Word: walgreen
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...Chicago's Walgreen Co., a frugal, 60-year-old chain of drugstores, bought Houston's United Mercantile, Inc. and the Danburg Stores-ten stores in all, with yearly sales approaching $35 million. It plans to open several more United stores next year. Walgreen has been on the fringes of discounting for more than a decade, has 260 "high-volume" self-service drugstores, where prices are lower than in its 200 conventional stores...
Taken aback at first, the flannel-mouthed females who have trademarked the New Orleans school rebellion turned up at school to scream at the youngsters. White housewives picketed the Walgreen's drugstore where John Thompson worked as a $73-a-week clerk, and he lost his job. (Later, Walgreen officials insisted that Thompson had asked for a transfer.) The landlady ordered the Thompson family to get out of their $70-a-month apartment. Without telling anyone where they were going, John Thompson and his family took a load of wet wash off the line, packed the rest of their...
...nothing. (Negroes account for at least one-fourth of all business transacted in the 300 Southern branches of Woolworth's alone.) Local managers solved the problems in different ways: in Charlotte, the proprietor of the local McLellan Store unscrewed the seats from the lunch counter. Some Kress, Walgreen and Liggett stores roped off the seats so that everybody had to stand, or closed the lunch counters altogether...
...upcurve in automotive and farm-equipment parts, chemicals, aviation components and oilfield tools." ¶General Shoe Corp. Chairman W. Maxey Jarman: "People are buying freely. Employment is good. Retail business will definitely be up this year. I can see no signs of a recession or depression." ¶ Walgreen Co. President Charles R. Walgreen Jr.: "There are no signs of a recession in the drug industry. We are experiencing the best year in the history of our business-both in volume and profits." ¶CJ Coca-Cola President William E. Robinson, just back from a swing through company plants around...
...small toys of polyethylene, a durable material that can be turned out up to 64 times faster than metal. Unlike most toy manufacturers, who virtually close down for six months when the Christmas lights go off, Marx sells 90% of his output to the big chains, e.g., Woolworth and Walgreen's, which do a brisk year-round toy business, and Sears, Roebuck and J. C. Penney, which order in huge quantities early in the year. Thus he cuts costs, keeps his plants humming and most of his work force busy three shifts a day all year...