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Walgreens, is an American company that operates the second-largest pharmacy store chain in the United States behind CVS Health. Walgreens began in 1901, with a small food front store on the corner of Bowen and Cottage Grove Avenues in Chicago, owned by Dixon, Illinois native Charles R. On July 12, 2006, David Bernauer stepped down as CEO of Walgreens and was replaced by company president Jeff Rein, who was later named chief executive officer and chairman of the board. 075 billion, including debt, and continued to use the Duane Reade name on some stores in the New York City metropolitan area.

In March 2011, Walgreens acquired Drugstore. In 2011 Walgreens announced it would end its relationship with Express Scripts, a prescription benefits manager. A coalition of minority groups, led by Al Sharpton’s National Action Network, sent letters urging CEO Gregory Wasson to reconsider. On September 10, 2013, Walgreens announced it had acquired Kerr Drug. In February 2020, Walgreens announced the appointment of Richard Ashworth as president of the company, but he left within the year. Prior to the appointment, he served as president of operations for Walgreens.

Walgreens has its corporate headquarters in Deerfield, Illinois. Walgreens has had a technology office located in Chicago since 2010. The location serves as their digital hub. In November 2010 Walgreens filed a trademark infringement lawsuit against the Wegmans supermarket chain, claiming the “W” in the Wegman’s logo is too similar to Walgreens’. In the summer of 2014, a corporate relocation to Switzerland was considered as part of a merger with Alliance Boots, a European drugstore chain. This drew controversy as many consumers felt that it was an attempt at tax inversion.

On August 5, 2014, Walgreens announced that it would not be relocating its headquarters. As of August 31, 2019, the company operated 9,277 stores in the United States. A Walgreens “corner drugstore”, located in a Marriott street-level retail space, on the corner of a heavily trafficked intersection in Washington, D. Walgreens stores were once connected to local groceries.