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Read e-book online America's Corner Store: Walgreen's Prescription for Success PDF

By John U. Bacon

"This is the tale of Walgreens, the main profitable 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 foodstuff and drug shops on the planet. With greater than 3,600 shops national and the 6,000th scheduled to open by way of 2010, Walgreens has controlled to outlive or even thrive whilst different, better-known opponents, haven't - incomes ordinary spots on Fortune magazine's lists of such a lot favorite and top appearing businesses. the tale of Walgreens' extraordinary upward push to the pinnacle is one among grit and gumption, expertise and tenacity, and an unfailing dedication to out of date down-home values. This publication deals either a colourful slice of Americana and a compelling company profile, interweaving own anecdotes with historical and fiscal insights.

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The Walgreens returned to Chicago, determined to pay off the store loan as soon as possible. Through their frugality, the Walgreens were able to put half his salary toward the loan payment each month. The young couple allotted themselves only $25 per month for rent. 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.

Every bed and hallway was filled with dying men—not from Spanish bullets but from microscopic enemies. The three-month war claimed 5,462 American lives, but only 379 from battle-related wounds. The rest died from malaria, typhoid, and yellow fever, which ran rampant on the tropical island. Due to doctors’ rudimentary knowledge of diseases at the time (they were only beginning to suspect that mosquitoes were the source of yellow fever), their practices frequently resulted in spreading diseases instead of containing them.

77 TLFeBOOK TLFeBOOK CHAPTER 2 the start of something special: 1910–1929 on his own A fter opening his first store in 1901, it took Charles Walgreen Sr. a full 8 years of hard work to secure his second small store, but only 20 more years to create the foundation for an empire. The 1910s and 1920s were probably the most demanding decades in Walgreens’ history. , Myrtle, and offspring Chuck and Ruth) worked ungodly hours to feed the chain’s burgeoning growth. But those might have been the company’s most exciting years, too, filled with boundless optimism, energy, and inno43 TLFeBOOK 44 america’s corner s tore vation, without the complications and pressures future expansions would present.

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