Walgreens Company Analysis and Integration Strategy
Analysis of Walgreens
By: Robert Antioho
Christopher Bennington
Andrew Graeff
Jordan Lenz
Jacob Wyand
Chapter 1: Company Background and Mission Chapter 1: Company Background and Mission Walgreen Co.
Introduction:
Walgreen Co. (Walgreens) and its subsidiaries operate a drugstore chain in the United States. “The Company provides its customers with multichannel access to consumer goods and services, and pharmacy, health and wellness services in communities across America” (Walgreen Company). The firm currently operates two mail-order facilities and has 7,752 retail drug stores located across all 50 US states, Guam, Puerto Rico, and the District of Columbia (Walgreens). Prescription drugs account for 65% of all sales, with the rest coming from front-end store purchases (Walgreens Co.). Walgreen Co. is ranked number 32 on the Fortune 500 list and is currently trading stock on the NYSE and NASDAQ stock exchanges (Fortune 10000 Companies 1-100).
History:
Opening its first store in 1901, Charles R. Walgreen started the iconic drugstore chain on the south side of Chicago. Along with selling prescription and over the counter drugs, the first store was extremely innovative with the addition of a soda fountain and luncheon service. With its emphasis on superior service and high quality items, Walgreen drugstores were received positively and produced large amounts of revenue. The company continued its growth and passed numerous milestones such as going public in 1927, surpassing the $1 billion in sales mark in 1975, and passing the 1,000 Walgreens stores mark in 1984. Recently passing the 7,000 store mark in 2010, Walgreens has seen large amounts of growth from its humble Chicago beginnings. “Walgreens century plus history has been marked by explosive growth fueled entirely by the opening of new stores” (Company History, 2011).
After a century of solid organic store growth, Walgreens has started to finally see this growth
By: Robert Antioho
Christopher Bennington
Andrew Graeff
Jordan Lenz
Jacob Wyand
Chapter 1: Company Background and Mission Chapter 1: Company Background and Mission Walgreen Co.
Introduction:
Walgreen Co. (Walgreens) and its subsidiaries operate a drugstore chain in the United States. “The Company provides its customers with multichannel access to consumer goods and services, and pharmacy, health and wellness services in communities across America” (Walgreen Company). The firm currently operates two mail-order facilities and has 7,752 retail drug stores located across all 50 US states, Guam, Puerto Rico, and the District of Columbia (Walgreens). Prescription drugs account for 65% of all sales, with the rest coming from front-end store purchases (Walgreens Co.). Walgreen Co. is ranked number 32 on the Fortune 500 list and is currently trading stock on the NYSE and NASDAQ stock exchanges (Fortune 10000 Companies 1-100).
History:
Opening its first store in 1901, Charles R. Walgreen started the iconic drugstore chain on the south side of Chicago. Along with selling prescription and over the counter drugs, the first store was extremely innovative with the addition of a soda fountain and luncheon service. With its emphasis on superior service and high quality items, Walgreen drugstores were received positively and produced large amounts of revenue. The company continued its growth and passed numerous milestones such as going public in 1927, surpassing the $1 billion in sales mark in 1975, and passing the 1,000 Walgreens stores mark in 1984. Recently passing the 7,000 store mark in 2010, Walgreens has seen large amounts of growth from its humble Chicago beginnings. “Walgreens century plus history has been marked by explosive growth fueled entirely by the opening of new stores” (Company History, 2011).
After a century of solid organic store growth, Walgreens has started to finally see this growth
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