The Complete Story of Walgreens – See These Articles For an Inside Look
This post offers articles related to the complete story of Walgreens, from its humble beginnings to the massive success it has today. Each article is written by a different author giving you different points of view, but first, a few brief points I’d like to share with you.
Charles Rudolph Walgreen was born in Knoxville, Illinois, before moving to Galesburg at a young age. His ancestors immigrated from Sweden. The family name is Olofsson. Charles’s great-great-great-grandfather adopted the surname Walgreens in the 1790s.
In 1901, Charles Walgreen opened a small food store at the corner of Bowen and Cottage Grove in Galesburg, Illinois. This is the original location of Walgreens.
In just 13 years, Walgreens grew from this location to four stores, and by 1919, Walgreens had 20 locations.
Today, Walgreens has grown to more than 9,000 locations. It has a yearly revenue of around $100 billion, netting $4 billion of that revenue. Could Charles have imagined how a corner store would grow into the second-largest pharmacy in the United States?
Some interesting facts about Walgreens include:
- In 1922, a Walgreens employee named Ivar Coulson invented the malted milkshake. It was so popular that customers stood in line to buy the drink.
- In 1927, Walgreens stock was shared on Wall Street, making it a public company.
- In 1939, the founder, Charles Walgreen Sr. died. His son, Charles Walgreen Jr., became president of the company.
- In 1950, the company introduced a self-service store. Three years later, Walgreens became the largest self-serve retailer in the United States.
- In 1960, Walgreens reached the one million mark in regards to filling prescriptions — it held the record at that time.
- Walgreens became the first major drug store chain to use child-safe medicine containers.
- In 1975, Walgreens reached $1 billion in sales.
- More facts are available below in the Walgreens facts section.
The history and success of Walgreens are both impressive and interesting. Have a look at the articles I have included in this post for the entire story.