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......
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!!!
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.