During Wal-Mart’s recent annual shareholders’ meeting, vice chairman Eduardo Castro-Wright said the retail giant might stop selling tobacco products in its stores, according to Convenience Store News. Why? Selling cigarettes conflicts with Wal-Mart’s healthier, friendlier and greener image, which it has been working hard to cultivate in the past few years.
Ditching cigarettes may be a smart move for another reason too. On April 1st, the federal excise tax increased by 61 cents to $1.01 a pack. The tax is expected to reduce smoking and decrease cigarette sales. Approximately 21% of the adult population or 64 million Americans smoke, according to the most recent data from the Center for Disease Control.
Do you think selling tobacco hurts Wal-Mart’s image? Is it smart strategy to sacrifice potential sales for the sake of corporate image?
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