Word: walgreen
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...Tiles) has been a private palace, the Jockey Club, the Russian Embassy, the Japanese Embassy, a dormitory for homeless newsboys, and, since 1919, the home of Sanborn's, most famous American business in Mexico. Last week the store in the old palace became the 416th link in the Walgreen drug chain. In its first venture outside the U.S., Walgreen's paid $2,500,000 to Ohio-born Frank Sanborn, 76, for the drugstore he founded 43 years ago with...
...Walgreen's got far more than a drugstore. Sanborn's is now a restaurant. It also sells clothes, furniture, imported perfumes, etc. It is also a wholesale agency for 29 U.S. manufacturers, and has over 1,300 native craftsmen under contract. Total Sanborn income: 20,000,000 pesos ($4,000,000) a year...
...United Drug, for Sontag's miniature department stores, grossing $15,000,000 yearly, are 90% noncompetitive with the 122 Owl Drug Co. stores which United now operates in California. It also marks the first expansion move for United under Dart. When Dart, ex-son-in-law of Walgreen Co.'s Charles R. Walgreen Sr., went to United in 1942 (TIME, May 11, 1942), he started to contract sprawling United. He telescoped three candy and confectionery plants into one and consolidated the company's stationery-manufacturing units, along with purchasing, advertising, financial and accounting work...
...month, Detroit's Cunningham's (chain stores) got about 70% of its July 1943 order. Asked what brands were short, an Atlanta jobber answer replied, "Lady, not to give you a short answer-all of them." Five times in five minutes the cigaret-counter girl at a Walgreen store in Chicago repeated wearily, "We have no name brands." Only in Columbia, S.C. was there an oasis in the cigaret-short South...
Long have United directors cast their eyes in envy at the sweet Walgreen profits. Once they proposed a merger, but Walgreen would have none of it. The latest corporate stirrings came when Life Saver's Edward John Noble, former Under Secretary of Commerce, began to work on a new idea. The idea: to put Walgreen's Justin Dart, then footloose, at the head of the Liggett chain. Noble & associates enlarged their United stockholdings, lined up their friends, put on some pressure. Quietly, and amid seeming satisfaction all around, young Mr. Dart last week stepped in to see what...