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Walgreens is an American company that operates the second-largest pharmacy store chain in the United States, behind CVS Health. It specializes in filling prescriptions, health and wellness products, health information, and photo services. It was founded in Chicago in 1901, and is headquartered in the Chicago suburb of Deerfield, Illinois.
Walgreens announced Wednesday it would continue to cut prices on some 1,300 items — the latest company to pivot to value amid signs U.S. consumers are experiencing spending fatigue.
Walgreens is joining other retailers in cutting prices across the board, from snacks to toiletries and even Squishmallows, in an effort to lure back inflation-weary shoppers turned off by high prices.
On Wednesday, Walgreens announced it would lower prices on more than 1,000 items, joining Walmart, Amazon, Target and more companies that are trying to lure back customers struggling with inflation.
Walgreens Boots Alliance, Inc. (WBA) is an American multinational holding company headquartered in Deerfield, Illinois, which owns the retail pharmacy chains Walgreens in the US and Boots in the UK, as well as several pharmaceutical manufacturing and distribution companies.
Biography. Walgreen, grandson of Charles Walgreen Sr., who founded the Walgreens drugstore chain in 1901, began his career with the company as a stock boy in 1952. [1] [2] He earned a pharmacy degree from the University of Michigan in 1958 and returned to Walgreens, rising through the ranks to become president in 1969, CEO in 1971, and chairman ...