Walgreen Co. Message Board
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I agree
I live in Chicago also, and there is a walgreens
on almost every busy corner. They pick great
locations and they are all filled with people. I don't know
about what's cool I just know they make money!
And
they are not just for retirees that's b.s. I think
people want stocks to split because it makes them feel
better holding more shares....but splits in general
really mean nothing. Ask Warren Buffet he has never
split Berkshire Hathaway and who wouldn't like to own a
piece of that......-
With Daley stopping the sale of booze-how will this hurt WAG sales. If my memory serves me correctly WAG was also in the booze buisness.
- 3 Replies to NUCDUDE98
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Walgreens, is getting out of the booze buisiness,
at least in Chicago anyway. Walgreens has
three
big liquor markets, Chicago, Floridia, and
Arizona.
Most, if not all new locations are opening
without
liquor, sales have gone down over the years, and
the
overall gross profit on liquor is not that
high.
There is a big responsibility when having a liquor
dept,
that you need to have someone 21 at the
register, and
carding is a must. Photofinishing has
become big with
wags, and pharmacy naturally, but
with the addition
of the drive-thru's has been a
big plus.
Wag's will survive without liquor,
after-all, it is a
drug store!!!
10 yr
employee... -
If you read your annual report you would see that
liquor sales as a percent of total WAG sales has been in
a steady decline. Without the figures in front of
me I am thinking it is now in the 5-6% range. In
fact many of the new stores WAGs is building do not
even have liquor departments. I wouldn't be too
concerned abou the Chicago situation. What happened was in
the election many wards were able to vote themselves
dry. Most were on the south and sw sides of the city
where liquor stores are on practically every corner and
hardly any of them were WAGs anyway. -
Live in Chicago area and this is the first news I've heard about Daley stopping liquor sales. Where did you get that info??? I think this would be politically negative at this time.
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