September 4, 2014

May Cut Revenue by $2 Billion

1 CVS Ban on All Tobacco Sales Takes Effect

CVS Caremark, which earlier announced that it would drop all tobacco products from its nearly 7,700 stores nationwide by October 1, stated yesterday that the ban would become immediate. A company press release called the move "the right thing to do for the good of our customers and our company," noting that it would help in "positioning CVS Caremark for future growth as a health care company." The company also announced that it will change its name to CVS Health. The ban will cost the chain an estimated $2 billion in lost revenue over the coming year, but that is only 1.6 percent of its $126 billion in total revenues last year, and health care is expected to be a stronger future growth area than general retail. Competitors Walgreens and RiteAid have no stated plans to follow suit.

More at Businessweek.com | Posted 3 years ago by Robert S. Wieder

Previously: Smokeless Tobacco Products Tempt Kids

Tags: CVS Caremark, CVS Tobacco Ban, CVS Cigarette Ban, CVS Name Change, CVS Health, Tobacco Sales

Comment on This | Was this Interesting? Yes! (62%) / No! (38%)

“Can We Talk?"

2 Comedienne Joan Rivers Has Died

Joan Rivers, the beloved and sometimes reviled comedienne, TV host, fashion designer and icon who became famous for her self-deprecating humor as well as for taking potshots at others, has died, confirmed her daughter, Melissa Rivers. Ms. Rivers was rushed to Mount Sinai Hospital last week after losing consciousness during an outpatient procedure at a doctor’s office on New York City’s Upper East Side. She was placed in a medically-induced coma and was on life support. She was moved out of the ICU yesterday. Ms. Rivers was a role model for comediennes and women everywhere. She began doing stand-up in the late 1950s and got her big break as a guest on Johnny Carson’s The Tonight Show in 1965. The New York State Health Department is investigating the circumstances that led to her death.

More at NYTimes.com | Posted 3 years ago by Melody Lesser

Previously: MD Life Support Training Dies off with Time

Tags: Joan Rivers, Melissa Rivers, Mount Sinai Hospital, Medically-Induced Coma, New York State Health Department

Comment on This | Was this Interesting? Yes! (46%) / No! (54%)

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