Biz: Walgreen’s just bought out NYC’s big drugstore: Duane Reade
- $1B amount Walgreen’s paid to dig its fingers into the NYC market
- 257 number of Duane Reade stores in NYC; it’s the city’s largest chain
- 70 number of Walgreen stores in NYC; they own 7,100 nationwide
- ยป Brand identity: If you’ve ever been in a Duane Reade, you’d probably know it’s a bit different from your average Walgreen’s. Which is why Walgreen’s says they’re not changing the name or the style of the chain right away, and will figure out how to merge the chains later. Smart move. If anything, they should bring elements of Duane Reade to Walgreen’s.
