Sunday, October 15, 2006

How Was "Walgreens" Named?

WalgreensWalgreens (The official corporate name lacks an apostrophe) is a convenience store/pharmacy chain, pharmacy benefit manager (PBM), mail service pharmacy, and specialty pharmacy which operates in the continental United States and Puerto Rico. It operates more than 5,405 retail stores. Walgreens was founded in Chicago, Illinois in 1901 and has since expanded throughout the United States. Its headquarters is located in Deerfield, Illinois, a suburb of Chicago. CVS/pharmacy, Eckerd, and Rite Aid are its main competitors.

This chain started out as a drug store with owner, Charles R. Walgreen, Sr.. The Walgreen family was absent from the senior management of the company for a short period following the retirement of Charles Walgreen III, however the great-grandson of Charles Walgreen, Kevin P. Walgreen, was made a vice-president in 1995 and was promoted to Senior Vice-President of Operations - Southern Division in 2006.

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posted by Staff @ 4:23 PM