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Валгрин Ко. Message Board

  • nxyluck nxyluck Jun 8, 2014 1:37 PM Flag

    The "new" Walgreens

    Let's face it Wasson et al has made a lot of shareholders wealthy if not rich. That's what he is getting paid for and he has delivered in spades. there are two sides to every story. If you happen to be friendly with your local store manager or maybe an assistant manager you get a totally different answer.

    Many of them remember working when Dan Jorndt, Dave Bernauer and Jeff Rein were presidents. They had DM's that were encouraged to not only motivate their store level crews but to address their concerns. They were cheerleaders for all of those store level employees that lead Walgreens from good to great.

    Those days are long gone. Walgreens shareholders expect that management will bring as much to the bottom line as is possible. In today's world that means that soon Walgreen employees will no longer get a discount on sale merchandise. Perhaps management doesn't understand that anything that is not on sale is much cheaper at Wal-Mart . Giving an employee a discount on sale merchandise just saves them a trip to Wal-Mart.

    The old saying of "location, location, location is going to crumble. Walgreens has that in spades but doesn't seem to understand that in today's economy you have to have motivated employees that want customers to come back not because you have the lowest prices or are most convenient but because they like the store experience. I don't own any Walgreen stock but if I did, I would sell.