Walgreens Weighs in on CVS Kicking Cigarettes, Tobacco to the Curb

by Karl Utermohlen | February 5, 2014 2:28 pm

Walgreens Weighs in on CVS Kicking Cigarettes, Tobacco to the Curb

Walgreens (WAG[1]) is still weighing its options after CVS (CVS[2]) announced that it will no longer[3] sell cigarettes or tobacco products.

Walgreens 300x199 Walgreens Weighs in on CVS Kicking Cigarettes, Tobacco to the Curb[4]The largest pharmacy chain in the country could follow in CVS’ footsteps but it has yet to make a decision[5]. “We have been evaluating this product category for some time to balance the choices our customers expect from us with their ongoing health needs,” the company said in a statement this morning.

Walgreens added that it will continue to evaluate what products its customers want. Additionally, the company said that it will educate its customers and offer smoking cessation products and other products that will help reduce tobacco consumption in the U.S.

WAG stock is up 3% and CVS stock is down 0.65% Wednesday.

Endnotes:
  1. WAG: http://studio-5.financialcontent.com/investplace/quote?Symbol=WAG
  2. CVS: http://studio-5.financialcontent.com/investplace/quote?Symbol=CVS
  3. no longer: http://investorplace.com/2014/02/cvs-cigarettes-tobacco-products-cvs-stock/#.UvKQ2KiwXRE
  4. [Image]: http://investorplace.com/wp-content/uploads/2011/05/Walgreens.jpg
  5. yet to make a decision: http://www.politico.com/story/2014/02/walgreens-tobacco-cigarette-sales-103152.html

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