walgreens

I’m convinced this is the most beautiful Walgreens in the world. Located on Canal St. in New Orleans, this location opened in 2007 and fits in perfectly as it’s situated just blocks away from the famed Bourbon St. Put this sucker in the middle of Sioux Falls, SD and it’d stick out like a sore thumb! Here’s a Walgreens found in San Antonio, TX — which is a more traditional look and feel.

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Via Wikipedia: Walgreens began in 1901, with a drug store on the corner of Bowen Ave and Cottage Grove in Chicago, owned by Galesburg native Charles R. Walgreen, Sr. By 1913, Walgreens had grown to four stores on Chicago’s South Side. It opened its fifth in 1915, and four more in 1916. By 1919, there were 20 stores in the chain. As a result of alcohol prohibition, the 1920s was a successful time for Walgreens. At the time, alcohol was illegal. However, prescription whiskey was available and sold by Walgreens.

In 1922, the company introduced a malted milkshake, which led to it establishing ice cream manufacturing plants. The next year, Walgreen began opening stores away from residential areas. In the mid-1920s, there were 44 stores with annual sales of $1,200,000. Walgreens had expanded into Minnesota, Missouri, and Wisconsin.

By 1930, it had 397 stores with annual sales of US$4,000,000. This expansion partly was attributed to selling alcohol, mainly whiskey, which Walgreen often stocked under the counter, as accounted in Daniel Okrent’s Last Call: The Rise and Fall of Prohibition. The stock market crash in October 1929 and the subsequent Great Depression did not greatly affect the company. In 1934, Walgreens was operating in 30 states with 601 stores.

After Charles Walgreen, Sr., died in 1939, his son Charles R. Walgreen took over the chain until his retirement. The Charles R. Walgreen years were relatively prosperous, but lacked the massive expansion seen in the early part of the century. Charles “Cork” R. Walgreen III took over after Walgreen Jr.’s retirement in the early 1950s, and modernized the company by switching to barcode scanning. The Walgreen family was not involved in senior management of the company for a short time following Walgreen III’s retirement. In 1986, it acquired the MediMart chain from Stop & Shop. In 1995, Kevin P. Walgreen was made a vice-president and promoted to Senior Vice President – Store Operations in 2006.

Walgreens logo until 2006.

On July 12, 2006, David Bernauer stepped down as CEO of Walgreens, replaced by company president Jeff Rein. Holding degrees in accounting and pharmacy from the University of Arizona, Rein was a pharmacist, store manager, district manager, and treasurer prior to being named Chief Executive Officer and Chairman of the Board. Greg Wasson, former President of Walgreens Health Services, was named President and Chief Operations Officer.

On October 10, 2008, Rein abruptly quit as CEO, replaced by Alan G. McNally as Chairman and Acting CEO.

On January 26, 2009, Gregory Wasson was named CEO, effective February 1, 2009.

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