Word: walgreen
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...Retail sales kept pace. They rose in August for the third straight month, and are likely to rise even more as U.S. families, which have been saving 70 of each dollar, begin to spend some of what they have squirreled away. "As far as we're concerned," says Walgreen Drug Chairman Charles R. Walgreen Jr., "the public is on a buying spree." Adds Chairman Edward Hanley of Allegheny Ludlum Steel: "We're in an inflationary period now, and it's very serious...
...Walgreen's belief [July 28] that the malted milk shake originated in his organization. Not so. Before, during, and after World War I, I was myself making them at soda fountains in the Middle West, as were probably a good many thousand other soda jerks. Later, the thick malted milk came along, the one that was called a "gedunk...
...Walgreen's is moving in other directions. In 1946, it purchased Sanborns in Mexico City, a restaurant and gift shop combination. Closer to home, the company took over Houston's Globe department stores, now has six of the city's well-known Danburg junior department stores as well, plus nine other outlets in the Southwest...
...while, Walgreen's aims to maintain low prices made possible by tightly integrated operations. The drug and cosmetic factory in Chicago stocks the chain's shelves with Perfection cold cream, Orlis mouthwash, and Olafson vitamin tablets and capsules, of which the company makes 290 million annually. Eight ice cream plants churn out 3.2 million gallons of 21 flavors each year, while its roasting and blending plant produces enough coffee to fill 50 million cups. Watching over all this is a computerized inventory system...
...Walgreen's management has not neglected the human factor. Offering to pay the last three years of a five-year pharmacy course, it has sent over a thousand employees through school in 22 years, and currently 140 are in the program. The company can use them. Last year Walgreen's filled more than 15 million prescriptions, expects to approach the 20 million mark by year...