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>> DOLLAR Latest News

FEB 06, 2014 - Huffington Post

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Dollar Stores Stand To Profit From CVS Tobacco Ban

CVS officials announced Wednesday that the drugstore chain would take a multibillion dollar hit by pulling tobacco products from its shelves in the coming months. CVS's loss is likely a huge gain for giant discount chains Dollar General and Family Dollar. While CVS dropped cigarettes because it wants to be seen as a health-care company, the dollar stores only just recently started selling tobacco. The strategy: To be a one-stop shop for squeezed customers who already buy cigarettes and are concerned less about health than they are about price. "This may provide a significant opportunity ... Read More

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