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Famous Retail Brand: Walgreens Logo Sign

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Walgreens

Walgreen Co. (Additionally commonly abbreviated as WAGS) doing business as Walgreens (without an apostrophe), is the largest drugstore chain in the United States of America. As of August 31st, the company operates 8,210 locations across all 50 states, the District of Columbia and Puerto Rico. Founded in Chicago, Illinois in 1901, and has since expanded throughout the United States. Walgreens is currently headquartered in the nearby suburb of Deerfield, Illinois.

The Walgreens chain began in 1901, with a drug store on the corner of Bowen Ave and Cottage Grove, Chicago, Illinois, United States owned by Galesburg native Charles R. Walgreen, Sr. By 1913, there were five Walgreen drugstores. He added several improvements to the stores such as soda fountains and luncheon service. He also began to make his own line of drug products and was then able to control the quality of the items and sell them at lower prices. By 1913, 12 stores were in operation, all in Chicago. And in that same year, all the stores were consolidated under Walgreen Co. The 1920s was a very successful decade for Walgreens. In 1923, the company opened stores outside of residential areas and also introduced the malted milk shake in 1922. Walgreens also established its own ice cream manufacturing plants to match the demand for ice cream at that time. By the mid 1920s, there were about 44 stores with an annual sale of 1.2 million dollars. By this time, Walgreens had expanded into other states like Wisconsin, Missouri, and Minnesota. By 1930, there were 397 stores in 87 cities with annual sales of 4 million dollars.

(Source: Wikipedia.org)

 

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