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Walgreens; Financial Statement Analysts

Executive Summary
Walgreens offers an old-fashioned tonic for fiscal fitness: quality over quantity and homespun growth rather than growth through acquisitions. It works. While Walgreen has fewer stores than its closest rival CVS, it is #1 in the nation in sales. (Hoover's Inc, 2007)

Walgreens operates about 6,000 stores in 49 states and Puerto Rico, and has three mail order facilities. Prescription drugs account for 65% of sales; the rest comes from general merchandise, over-the-counter medications, cosmetics, and groceries. Walgreen usually builds rather than buys stores, so it can pick prime locations. For added convenience, more than two-thirds of its stores offer drive-through pharmacies, and almost all offer one-hour photo processing. (Hoover's Inc, 2007)

Within the last 3 years Walgreen is growing by leaps and bounds. Some of the here are a few highlights and contributing factors to Walgreens growing success.

In 2005 Walgreens opened its 5,000th store in Richmond,......


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Approximate Word Count: 2073
Approximate Pages: 9 (250 words per double-spaced page)

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