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

📆 8/13/2019 5:32 PM
📰 TheOnion

⏱ Reading Time:
1 sec. here
2 min. at publisher
📊 Quality Score:
News: 4%
Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong airport shutdown: What it means for business and the economyAuthorities in Hong Kong canceled nearly 200 flights Monday because of a major protest at the city's international airport. That's terrible news for companies operating in the financial hub. The people of Hong Kong have NO 2nd amendment protections to keep them safe from Communist 🇨🇳 China or its tanks A whole article and not one mention of the REASON people are protesting? Of what they are fighting to change in their society? deray This is like that satirical news segment from The Onion where a gas explosion killed several people, but instead of mourning the people, they mourned the gas itself!
Source: CNN - 🏆 4. / 95 Read more »