By John U. Bacon
"This is the tale of Walgreens, the main profitable drugstore chain within the usa. From its founding as a family-run shop in Chicago in 1901, Walgreens has grown into one of many biggest nutrients and drug shops on the earth. With greater than 3,600 shops national and the 6,000th scheduled to open through 2010, Walgreens has controlled to outlive or even thrive while different, better-known opponents, haven't - incomes average spots on Fortune magazine's lists of so much fashionable and most sensible appearing businesses. the tale of Walgreens' notable upward thrust to the pinnacle is one in every of grit and gumption, expertise and tenacity, and an unfailing dedication to outdated down-home values. This ebook bargains either a colourful slice of Americana and a compelling company profile, interweaving own anecdotes with historical and financial insights.
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Extra resources for America's Corner Store: Walgreen's Prescription for Success
Valentine’s drugstore on Cottage Grove Avenue and 39th Street. The site was ideally located on the first floor of the Thacker Building, one of hundreds of city structures finished right before the fair, with cable cars stopping on both streets of the intersection. Thanks to his years as a drugstore journeyman, Walgreen’s knowledge and skills had improved, earning him a decent $35 a month. Valentine, however, was in the habit of criticizing him for the smallest infractions, which didn’t sit well with the young man who was now putting in almost 80 hours a week and living with two roommates over the store in a bedbug-infested apartment.
The successful gambit encouraged him to take more chances in the future to expand his merchandise selection and marketing methods. The Walgreens were able to make their final payment on the store loan to Mr. Blood in early 1907. Decades later, Myrtle still remembered the night her hard-working husband came home, “late as usual,” but this time proudly waving the final check. “He put it in an envelope addressed to Blood, and the two strolled to the mailbox,” the Kogans wrote. “Walgreen pulled down the [mailbox] flap.
28 The Age of Enlightenment may have transformed mathematics, physics, and astronomy, among other sciences; but it was slow to improve medicine and pharmacy. Through Colonial times, anyone could call himself or herself a pharmacist and practice pharmacy in any manner he or she saw fit. In much the same way that blacksmiths often doubled as dentists in preindustrial days, printers often doubled as pharmacists. As odd as it might seem today, their extra downtown floor space lent itself to selling sundries, and printers had the ability to advertise their myriad goods.
America's Corner Store: Walgreen's Prescription for Success by John U. Bacon