Inside Walgreens

What a difference a year makes. Walgreens’ management and shareholders were long accustomed to steady, record-breaking gains in sales and earnings, and a pedal-to-the-metal store development strategy, that made Walgreens the nation’s fastest-growing pharmacy retailer and a market leader in cities across the country. As recently as the company’s annual meeting in January 2008, former chairman and CEO Jeff Rein reaffirmed that strategy, outlining a bold plan for filling in markets across the country by opening roughly one new store every 16 hours and buying the prescription files, and sometimes the stores, of rival independent and small chain pharmacies. He also said the company aggressively would pursue new opportunities in specialty pharmacy and front-end merchandising. Click below to download the PDF of Inside Walgreens.

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