arent going to be an emergency room or running CT scans in the back which is real the real money is in healthcare.
Their stock took a hit with the news too which just cost them a lot of money, and doesnt even get into the fact they expect to lose billions in sales from people that come in for tobacco and buy other stuff.
They can do it if they want, financially its not the greatest decision though when their direct competitors still sell it. Also the poster above makes a great point, its hypocritical to stop selling that but continue to sell crap like twinkies when youre claiming to be a health conscious store.