Walgreens operates a national chain of drug stores with 8,330 locations in all 50 states, Washington DC, Guam, U.S. Virgin Islands and Puerto Rico. Over 6.3 million customers per day visit Walgreens stores.
More than 1,600 Walgreens stores are open 24 hours and over 5,700 have drive-thru pharmacies. A typical Walgreens store is 14,500 square feet with 18,000 different items for sale, with 20-25 employees.
In addition to its drugstores, Walgreens also operates worksite health centers, home care facilities and specialty, institutional and mail service pharmacies. Its Take Care Health Systems subsidiary manages more than 700 convenient care clinics at Walgreens drugstores and health and wellness centers on the campuses of large employers.
For fiscal 2014, Walgreens reported revenues of $76.4 billion, a 5.8% increase, and net earnings of $3.2 billion.
Walgreens has also introduced fresh food at many locations along with beer and wine sections in most stores.
In October 2014, the holding company for Walgreens became Walgreens Boots Alliance following a 55% acquisition in Alliance Boots, a European pharmacy company.
The company announced a reorganization in April 2015 with plans to close 200 USA Walgreens stores.
CEO Greg Wasson is planning to retire from the company this year.
Charles Walgreen founded the pharmacy in Chicago in 1901. He focused on providing customers great service, a broad selection of merchandise and an easy-to-navigate store layout. He also made sure they paid low prices.
Walgreen invented the milkshake and introduced the soda fountain at stores which drew more customers in the early 1920s.
Walgreen pioneered computers in pharmacies that could be connected nationwide via satellite with the introduction of its Intercom computer system in 1981. It also pioneered drive-thru pharmacies in 1992 in Indianapolis. Now more than 80% of Walgreen stores have drive-thrus.
Walgreens acquired Duane Reade, a NYC-based pharmacy chain, with 258 stores for $1.1 billion in 2010.
Medical and Dental Insurance
Updated April 9, 2015