Walgreens operates a national chain of drug stores with 7,649 locations in all 50 states and Puerto Rico. The company serves more than 5.6 million customers daily and filled more than 651 million prescriptions in fiscal 2009.
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 25,000 items for sale, 25-30 employees and annual sales of $8.9 million.
The company has been adding beer and wine sections in most stores.
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 2009, Walgreens reported record revenues of $63.3 billion, a 7.3% increase and net earnings of $2.01 billion.
The top states for company sales are Florida, Illinois, Texas and California.
Walgreens said 1,000 corpoate and field management positions (about 9 percent of those currently employed in corporate and field management) will be eliminated through buyouts or layoffs in fiscal 2009.
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.
Walgreen also introduced one-hour photo services at its locations, now available in 98% of stores.
Medical and Dental Insurance
Updated December 21, 2009