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CVS To Stop Selling Cigarettes

www.washingtonpost.com

VS, one of the nation’s largest drugstore chains, said Wednesday that it will stop selling cigarettes at its 7,600 locations in an expensive but calculated bid to boost its image as a full-fledged health-care provider rather than a simple purveyor of greeting cards and shampoo.

Executives said the move will cost the company $2 billion a year in lost sales. But they are gambling that abandoning smokers will help them strike more profitable deals with hospitals and health insurers — and appeal to growing ranks of customers newly insured under the Affordable Care Act.

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