By John U. Bacon

"This is the tale of Walgreens, the main winning drugstore chain within the usa. From its founding as a family-run shop in Chicago in 1901, Walgreens has grown into one of many greatest nutrients and drug shops on the earth. With greater than 3,600 shops national and the 6,000th scheduled to open by means of 2010, Walgreens has controlled to outlive or even thrive while different, better-known opponents, haven't - incomes average spots on Fortune magazine's lists of so much trendy and most sensible appearing businesses. the tale of Walgreens' awesome upward thrust to the pinnacle is considered one of grit and gumption, expertise and tenacity, and an unfailing dedication to out of date down-home values. This booklet deals either a colourful slice of Americana and a compelling company profile, interweaving own anecdotes with old and monetary insights.

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50; so they had to scrimp elsewhere, with Myrtle doing all their washing, ironing, and cooking. In the early years of their marriage, Myrtle was a truly traditional wife, rarely asking about her husband’s business, especially when he came home bone-tired after a 16-hour day. Though Walgreen was committed to following through on his first store, he still hadn’t dedicated himself to the pharmacy business itself. While toiling on Cottage Grove, he dabbled in a Los Angeles wrapping paper company, an Idaho mining outfit, and a Chicago grain commodities firm.

75 Walgreen’s resolve was firm. “He now realized more firmly than ever that the time had come for him to move ahead in the drugstore business,” the Kogans wrote. ”76 Walgreen signed another loan in 1909 to buy Valentine’s store. Because it stretched his finances so far, however, he could only wangle the deal with the help of Arthur C. Thorsen, a former colleague and now a pharmacist at the Armour Company pharmaceutical products plant. Thorsen agreed to buy half of Walgreen’s first store. Walgreen took this money, plus some savings, to cover the down payment on Valentine’s store.

Holmes also started a mail-order medicine company. 41 TLFeBOOK 22 america’s corner s tore Like Holmes, Walgreen was also lured to the City of Big Shoulders during the Columbian Exposition and to the field of pharmacy. His approach to the profession would be as noble as his competitors’ was shameless. walgreen does chicago If Holmes represented the darkest possible sides of pharmacology—from his spurious salesmanship, to his exploitation of the intimacy his position offered, to the ultimate betrayal of a professional’s trust—Walgreen represented all that people admired about pharmacists: He was a knowledgeable, empathetic, and, most important, honest professional.

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