The Herald Bulletin

Morning Update

Local Business

February 7, 2014

'Big Joe Clark:' The impact of the decision by CVS to stop selling cigarettes

Remember the Winston Cup racing series? How about the Marlboro Man? The marketing landscape has changed over the years, creating disruptions and distortions for advertising firms and the companies whose products they market.

Few game changers have been as self-dealt as this week’s decision by CVS, the second-largest drugstore in the nation, to pull all tobacco products from their stores.

The unprecedented move is estimated to cost over $2 billion a year in profits. It could be even more as tertiary sales of candy, soft drinks, etc., are entered into the equation. The announcement has been met with emotion and comparison. The positive PR might be worth more than the lost earnings, and the comparisons to Chick-fil-A not being open on Sundays are just beginning.

William VanNess II, M.D., the Indiana State Health Commissioner noted, “This is a strong public health intervention that will reduce the availability of cigarettes and other tobacco products and sends a message to all Hoosiers, especially children, that tobacco use is uniquely harmful.”

There are skeptics too. One non-supporter pointed out that he can buy junk food with zero nutritional value but cannot buy smokes: “Who gets to decide what I get to use to kill myself?”

The thing for investors to figure out is what is next? Will Walgreens respond in-kind? They clearly won’t get the PR for saying “us too!” Some believe the move was required by CVS if they were to remain legitimate players in the future of health care.

Gary Brazel, M.D., chief medical officer at St. Vincent Anderson Regional Hospital said, “CVS’s decision to stop selling cigarettes is a great move for better health. Cigarette smoking causes about one of every five deaths in the United States each year. This is why St. Vincent Anderson Regional is a no-smoking campus. There are likely many reason CVS made this decision at this time, but one thing is certain...this is a bold move in the right direction for the health of our communities.”

Text Only
Local Business
  • Comcast employees volunteer to help Habitat for Humanity On Saturday, from 8 a.m. to 12:30 p.m., Madison County Habitat for Humanity members will work with more than 30 Comcast employees, families and friends to beautify the grounds and participate in light interior remodeling.

    April 23, 2014

  • NWS - HB01006 - snow storm - JC 59a FEMA approves disaster aid for 19 counties

    After initially rejecting Indiana's request for federal aid following a brutal winter, the Federal Emergency Management Agency approved disaster relief on Tuesday.

    April 23, 2014 1 Photo

  • NWS - HB0420 - Ellks - JC 2a Rezoning approved for Elks Lodge building With no objections from surrounding property owners, the former Elks Lodge at 1803 Broadway has been rezoned for a planned banquet hall and catering service.

    April 22, 2014 1 Photo

  • life saver.jpg Man credited with saving life says he was doing his job

    When Richard Goff walked into Louis Moyer's home, he smelled gas.

    April 22, 2014 1 Photo

  • Housing complex to open for homeless veterans in Kokomo Jackson Street Commons is Kokomo’s new $3.6 million facility providing permanent housing to 27 previously homeless veterans.

    April 21, 2014

  • Charo Boyd mug [Duplicate] Charo Boyd: Social Security goes green on Earth Day and every day For years, Social Security has been at the forefront of offering convenient, easy-to-use, and secure online services. We, along with those we serve, have saved a lot of paper, shipping costs, and fuel — and cut back on a lot of carbon exhaust and pollution — by going online instead of doing things the old-fashioned, less efficient way.

    April 20, 2014 1 Photo

  • NWS - HB0420 - CATS Buses-09 City to replace CATS fleet With 7-year-old city buses registering 250,000 miles, Anderson is looking to replace its aging transportation fleet.

    April 20, 2014 1 Photo

  • NWS - HB0420 - Funderburk - 04 Man tries to restore father's tainted legacy at dental clinic

    When news broke earlier this month that the Anderson Dental Clinic had been shut down and several employees, including owner Sally Metzner, had been arrested, Mark Funderburk's main concern was the patients. "A lot of them kept going there because of my dad even after he passed away," he said. "And they didn't deserve this."

    April 19, 2014 1 Photo

  • BIZ - HB0420 - Scott wise -TM Gaining an edge and spreading the word in 2014 Scott owner of Scotty’s Brewhouse with locations in Indianapolis, Muncie, Mishawaka and Bloomington, encourages business owners to interact with customers and use powerful tools such as Twitter, Facebook or even with a blog to their advantage.

    April 19, 2014 1 Photo

  • BIZ - HB0420 - Amys Attic - TM Business Profile: Hidden treasures can be found here Amy's Attic Thrift Store, which opened April 1, offers a variety of different items including clothing, accessories, furniture, yard decorations and collectibles.

    April 19, 2014 1 Photo

Stocks
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide