DEERFIELD, Ill. -- Amid the merger of drug store giant CVS with pharmacy service provider Caremark, Walgreen Co. here is taking an organic path to growth. The company said this week that it plans to open 500 new stores this year and anticipates a total of more than 7,000 stores in 2010, up from more than 5,600 stores now. Its second-quarter earnings went up 24.5% due largely to retail prescription drug sales, it said.
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.