America’s Corner Store: Walgreen’s Prescription for Success

John U. Bacon '06

Wiley; First Edition

  • 2004 |
  • ALUMNI |
  • BOOK |
  • knight-wallace |

Since Charles Walgreen, the son of Swedish immigrants, opened his first store in 1901 on Chicago’s South Side, the pharmacy that still bears his name has grown to more than 4,000 outlets in 44 states, employing 150,000…it’s still and growing. A truly family endeavor, Walgreen’s pursued success with an “almost religious devotion to substance over style.” In an era rife with corporate scandal and mismanagement, the company continues to please its investors and employees alike, and reportedly raked in $33 billion in 2002.

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