Charles R. Walgreen Sr. (1873–1939) was an American pharmacist and entrepreneur who in 1901 bought the Chicago drugstore where he worked, thereby founding the Walgreens drugstore chain.
Contents11 sectionsKey facts
Early Life: Birth and Apprenticeship
Walgreen was born on October 9, 1873, on a farm near Galesburg, Illinois, and moved with his family to Dixon in 1887. At the age of 16, he first worked in a drugstore, and he later became an apprentice pharmacist there.[1][2][1]
1893Working in Chicago
In 1893, Walgreen came to Chicago, where he worked as an $18-a-week drugstore clerk and studied pharmacy at night.[1]
1901Buying His First Drugstore
In 1901, Walgreen bought the drugstore where he worked as a pharmacist. Located in Barrett’s Hotel at Cottage Grove and Bowen Avenue on Chicago’s South Side, it was the first Walgreens store.[3][2]
1909Opening a Second Store
In 1909, Walgreen opened a second store, marking the start of the chain’s expansion; by 1913 there were 4 stores, rising to 9 in 1916 and reaching 20 in 1920.[2][1][2]
1928Equal Pay for Pharmacists
In 1928, Walgreen insisted that the company pay Black and white pharmacists the same.[3]
1929Stores Reach 525
By 1929, Walgreens had reached 525 stores and had entered major markets including New York City and Florida.[2]
1937Gift to the University of Chicago
In 1937, Walgreen donated $550,000 to the University of Chicago to establish the Charles R. Walgreen Foundation for the Study of American Institutions, for research and instruction in American institutions.[2][4]
1939Stepping Down as President
In the summer of 1939, Walgreen resigned as president of Walgreen Co. and became chairman of the board, and his son Charles R. Walgreen Jr. succeeded him as president.[4][1]
December 11, 1939Death
On December 11, 1939, Walgreen died at his home in Chicago at the age of 66.[4][5]
Business Practices
After taking over his first store, Walgreen installed bright new lights, widened the aisles, broadened the selection of merchandise, kept prices fair, and personally greeted every customer.[2][2]