Walgreen Company Description
Walgreen offers an old-fashioned tonic for fiscal fitness: quality over quantity and homespun growth rather than growth through acquisitions. It works. Walgreen operates some 6,250 stores in 49 states and Puerto Rico, and has three mail order facilities. Prescription drugs account for nearly two-thirds of sales; the rest comes from general merchandise, over-the-counter medications, cosmetics, and groceries. Walgreen usually builds rather than buys stores, so it can pick prime locations. For added convenience, more than 80% of its stores offer drive-through pharmacies, and almost all offer one-hour photo processing. Walgreen withdrew its $3 billion bid to acquire Longs Drug Stores (topping rival CVS's offer).
View the Comprehensive Company Description for Walgreen
The Company Description provides a historical perspective of Walgreen's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Walgreen's evolution in the marketplace.
