What is Walgreens? Walgreens Review, Features

Walgreens (Walgreens) is a drugstore chain sales organization founded in the United States in the early 20th century, with annual sales revenue of nearly 80 billion US dollars. Walgreens is a drug and food retail chain in the United States. It mainly engages in the retail of drugs and food and general merchandise. The company has more than 7,000 stores and has generated sales of 76 billion US dollars.

About Walgreens

• First of all, this is a dedicated company. It has a history of 110 years, but it has always focused on the pharmaceutical retail industry. Although there are some derivative businesses, they are all for better serving pharmaceutical retail and providing consumers with more services through the pharmaceutical retail platform and carrier.
• Secondly, this is an innovative company. Walgreens pioneered open-shelf sales in the pharmaceutical retail industry; it was the first to introduce the combination of pharmacies and outpatient clinics; it was the first to launch employee health plans. It provides medical and pharmaceutical retail services to major international companies such as Disney and CAT; it was the first to launch a mail-order pharmaceutical business; and it was the first to use satellites to provide data services for the entire company.
• Thirdly, this is a company that continuously creates value. On a macro level, Walgreens reduces social medical expenses, and on a micro level, it provides a variety of services to a variety of consumers, such as providing special medicines for special diseases. This is not a very profitable service because the incidence of special diseases is low, the demand for medicines is small, and it is difficult to achieve economies of scale. This is more about considering the interests of patients rather than the pharmacy itself.
• Finally, this is a company founded by the humble Walgreens family, whose ownership of the company is already very small, and his rise to international president was largely due to his ability to work his way up from the bottom, and it took him 30 years to get there, rather than a family appointment.

Development History

-In 1995, the Walgreens website was established and annual sales reached $10 billion.

-In 1996, the 2,000th chain store opened, and in 1999 the pharmacy network addresses were expanded via a new satellite system.

-In 2000, the 3,000th chain store opened.

-In 2003, Walgreens' sales reached $32.5 billion, and by 2004 it had reached $37.5 billion, surpassing CVS to become the number one drug retailer in the United States.

-As of January 2005, Walgreens has a total of 4,665 stores in 44 states and Puerto Rico, second only to CVS in terms of quantity. Walgreens has more than 5,000 stores and 115,000 employees.

According to Walgreen's development strategy, a new chain store will be opened every day, reaching 7,000 chain stores by 2010.