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The next year, Walgreens began opening stores away from residential areas. In the mid-1920s, there were 44 stores with annual sales of $1,200,000 combined. Walgreens had also expanded by then into Minnesota, Missouri, and Wisconsin. By 1930, it had 397 stores with annual sales of $4,000,000.
The fifth Walgreens opened in 1915 and the ninth in 1916. By 1919, there were 20 stores in the rapidly-growing chain. As impressive as this growth was, even more impressive was the superb management team that Walgreen had begun to assemble since his second store opened.
By 1930, Walgreens had well over 500 stores and quickly was becoming the nation's most prominent drugstore chain. And while Walgreens was no more immune to the dire effects of a shrinking economy than other American businesses, it persevered.
The company opened its first East Coast store, in New York's theater district, in 1927. That year, the company went public. By the end of 1929, there were 397 Walgreen stores in 87 cities; annual sales were $47 million with net earnings of $4 million. Great Depression Years
Walgreens filled its 100 millionth prescription, far more than any drug chain at that time. 1968; Walgreens became the first major drug chain to put its prescriptions into child-resistant containers, long before it was required by law. 1969; Charles Walgreen III became the company's president. 1975; Walgreens reached $1 billion in sales. 1981
In 1927, Walgreens was listed on the New York Stock Exchange and opened its first East Coast store in New York's theater district.
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History of pharmacy, legacy of care. From the first Walgreens drugstore to more than 9,000 neighborhood staples, learn how we’ve continued to innovate pharmacy and healthcare services for more than 120 years. By Steven Cohen. October 5, 2021. 5 mins read.
