DEERFIELD, Ill. — Walgreens here is bringing beer and wine back to its stores.
The drug chain exited liquor sales in most locations—barring some in the Southeast and Southwest—in the early 1990s due to lackluster sales, according to reports. But lately it's been applying for the appropriate licenses.
"We think there's an opportunity to add [beer and wine] to our convenience goods," said Gregory Wasson, president and chief executive officer of Walgreens, during a conference call with analysts Monday. "We're kind of in the early stages of it."
In Walgreens locations where beer and wine is currently sold the beverages' contribution to front-end sales is in the "small single digits," Wasson said.
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