tag:blogger.com,1999:blog-746324505322049940.post5850360979025237318..comments2024-03-22T07:58:59.646-06:00Comments on Pewaukee Economics & Finance : CVS vs. WalgreensMrs. Straubhttp://www.blogger.com/profile/14927083996757427841noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-746324505322049940.post-67857268259359743852017-06-06T07:05:52.633-06:002017-06-06T07:05:52.633-06:00The health nazis should mind their own business.The health nazis should mind their own business.BillFhttps://www.blogger.com/profile/04588194946737968833noreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-54739849664895122342017-03-09T11:35:08.131-06:002017-03-09T11:35:08.131-06:00I agree in terms of Walgreens going against their ...I agree in terms of Walgreens going against their slogan "at the corner of happy and healthy", because in reality they are not supporting health by offering harmful products that really don't help represent a business like that. On the other hand that should go against the fact that Walgreen's sells ice cream as well, because in reality it's not healthy. And the increase in stores carrying beer doesn't help the case either. So if all the unhealthy items in the store were taken out, like tobacco, there would be very little margins to make money, as there is fewer products and markets to sell on. Walgreens hasn't been in any sort of phase of growth, especially in recent years, and the same is true for CVS. The opportunity cost of CVS not selling tobacco is right in terms of progressively offering healthy products, but again, candy, alcohol and so on is something that should be done if they are going to completely meet the healthy standards they stand for. In the end, by having tobacco products, they have a market to sell to and more products to make money with, which in the end is the goal of the business.Anonymoushttps://www.blogger.com/profile/11865700168329080279noreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-89410062203825889742017-03-09T11:30:22.361-06:002017-03-09T11:30:22.361-06:00I believe that Walgreens shouldn't follow CVS&...I believe that Walgreens shouldn't follow CVS's decision because not only did CVS lose 2 billion dollars they lost also lost valued consumers to buy that product, since now CVS doesn't sell tobacco products they will go to Walgreens now losing the market for tobacco products. But overall, smoking is very bad for you so I can see why CVS did what it did by doing that. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-36815107903931833132017-03-09T10:11:05.280-06:002017-03-09T10:11:05.280-06:00When CVS decided to stop telling tobacco products ...When CVS decided to stop telling tobacco products they lost so much money in a matter of months. Walgreen's has always been a successful store, along with CVS before they stopped selling tobacco products. No matter what it is something that shouldn't be sold, but if all businesses were to stop selling it sales would go down so much. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-29639929223378965922017-03-09T10:04:15.955-06:002017-03-09T10:04:15.955-06:00I think Walgreens should aspire in CVS foot steps ...I think Walgreens should aspire in CVS foot steps by not selling tobacco products, even though Walgreens actions are cynic by their self interest about making money instead of making people healthier, they are handing them all the diseases and problems cigarettes cause. However Walgreens will not stop selling them simply because it messes with the opportunity cost of their profit. Either they lose profit by not selling tobacco or making a lot of profit by selling those products. To Walgreens it's inconsequential of them selling these products because the people of the society and community keep purchasing these products.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-1501528801200036162017-03-09T10:01:01.846-06:002017-03-09T10:01:01.846-06:00From a moral standpoint, Walgreen's should sto...From a moral standpoint, Walgreen's should stop selling tobacco products. From an economics standpoint, it just doesn't make sens. There is a lot of risk involved with doing so. As was said, CVS lost 2 billion dollars by refusing to sell tobacco products. I get that some stores care about their customers, but refusing to sell them cigarettes will not persuade them to stop smoking. Basically it is a double loss for the store. They are decreasing the amount of revenue they make and losing customers, and the same people will only purchase the product at a different store. If Walgreen's werer to do this, I would expect the same result there as well. There is no clear cut benefits of stopping the sale of tobacco at this point, because the demand is still strong. It may be morally correct, but economically it just isn't a smart move. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-43077782851562493462017-03-09T08:59:43.657-06:002017-03-09T08:59:43.657-06:00I believe that Walgreens and other smaller stores ...I believe that Walgreens and other smaller stores will not stop selling tobacco products. It's one of their main sources of income and without it they would have to be closed down. Good for CVS for shutting down their tobacco sales, but they are able to afford doing this because they are a larger production store. Stores like CVS, Walmart, and Target are able to not sell harmful products like these because they have more expensive products that people purchase there. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-90841561476162808752017-03-09T08:35:29.414-06:002017-03-09T08:35:29.414-06:00I do not believe that Walgreens should follow in C...I do not believe that Walgreens should follow in CVS's footsteps. True, it will make the pharmacy more true to its slogan and goals,but the amount of profit lost will hurt it more. As you stated, CVS lost 2 billion dollars and this may have the same effects on Walgreens. Also, not selling cigarettes won't compel people to stop smoking and will instead force them to buy elsewhere. This will lead to a drop in sales and at the same time will not lead to a decrease in smoking. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-48750116747117682852017-03-09T08:32:58.902-06:002017-03-09T08:32:58.902-06:00Yes, I think that Walgreen should follow CVS foot ...Yes, I think that Walgreen should follow CVS foot steps because even though they might lose money like you said CVS did they will gain the trust of their customers with the store being healthy and actually caring for what their consumers buy. I also think that even though Walgreen's isn't as big as Walmart and pick n save people will continue to go there because its small and has almost everything one needs. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-746324505322049940.post-34727590197147415672017-03-09T08:29:39.870-06:002017-03-09T08:29:39.870-06:00I do not think that Walgreens should stop selling ...I do not think that Walgreens should stop selling tobacco products. They sell them because they make money. It is not their fault that people are addicted to them, and are ruining their lives with them. They sell them to make money, and that's it. If people want to continue to throw away years of their lives with harmful tobacco, that is their own decision. Anonymousnoreply@blogger.com