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Walgreens (NYSE: WAG (http://www.nyse.com/about/listed/lcddata.html?ticker=WAG)) is a convenience store and pharmacy chain in the United States that operates approximately 5,000 stores throughout the US and Puerto Rico. It was founded in Chicago, Illinois in 1901. It has since expanded throughout the United States. Its headquarters is now located in Deerfield, Illinois, a suburb of Chicago. CVS/pharmacy is one of its primary competitors.
This chain started out as a drug store with a fanatically customer-oriented owner, Charles R. Walgreen, Sr., whose theories of low prices and good service allowed the company to spread and set what are considered some of the first modern chain store standards. When still a single store, Walgreen prided himself in having drug prescriptions delivered to customers before they were off the phone from calling the order in.
It also is reputed to have helped spread the Banana Split, which it adopted as its signature dish (drug stores often having, at that time, a soda counter), and even takes credit for inventing, through Ivar "Pop" Coulson in 1922, the malted milkshake. Walgreens also features hot food, unusual among drug stores.
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