Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

CVS joins Walmart in keeping multicultural beauty products out of locked cabinets

Published 06/12/2020, 09:45 AM
Updated 06/13/2020, 10:25 AM
© Reuters. A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York

© Reuters. A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York

(Reuters) - Drugstore chain CVS Health Corp (NYSE:CVS) joined Walmart (NYSE:WMT) Inc in announcing it will stop keeping beauty and personal care products designed for people of color in locked display cases, after the practice drew criticism online.

In the wake of nationwide protests in the U.S. against police brutality and racial inequality following the killing of George Floyd last month, companies have issued statements in support of the black community and set up funds to fight systemic racism.

The change in policy at both companies comes after a Walmart customer complained the practice of locking up items that cater to people of color was discriminatory.

"We have a firm-nondiscrimination policy that applies to all aspects of our business and our product protection measures have never been based on the race or ethnicity of our customers," CVS said in an emailed statement on Friday.

The drugstore chain said it had expanded its selection of products in its textured hair and color cosmetics categories by 35% over the past year to add new brands that appeal to communities of color.

Walgreens Boots Alliance (NASDAQ:WBA) Inc has also said it would stop keeping similar beauty and hair care products in locked cabinets, according to Associated Press https://apnews.com/4736f57884783118f16c767f4aafab20. The company did not immediately respond to a Reuters request for comment.

© Reuters. A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York

(This story corrects to "systemic" in paragraph 2)

Latest comments

May sound odd, but I live in the deep south. Our communities really don't experience racial inequality. I don't know where stores are locking up beauty products, but it's nowhere around Northwest Florida or lower Alabama.
In New York City. I’d pick up recycling for a company and people would steal from duane reades every day. The police right reports and do nothing unless the crime involved physical violents. Its insane and managers get burnt out over it.
Theft is theft has no color but that of poverty. My White neighbor on welfare would boast how she was able steal diapers out of walmart to the point of being banned from the store. She stole just about everything including my expensive bottle of Anais French cologne. Same as with the riots of late. Lots of Whites holding BLM signs poor white trash looting windows ripping off jewelry suits even stealing puppies from pet shop. All one color dishonesty greed poverty
The greed of poverty?  What about Bill Gates is amassing $100 Billion by theft greedy?
Billy gets a free pass because he's a lefty.
Jay, you misunderstood. She didn't say "greed of poverty". She just listed greed AND poverty (without using commas) as things which lead to theft. Bill Gates is a billionaire because he worked hard, and smart, and because of a little something called capitalism. He's also a big philanthropist, unlike another 'self-proclaimed' billionaire I can think of.
I guess the stores will go back to major losses from theft of those products and we will all have to pay higher prices...
So funny, virtue signaling includes accepting theft. Equality is a lie.
Who cares. Walked by the beauty section, people tried them, tossed them around. It was a mess. This move make more people go to department store to buy skin care products.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.