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CVS Plans to End Sales of Tobacco Products by Oct. 1

Stephanie Strom for The New York Times:

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 cost an estimated $2 billion in sales from tobacco buyers, which includes incidental items like gum that those customers might also purchase.