WBEZ | Walgreen Company http://www.wbez.org/tags/walgreen-company Latest from WBEZ Chicago Public Radio en Walgreen plans to expand Chicago produce stores http://www.wbez.org/story/walgreen-plans-expand-chicago-produce-stores-88517 <img typeof="foaf:Image" src="http://llnw.wbez.org//story/photo/2011-June/2011-06-29/96794700.jpg" alt="" /><p><p>Walgreen Co. said Wednesday that by the end of 2013, it plans to have close to 50 Chicago stores with large offerings of fresh fruit and vegetables and other groceries.&nbsp;</p><p>Walgreen plans to open the stores in communities that don't have many options for fresh produce. It also plans to remodel many of its 142 locations in the city and open at least five new stores.&nbsp;</p><p>It said the plans will add around 600 jobs, half of which will come from the new and remodeled stores, and half from greater office space for e-commerce, information technology, and other areas.</p><p>The Deerfield, Ill., company remodeled 10 stores in 2010, adding about 750 new food items like fresh fruit and vegetables, frozen meats and fish, pasta, rice, beans, eggs, and whole grain cereal. It currently has 11 of those stores in Chicago. Walgreen said it will approximately double the number of locations in 2012 and do the same in 2013.</p><p>Walgreen said it has about 4,500 employees in Chicago. As of Aug. 31, the end of its latest fiscal year, it had about 244,000 total employees. It runs 7,715 stores, making it the biggest drugstore chain in the U.S.&nbsp;</p><p>In morning trading, Walgreen stock gained 44 cents to $42.02.</p></p> Wed, 29 Jun 2011 16:37:00 -0500 http://www.wbez.org/story/walgreen-plans-expand-chicago-produce-stores-88517 Walgreen Company acquires drugstore.com http://www.wbez.org/story/drugstorecom/walgreen-company-acquires-drugstorecom-84199 <img typeof="foaf:Image" src="http://llnw.wbez.org//archives/images/cityroom/cityroom_20100217_newsintern_649970_Walg_large.png" alt="" /><p><p>North suburban-based Walgreen Company has announced it's buying a web site for more than $400 million. In a statement, Walgreen said it acquired drugstore.com in a deal valued at $409 million.</p><p>Matt Coffina, who analyzes Walgreen for Morningstar, said the acquisition makes sense for Walgreen's strategic future, but it isn't necessarily a good financial deal.</p><p>&quot;I think they want to be the drug store of choice and they want to be there for consumers regardless of what channel they use to purchase their drug store-like items and so this was one way of meeting that demand,&quot;&nbsp;Coffina said.</p><p>Coffina said drug store dot com has not been profitable in its 10-year history. He said Walgreen Company is likely to remain more focused on the nearly 7,700 stores it runs across the country than on its online presence.</p></p> Thu, 24 Mar 2011 17:56:00 -0500 http://www.wbez.org/story/drugstorecom/walgreen-company-acquires-drugstorecom-84199