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Walmart Ends Cigarette Sales in Some Stores; Altria Slides

  • Decision affects sites in at least four states, Journal says
  • Goldman sees tobacco purchases shifting to other retailers
Updated on

Walmart Inc. is ending cigarette sales in some stores, citing a “business decision” to take a step back from the sale of tobacco. The move hit tobacco stocks, and Altria Group Inc., which sells Marlboro cigarettes in the U.S., fell the most in almost three weeks. 

The shift follows an internal debate at Walmart and affects stores in states including California, Florida, New Mexico and Arkansas, the Wall Street Journal reported earlier, citing people close to the situation it didn’t name. In some locations, the cigarette shelves are being replaced with self-checkout registers and offers of candy and food.