The 2002 'A' List: Walgreen Company

Sept. 5, 2002
Who's Who in the Buildings Market
Walgreen Company
Deerfield, IL
(847) 940-2500
Ranked No. 78 (up from its previous No. 90 position), according to the Fortune 100, Walgreen Company is quietly dominating the drugstore market through an operating philosophy of quality over quantity and growth through building rather than through acquisition. As a result, selecting prime, high-traffic locations - with the majority offering drive-through pharmacies (a concept originally developed at Walgreens) - means the company spouts a "convenience" philosophy that has skyrocketed its one-year sales in 2001 to $24.6 billion (an increase of 16.1 percent from 2000 figures). According to information from its Deerfield, IL offices, the company employs approximately 200 full-time professionals involved in facilities, and owns/oversees six office buildings, totaling 700,000 square feet; 3,700 chain stores, totaling 52 million square feet; and 10 industrial buildings, totaling 6 million square feet. Dollar volume of capital spending toward facilities in 2002 is estimated at $300 million. With respect to new construction, 1.5 million square feet of space in projects will be completed in 2002.
[Editors' Note: Walgreens is a company on the go - and growing (in brand recognition and sales). Focusing on location and customer convenience factors that are facilities-driven, the organization has been able to surpass the sales of its drugstore rivals that offer more locations and stores. The drive-through pharmacy - being duplicated by many of these rivals - is a direct line to an aging society that returns such convenience with unwavering loyalty. Walgreens did it first.]

Voice your opinion!

To join the conversation, and become an exclusive member of Buildings, create an account today!

Sponsored Recommendations

Building Better Schools

Download this digital resource to better understand the challenges and opportunities in designing and operating educational facilities for safety, sustainability, and performance...

Tips to Keep Facility Management on Track

How do you plan to fill the knowledge gap as seasoned facility managers retire or leave for new opportunities? Learn about the latest strategies including FM tech innovations ...

The Beauty & Benefits of Biophilic Design in the Built Environment

Biophilic design is a hot trend in design, but what is it and how can building professionals incorporate these strategies for the benefits of occupants? This eHandbook offers ...

The Benefits of Migrating from Analog to DMR Two-Way Radios

Are you still using analog two-way radios? Download this white paper and discover the simple and cost-effective migration path to digital DMR radios that deliver improved audio...