Corporation Proud Of Origins As Small Business That Would Never Survive In Modern Economy

📆 13-08-19 19:32:00
📰 TheOnion

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DEERFIELD, IL—Touting its foundational values of hard work, honesty, and integrity, drugstore giant Walgreens confirmed Wednesday it is proud of its origins as a small business that in today’s economy would absolutely never have been able to get off the ground. “Here at Walgreens, we still live by the same commitment to customer service preached by Charles Walgreen when he opened his first store back in 1901,” said company president Alex Gourlay, referring to the miniscule, independent pharmacy that, if opened in the modern era, would quickly be crushed by the present-day Walgreens and other retail chains whose outsized bargaining power allows them to squeeze out would-be competitors at will. “Just like Charles, we take great pride in everything we do. We now have more than 8,000 locations, but in many ways, we’re still that same little shop on the corner [that in the current market would be boarded up within 12 months, leaving its bankrupt owner hundreds of thousands of dollars in debt].” Gourlay added that each Walgreens store sees itself as an integral part of the community it serves, in the sense that residents no longer have any other place to shop and are thus completely dependent upon it.

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At first look I thought that was ninja tbh

It's like an underdog story, but it doesn't really matter.

I wonder what Warren Buffet's moat will think about this.

And if they seem to be doing well they get bought out by the mega corp then everything that gave it soul get stripped away.

He probably started his business in a garage

'In 1983 when Johnny Smith was 19, he used the last $20 in his pocket to buy a small diner in the Manhattan area. Today, Johnny's Diner is a billion dollar megacorporation that has choked out every possible competitor.'

Wells Fargo energy

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