What Is Walgreens?
Walgreens is the largest drug retailing chain of stores in the United States. As per the official records released in 2012, the company has 8300 stores in all of the 50 states. The company has a rich traditional background that goes back to 1901. Consumers can access various kinds of goods and services via the retail stores. Pharmaceutical as well as products that can help in improving the healthy lifestyle of people are also available in these stores. Keeping in tune with the traditions, the same company also manages numerous online stores such as beauty.com, drugstore.com and visiondirect.com. The Unique Business Model Adopted By Walgreens
The original management team of Walgreens had access to unique business models that enabled the company to experience unprecedented growth throughout the years. For the sake of illustration, the company exclusively dealt through the local grocery stores in any particular state before setting up a store of their own. This enabled them to understand and study the existing market conditions before establishing well within the state. Needless to state but this particular strategy seems to have worked and as of now, the company is flourishing with augmented revenues every year. The management also focused on setting up their drugstores at every street corner across the nation. Walgreens And Green Energy Technology
Walgreens has paid attention to protecting the environment by adopting various green energy technologies on their stores. For instance, some of the stores utilized solar energy technologies in order to power the lights and air-conditioners. In a way, such acts enabled the company to experience higher profit potentials because they had to rely less on the conventional power supplies. The cost of industrial power is always rising throughout the years. Estimates point out to the fact that the drug retail chain was able to save at least 20 to 50 percent every year by relying on green technologies. Walgreens Focuses On Fostering Talent
Ever since its inception, Walgreens has taken a distinctive approach in giving away their products and services to the American masses. The company also offers a specific portion of their annual income to the charity - a practice that the management follows even after 100 years. In the meantime, the company also paid good attention to the growing the talent and skills of the existing employees by making them to participate various kinds of ventures. The same company also offered a chance for people from diverse backgrounds to build a successful career throughout these years. Walgreens Also Supports Online Shopping
Since online shopping is turning out as an essential ingredient for sustenance, Walgreens has also made suitable provisions with the help of which we can start ordering the products and services within the comfort of our homes. Unique discounts and promotional offers given to the customers will only help in attracting more business with the passage of time. Customers also have a provision to create an online account with the service that will enable them to refill their prescriptions easily without visiting the real world brick and mortar stores. They can also set up auto refilling of their prescriptions so that they have access to their medicines at all the times.