CVS Removes tobacco from stores Teage Browning, Casey Flack, Austin Lowry-Luther, & Yessi Torrez

Overview CVS Corporate Strategy Little Background on Smoking Decision to Remove Tobacco After removal Finance What Else is CVS doing to help Catholic Social Teaching Principles Reactions Our Conclusions Summary

CVS Corporate Strategy & Hedgehog Mission Statement: "Our Vision: We strive to improve the quality of human life. Our Mission: We provide expert care and innovative solutions in pharmacy and health care that are effective and easy for our customers.” Strategy: “enhancing access, lowering costs and improving health out-comes through the company’s consumer-driven, channel- agnostic solutions.” Selling products that make people healthy

A little background on smoking

Decision to remove tobacco In September 2014, CVS Health became the first national retail pharmacy chain to stop selling tobacco products in all of our stores It conflicted with our purpose of helping people on their path to better health Decision to remove tobacco

After Removal There was a 4% increase in nicotine patch purchases in those same states during the period immediately following the end of tobacco sales, indicating that there was also a positive effect on attempts to quit smoking. https://www.cvshealth.com/research-and-insights/cvs-health-research-institute/we-quit-tobacco-heres-what-happened-next there’s been an additional one percent reduction in cigarette pack sales

Finance

Finance Cont.

What Else is CVS doing? Across all of the incentive-based programs, participants were eligible for up to $800 for successfully quitting smoking https://www.cvshealth.com/content/cvs-health-research-institute-study-finds-smoking-cessation-programs-financial-incentives study participants who enrolled in any of the four incentive-based programs were nearly three times more likely to quit smoking than those who received usual care alone.

“Today, we’ve announced that we are ending the sales of tobacco in all 7,600 CVS/pharmacy stores by October 1. As a health care company, it’s time for us to take a stand and to put our customers, colleagues and patients on a path to better health. Share this if you stand with us in our commitment to go tobacco-free.” -CVS President Helena Foulkes Reactions

Catholic Social Teaching Principles LIFE AND DIGNITY OF THE HUMAN PERSON Every human person is created in the image and likeness of God. Therefore, every person’s life and dignity must be respected and supported from conception through natural death. Solidarity Service to the Common Good The rights and responsibilities of humanity Catholic Social Teaching Principles Smoking is the leading cause of premature disease and death in the United States

Conclusions CVS removing Tobacco is a reflection of Catholics social teaching put into practice. CVS has shown that keeping the consumer's health in mind is their number one priority, their duty, and they can maintain healthy business practices at the same time.

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