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Issue 03-01-2010

Duane Reade’s makeover wins suitor

Duane Reade would have been much less attractive to a buyer just a year ago. But the past 12 months have seen the rollout of new and remodeled drug stores that bear little resemblance to the chain’s drab older units. THE WALGREENS/ DUANE READE DEAL New and renovated outlets sport an updated

Walgreens’ approach to growth evolves

Walgreen Co. grew from about 1,300 outlets in 1986 to more than 4,000 in 2003, all without making any major acquisitions. THE WALGREENS/ DUANE READE DEAL Before that Walgreens had used the purchase of small and midsize drug store chains as part of its growth strategy.

CVS makes debut in Puerto Rico

CVS Caremark Corp. opened two stores on this Caribbean island last month, marking the first of what it says will be nine drug stores in yet another new market for the company. The two units — one here in this San Juan suburb and one in San Juan itself — officially

Walgreens reenergized under Wasson

To those who have come to know and admire Greg Wasson, the just-announced Walgreens acquisition of Duane Reade comes as no surprise. Indeed, in the year that has passed since Wasson was named chief executive officer of the Walgreen Co., he has thrown off surprises and excitement like a pinwheel.