This week, CVS– the biggest drugstore in the country–announced that it plans to stop selling cigarettes in all of its stores 7,000-plus stores across the country.
Yesterday, we looked at the marketing, branding, and public health implications of their decision. Today, we turn to the economic implications. What does this move mean for the tobacco industry? Are we witnessing the end of cigarette companies as we know them, or does this just signal a change in the market as we know it?