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re: CVS stops selling cigs... sales of other stuff tumbles
Posted on 8/4/15 at 6:17 pm to constant cough
Posted on 8/4/15 at 6:17 pm to constant cough
I don't know about CVS but there used to be a Walgreens a few blocks away from my old house and I would buy booze there at least once a week. They always had some kind of sale on bourbon that beat grocery store prices, and their bourbon selection was better than the grocery store and gas stations.
0
Posted on 8/4/15 at 6:19 pm to TejasHorn
quote:Self imposed decisions to not sell tobacco don't mean anywhere close to "ban"... They're making it sound like they're victims.
smoke ban
Posted on 8/4/15 at 6:20 pm to TejasHorn
Stopping selling things that make you a considerable amount of money is bad? Who woulda thunk it?
Posted on 8/4/15 at 6:27 pm to TejasHorn
If CVS wanted to be a good example, they would stop selling booze too. How many deaths can be attributed to alcohol? Goes to show you that most corporations really don't know their customer's wants and needs.
Posted on 8/4/15 at 6:29 pm to TejasHorn
Walgreens in our area stopped selling alcohol years ago, they took a big hit.
Posted on 8/4/15 at 6:34 pm to TejasHorn
I hope they don't stop their awesome customer reward coupons due to this 
Posted on 8/4/15 at 6:37 pm to constant cough
quote:
Can't you get that at the gas station though? I always thought people buying cigarettes and beer at a drugstore was weird.
I do it all the time
I don't smoke, but went there when I did. I buy occasional shite beer there, and buy wine there a lot. It is walking distance.
Posted on 8/4/15 at 6:39 pm to Marco Esquandolas
quote:
No business EVER does something to be a good example--especially one that is publically traded and owned by shareholders...it's all about profits.They thought that this move would cause many people to move to them on the principle, and banked on more script fills, but someone forgot to really analyze the other negatives that not selling tobacco would have.
All of this.
Posted on 8/4/15 at 6:40 pm to LouisianaLady
When I lived in Broadmoor and smoked regularly I would never buy my alcohol at CVs on Claiborne because they didn't also sell cigarettes. I don't want to know how much money CVS lost just on me individually over 2 years 
This post was edited on 8/4/15 at 6:41 pm
Posted on 8/4/15 at 7:00 pm to Ed Osteen
Smoking is disgusting. How can a drug store sell tobacco?
Posted on 8/4/15 at 7:18 pm to TejasHorn
Wonder how bad booze, wine and beer sales was affected.
Posted on 8/4/15 at 7:22 pm to TejasHorn
Tobacco Ban Clears Out Low-margin, Poorly Selling Cigarettes
Seems like CVS overestimated their ability to make up the profits on other items, but this article from February makes quite a few good points.
Seems like CVS overestimated their ability to make up the profits on other items, but this article from February makes quite a few good points.
quote:
Margins for cigarettes and tobacco average about 15 percent, which puts them into the basket of goods that Costco Wholesale Corp., which specializes in lower-margin items, typically sells, said Jeff Lenard, a spokesman for the National Association of Convenience Stores in Alexandria, Va. That compares to margins of 30 to 50 percent for health and beauty items, which occupy more retail space than tobacco, analysts said.
quote:
While archrival Walgreen Co. and other chains continue to sell tobacco products, drugstores aren't where most smokers buy cigarettes. David Bishop, managing partner at Balvor LLC, a Barrington-based sales and marketing firm, estimates that drugstores account for 5 to 6 percent of all cigarette sales. Compare that to convenience stores, which capture 86 percent of all tobacco sales, according to their trade association.
CVS said in a statement that it has "identified incremental opportunities that are expected to offset the profitability impact," though the company declined to name specific categories.
But cigarettes aren't great money-makers for convenience stores, either. Tobacco products represent the largest in-store sales category for these small shops — 40 percent — but generate 21 percent of a store's gross profit, Mr. Lenard said. Soft drinks, on the other hand, generate nearly 19 percent of a store's profit though the category represents 15 percent of in-store sales.
Posted on 8/4/15 at 7:36 pm to TejasHorn
I stopped going to CVS when they stopped selling cigs.
just on principal.
just on principal.
Posted on 8/4/15 at 7:41 pm to JEAUXBLEAUX
Because America.
We get to own guns and pump our own gas and not have a mob-controlled waste industry.
Wait...you're in New Jersey. Nvm.
We get to own guns and pump our own gas and not have a mob-controlled waste industry.
Wait...you're in New Jersey. Nvm.
Posted on 8/4/15 at 7:47 pm to TejasHorn
CVS has beer but no cigs.
Walgreens has cigs but no beer.
Rite aid for the win!!
Walgreens has cigs but no beer.
Rite aid for the win!!
Posted on 8/4/15 at 8:14 pm to constant cough
quote:
Can't you get that at the gas station though? I always thought people buying cigarettes and beer at a drugstore was weird.
they are buying something with their cigs. I just figure beer is a good bet. either beer, or Nicorette patches.
Posted on 8/4/15 at 8:17 pm to TejasHorn
Isn't cvs doing this because they are moving into the minute clinic arena?
Posted on 8/5/15 at 8:56 am to jennBN
Sure hasn't hurt their stock price.
Posted on 8/5/15 at 9:51 am to TejasHorn
I use CVS for the pharmacy, but Walgreens has a much better store. CVS is pretty crappy inside. At least that's my experience here.
This post was edited on 8/5/15 at 9:52 am
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