Buy custom Walgreens; Financial Statement Analysts
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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2103 |
Essay's paper body
In 1916 seven stores consolidated under the corporate name Walgreen Co. By 1920 there were 20 stores in Chicago, with sales of $1.55 million. The firm was first listed on the NYSE in 1927; two years later its 397 stores in 87 cities had sales of $47 million. (Walgreen.com, 2007)
The company did comparatively well during the Great Depression...
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(Walgreen.com, 2007)
The company did comparatively well during the Great Depression. Although average sales per store dropped between 1931 and 1935, per-store earnings went up, thanks to a chain wide emphasis on efficiency. By 1940 Walgreen had 489 stores, but the chain shrank during WWII when unprofitable stores were closed...
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