CVS Changes Name and Stops Tobacco Sales Immediately
In efforts of continuing their focus on customer health CVS has decided to stop tobacco sales immediately and change their name from CVS/Caremark to CVS Health. CVS is the nation’s second-largest chain of drugstores and while the signs outside their many stores may not reflect this name change the customer’s receipt will. The new corporate name is aimed at providing its many investors with a better sense of what CVS does; retail stores will still be called CVS/Pharmacy.
In conjunction with CVS’ change in name they have moved up their date to cease tobacco sales. Originally this new health initiative was geared for October 1, but the company got ready for the change faster than they anticipated. CVS felt they could no longer sell tobacco products in the same setting they were delivering healthcare and found it difficult to justify when partnering with doctors and hospital groups to improve patient care. This is the first large chain to cease selling tobacco products.
The chain is also launching a … click HERE to continue reading
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