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Walgreen, grandson of Charles Walgreen Sr., who founded the Walgreens drugstore chain in 1901, began his career with the company as a stock boy in 1952. [1] [2] He earned a pharmacy degree from the University of Michigan in 1958 and returned to Walgreens, rising through the ranks to become president in 1969, CEO in 1971, and chairman in 1976.
Walgreen Jr. started out as a buyer for the company. As head of the company he increased the profit and size of the drug store, encouraged new lines of products to be sold and changed the format from counter service to self-service. He relinquished his role in company in 1969 to his son Charles R. Walgreen III. [3] He died in 2007 at age 100. [3]
Walgreens offered low-priced lunch counters, built its own ice cream factory, and introduced the malted milk shake in 1922. By 1927, Walgreen had established 110 stores. His son Charles Rudolph Walgreen Jr. (March 4, 1906 – February 10, 2007) and grandson Charles R. Walgreen III both shared his name and played prominent roles in the company ...
Walgreens's corporate headquarters is in Deerfield, Illinois. [42] [43] Walgreens has had a technology office in Chicago since 2010. It serves as their digital hub. [44] In November 2010, Walgreens filed a trademark infringement lawsuit against the Wegmans supermarket chain, claiming the "W" in the Wegman's logo was too similar to Walgreens's. [45]
Chahanie Development announced the shopping center in 1967 [2] and began construction in 1969. The first announced tenants were JCPenney, G. C. Murphy variety store, Arlan's discount store, Walgreens, an IGA supermarket, and Kinney Shoes. [3] Official opening ceremonies were held in October 1971, by which point many stores were already open. [4]
Walgreens booked a better-than-expected fiscal first quarter and gave Wall Street some positive vibes on the drugstore chain's plan to revive its struggling business. CEO Tim Wentworth told ...