![]() The Chicago office serves as the company’s digital hub. Walgreens is headquartered in Deerfield, Illinois, with the technology office located in Chicago. The business had been operating under Drug Warehouse, May’s Drugs, Super D Drug, USA Drug, and Med-X banners. In 2012, the company acquired Mid-South drug store. In the previous year, 2010, Walgreens had acquired Duane Reade, a New York City-area chain, for $1.075 billion, including debt. The wave of acquisitions continued through the early 2000s, with one of the most notable acquistions being, which Walgreens acquired for $409 million in March 2011. Most of these businesses were sold to Marriott Corp in 1988. It also acquired Globe Discount City chain of big-box stores and operated Wag’s, a chain of casual family restaurants/pancake houses. Walgreen’s switched to barcode scanning and started creating larger Walgreens Superstores. Walgreen III took over in the early 1950s and began to modernize the company. The original Walgreen’s grandson, Charles “Cork” R. Sanborns was one of the largest department and pharmacy store chains in Mexico, and it would later be resold to Grupo Carso in 1982. Walgreen’s entry into the pharmaceuticals market started in 1946 after the company purchased Sanborns. Walgreen Jr.’s tenure also had prosperous moments, but the company lacked the aggressive expansion of Walgreen Sr.’s years. died in 1939 and was succeeded by his son Charles R. By 1934, Walgreens had expanded its reach to cover 30 states with 601 stores.Ĭharles Walgreen Sr. The 1920s would also see the company’s expansion to other areas such as Minnesota, Wisconsin, and Missouri.īy 1930, Walgreens had 397 operational stores with $4 million in annual sales, as the Great Depression and October 1929 stock market crash did not have a large affect on the company. In 1922, the company started selling malted milkshakes and established ice cream manufacturing plants.īy the mid-1920s, the company was operating 44 stores which netted about $1.2 million in combined annual sales. The alcohol prohibition of the 1920s benefitted Walgreens since the company sold prescription whiskey, which was still legal. By 1913, the company had grown and was operating four stores on the South Side of Chicago, and by 1915, the company opened its fifth store, before expanding to four more in 1916.īy 1919, Walgreens was operating 20 stores. Walgreens was founded in Chicago, Illinois, in 1901 as a small food store by Charles R. Let’s look into the company’s extensive history, operations, and trademarks. The company is headquartered in Deerfield, Illinois and operates as the subsidiary of Walgreens Boots, a company formed out of the merger of Walgreens and Alliance Boots, a Swiss company. It operates the second-largest pharmacy store chain in the U.S., only coming in behind CVS Health. Walgreens is an American company that provides multichannel access to consumer goods and cost-effective health, pharmacy, and wellness services.
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