NEW YORK — Walmart will no longer sell cigarettes in some of its stores though tobacco sales can be a significant revenue generator. Wall Street Journal was the first to report the development Monday. It noted some stores in California, Florida, Arkansas and New Mexico were on the list, citing anonymous sources and store visits. Walmart is not the first national retail chain to cut off cigarette sales even on a trial basis, but it is the largest. Target ended cigarette sales in 1996 and the drugstore chain CVS Health did the same in 2014. CVS Health sales in areas outside the pharmacy fell for a few quarters after it pulled tobacco products, and the company had predicted that missing tobacco products would hurt annual earnings by 7 to 8 cents per share. Overall revenue has grown every year at CVS, however, after a number of acquisitions and changes to its stores bolstered the company’s health care offerings.
Similar Stories to Walmart To End Cigarette Sales In Some Stores on Bing News
Anne D'Innocenzio, Denver Post: Business
Mon, 03/28/2022 - 8:22am
Sections: business
BING NEWS:
- Walmart is practically giving away this bestselling 4-piece rattan patio furniture set ahead of Memorial Day
Want to level up your outdoor living space this spring? Head on over to Walmart -- the Walmart website that is -- because we found a really fantastic deal on a top-rated rattan patio furniture set ...
05/2/2024 - 4:21 am | View Link - Federal authorities seize more than $700K in illegal e-cigarette products in California
The federal Food and Drug Administration on Tuesday said that a joint operation with the Justice Department recently seized more than 45,000 unauthorized e-cigarettes valued at more than $700,000.
04/30/2024 - 7:54 am | View Link - Convenience Channel Braces for a Slowdown in Cigarette Sales
The backbar mainstay faces increasing pressure from rising prices, an uncertain regulation space and a decrease in smokers.
04/29/2024 - 5:55 am | View Link - Retail volume sales of cigarettes decreases
The retail volume sales of cigarettes decreased in Pakistan due to higher taxes and awareness amongst cigarette consumers of the potential health risks caused due to smoking, studies have revealed.
04/27/2024 - 2:01 am | View Link - Biden administration delays ban on menthol cigarettes amid dueling health, political pressures
The delay is another setback for the FDA, which predicted it would prevent hundreds of thousands of smoking-related deaths over 40 years.
04/26/2024 - 8:30 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more