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PHILADELPHIA — Downtown Philadelphia will be the site for Walgreens' next Well Experience flagship store, according to an online report published Friday by CBS/Philly. The new Walgreens will be located at Broad and Chestnut Streets in Center City, filling the space of what was once a Borders bookstore.
The retail space extends 26,000 sq. ft. across three floors.
The CBS/Philly report suggested the new store will open its doors this fall, citing the real estate agent who brokered the deal.
Walgreens Well Experience flagship stores currently are located in Chicago, Las Vegas, New York and Washington, D.C. In addition to this one in Philadelphia, two more are planned for Los Angeles and Boston, according to published reports.
"It's clear we're stepping out of the traditional drug store format to create something completely new and unique," Walgreens president and CEO Greg Wasson shared with investors in March. "We're combining cutting-edge design with an improved product assortment and developing the right mix of health care, beauty, fresh food and private brand solutions to more closely meet the needs of our communities. Our goal is to create an experience unmatched in the industry and one that is flexible enough to accommodate every community. From a store in an urban food desert to suburban stores to a flagship location on Wall Street and all types in between," he said. "The response we're gaining from customers, payers, government officials and employees is extremely encouraging. Our most impressive leading indicator is customer delight, the metric we use to measure customer reaction. We've seen a significant jump in the last 6 months in both pharmacy and front end that reflects our enhanced in-store experience."