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News Release: Walgreens seeks to optimize its real estate

National pharmacy/retailer has big plans for delivering healthcare services

By John B. Mugford

Joe Brady, divisional VP of real estate with Walgreens, discussed Walgreens’ ongoing efforts to provide new services and products in its stores during the International Council of Shopping Centers (ICSC) RECon convention May 19-22 in Las Vegas. (Photo courtesy of ICSC)





After all, the company, operates a network of 9,653 stores in all 50 states and Washington, D.C., that are primarily focused on its pharmacy business as well as selling healthcare and beauty products.

Astonishingly, its network of stores are within 5 miles of 80 percent of the country’s population.

“Everyone here knows the (retail) world is changing,” said Joe Brady, divisional VP of real estate with Walgreens. “So when we think about our fleet of stores, we think about the square footage that we have and we’ve built, and part of what we’re thinking about is how can we optimize that.”

Walgreens is looking to optimize its square footage by

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