CVS Caremark, the country’s largest drugstore chain in overall sales, announced on Wednesday that it planned to stop selling cigarettes and other tobacco products by October.
The company’s move was yet another sign of its metamorphosis into becoming more of a health care provider than a largely retail business, with its stores offering more miniclinics and health advice to aid customers visiting its pharmacies.
The company estimated that its decision would shave an estimated $2 billion in sales from customers buying cigarettes and other products, including incidental items like gum that those shoppers might also purchase.
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