Unit 5 Individual Project
Presented in Partial Fulfillment
Of the Requirements for the Class
ACG320? Financial Accounting
By
DeLaura B. Todd
AIU Online
20 September 2006
Walgreens Pharmacy
Historical Highlights
In 1901 Charles R. Walgreen Sr. purchased the Chicago drugstore he had been working in as a pharmacist. In 1916 nine stores incorporated as Walgreen Co. By 1927 the Walgreen Co. stock went public. In 1946 Walgreens acquired its first foreign property when the company bought out a Mexican retailer.
In 1950 Walgreens started self-service instead of clerk service stores in the Midwest and by 1953 was the largest self-service retailer in the country. In 1960 Walgreens went to market in Puerto Rico. In 1975 Walgreens reached $100 million in sales.
Walgreens has been an innovator in many things like child resistant drug containers, the first Intercom computers, next-day photofinishing, and installation of point-of-sales scanning to speed checkouts. Walgreens also offered drive-through pharmacy, and Intercom Plus, an advanced computer system to speed the prescription filling process.
By 1999 Walgreens.com, a comprehensive online pharmacy, began offering customers a convenient and secure way to take care of many pharmaceutical and healthcare needs online. This site also provided Mayo Clinic Health Information, a trusted source on health and wellness information. In 2002 they became the first drugstore chain to offer prescription labels in multiple languages, currently 14 languages. In 2004 large-type prescription instructions was introduced for those with vision impairment ...