Culture

How CVS's Decision to Stop Selling Cigarettes Helps Small Businesses

Liquor stores and other independent retailers are set to profit off of the chain's move.
REUTERS

Everybody knows the refrain about national chains, which is that they hurt independent retailers by offering much more stuff in one place for the same (or more often, lower) prices. CVS is basically preparing to do the opposite: By deciding to no longer carry tobacco products in its stores, the large chain drug store will be sending business to other retailers.

In big, dense cities, independent retailers will be among those benefiting from CVS's decision. For an example of how this would work, take a look at where the CVS is located closest to where I live, in Washington, D.C.: