Tobacco takes up valuable real-estate in your retail area (right at counter--right at checkout). Tobacco sales continue to fall so your gross sales are falling. Tobacco prices tend to be regulated heavily (minimum price that you can't sell under), so profit is probably fixed. Underage tobacco purchases are heavily penalized--so your cost due some store selling to a minor is minimized.
CVS took a bit of hit, but I suspect that they have numbers on the profit they gain by repurposing that space. I'm sure somebody crunched the numbers.
Tobacco takes up valuable real-estate in your retail area (right at counter--right at checkout). Tobacco sales continue to fall so your gross sales are falling. Tobacco prices tend to be regulated heavily (minimum price that you can't sell under), so profit is probably fixed. Underage tobacco purchases are heavily penalized--so your cost due some store selling to a minor is minimized.
CVS took a bit of hit, but I suspect that they have numbers on the profit they gain by repurposing that space. I'm sure somebody crunched the numbers.