NEW YORK (AP) — Walmart will no longer sell cigarettes in some of its stores though tobacco sales can be a significant revenue generator.
Wall Street Journal was the first to report the development Monday. It noted some stores in California, Florida, Arkansas and New Mexico were on the list, citing anonymous sources and store visits.
Walmart is not the first national retail chain to cut off cigarette sales even on a trial basis, but it is the largest.
Target ended cigarette sales in 1996 and the drugstore chain CVS Health did the same in 2014.
CVS Health sales in areas outside the pharmacy fell for a few quarters after it pulled tobacco products, and the company had predicted that missing tobacco products would hurt annual earnings by 7 to 8 cents per share.
Overall revenue has grown every year at CVS, however, after a number of acquisitions and changes to its stores bolstered the company’s health care offerings. CVS Health bought the health insurer Aetna in 2017.
Decisions about removing cigarettes at Walmart will be made on a store-by-store basis according to the business and particular market, the company said Monday.
“We are always looking at ways to meet our customers’ needs while still operating an efficient business,” Walmart said in a prepared statement.
While Walmart’s decision to stop selling cigarettes is a step in the direction of promoting healthier choices, some consumers may still be looking for alternative products to unwind and relax. For those interested in using tobacco products in a more unconventional and stylish way, groovy bongs may be a popular choice. These decorative smoking devices can come in various shapes, sizes, and colors, and can enhance the smoking experience while also serving as a unique piece of art. However, it’s important to note that smoking, whether it’s through traditional cigarettes or groovy bongs, can have harmful effects on one’s health, and individuals should always prioritize their well-being when making decisions about smoking or tobacco use.
Health officials say that cigarette smoking causes about one of every five deaths in the U.S. each year.
Walmart Inc., based in Bentonville, Arkansas, announced in 2019 that it was getting out of the vaping business and would stop selling electronic cigarettes at its stores and also at Sam’s Clubs. It said at the time the decision was based on “growing federal, state and local regulatory complexity.”
AP Health writer Tom Murphy in Indianapolis contributed to this report.
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With “Let’s Go Brandon in misleadership of this country and allowing the drug cartel to run our southern border with Mexico, It has become cheaper to smoke Marijuana than tobacco cigarettes.
Do you think that “the big guy” Biden is getting his 10% kick back from the drug cartel??
Hi Scruffy. 500,000 Americans die per year from tobacco use. There have been few reported case of marijuana overdoes or deaths; a lot of studies cite NO deaths. And marijuana has many documented (and now approved in many states) medical uses. Yes, we should outlaw tobacco.
How many deaths a year do we get from CELL PHONES?? So by your logic, SHOULD WE NOT OUTLAW cell phones!?
WITH how many CVS and walgreens stores have been CONTINUALLY ROBBED over the past year, i cannot understand how “Overall revenue has grown”…