(Costcos largest direct rival, Wal-Mart Stores (WMT) Sams Club sells cigarettes, as do CVS rivals Walgreens (WHA) and Rite Aid (RAD).) In CVS case, the tobacco exit was part of a broader effort to reposition itself as a healthcare company, all the more important given that CVS pharmacy benefits manager unit, Caremark, is expected to generate revenues of $121.5 billion this year
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