MUNDELEIN, Ill. — Those who follow retailing say Walgreens was in need of an upgraded store base after years of stamping out new stores in the same mold. Colin Watts, Walgreens' chief innovation officer, who joined the drug store company about a year ago, admitted as much during a presentation earlier this year at the Product of the Year Awards. He said the stores had gotten a bit cluttered and were looking aged. Bill Bishop, chairman of Willard Bishop, Barrington, Ill., was more direct. ...

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