CVS proved that a company can stop selling tobacco and still turn a profit, when they announced an almost 10% increase in revenue since last year.
The removal of cigarettes did have a negative impact on front-of-the-store sales, the Wall Street Journal reports, but the “strength from the pharmacy business offset” that decline. Pharmacy revenue was up 16%.
- The Fight to Save the Salmon
- Inside the World of Black Bitcoin, Where Crypto Is About Making More Than Just Money
- The 'Great Resignation' Is Finally Getting Companies to Take Burnout Seriously. Is It Enough?
- Suddenly, Everyone on TV Is Very Rich or Very Poor. What Happened?
- Colin Powell Reflects on His Mistakes in Unpublished TIME Interview
- Business Travel's Demise Could Have Far-Reaching Consequences
- If the U.S. Spends Big on Climate, the Rest of the World Might Follow