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 nutrients and drug shops on this planet. With greater than 3,600 shops national and the 6,000th scheduled to open via 2010, Walgreens has controlled to outlive or even thrive whilst different, better-known opponents, haven't - incomes commonplace spots on Fortune magazine's lists of so much fashionable and top appearing businesses. the tale of Walgreens' outstanding upward thrust to the pinnacle is considered one of grit and gumption, expertise and tenacity, and an unfailing dedication to outdated down-home values. This booklet bargains either a colourful slice of Americana and a compelling company profile, interweaving own anecdotes with ancient and monetary insights.
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Extra info for America's Corner Store: Walgreen's Prescription for Success
At 15 cents each, the handsome pans went fast, earning Walgreen a tidy profit and more customers. The successful gambit encouraged him to take more chances in the future to expand his merchandise selection and marketing methods. The Walgreens were able to make their final payment on the store loan to Mr. Blood in early 1907. Decades later, Myrtle still remembered the night her hard-working husband came home, “late as usual,” but this time proudly waving the final check. “He put it in an envelope addressed to Blood, and the two strolled to the mailbox,” the Kogans wrote.
Obviously, Blood had learned Walgreen’s lessons on negotiations too well, presenting Walgreen a seemingly impossible standard to reach. As always, Walgreen saved his best efforts for any achievement that might grant him more independence. The only way he could ever pay off such a steep loan, he figured, would be to make the store more profitable TLFeBOOK from humble beginnings 29 so he’d be able to make his monthly payments from the proceeds once he took over. Once again, Walgreen’s strategy worked too well.
Seconds later, the scoop brought up a fragment of a human skull. What the construction crew had inadvertently discovered was a secret burial ground for cadavers—cadavers illegally obtained and disposed of— and with it, a glimpse into the unsophisticated and unregulated early years of medical education. Michigan was ahead of most colleges, actually, when it started its own medical school in 1850. It did so simply by co-opting a three-man instructional outfit already up and running in town. Michigan was, indeed, noted for its emphasis on the controversial art of dissection.
America's Corner Store: Walgreen's Prescription for Success by John U. Bacon