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Drug Store Wars in Chicago?

CHICAGO - CVS enters the market, Walgreens prepares for the battle by accelerating its expansion.

By Bonnie Grota | Updated on August 11, 2000

Woonsocket, RI-based CVS Corp., parent company of CVS/pharmacy, announced this spring that it would enter the Chicago market, and this week it was reported that CVS would open its first downtown store in late November in about 10,000 sf on the first floor of 175 W. Jackson Blvd.

CVS describes itself as the “number one drugstore chain in the country” with 4,100 stores in the Northeast, Mid-Atlantic, Southeast and Midwest. It also calls itself the nationÕs largest pharmacy.However, hometown drugstore Walgreens (Deerfield, IL) calls itself the nationÕs largest drugstore chain with fiscal 1999 sales of $17.8 billion. Spokesperson Michael Polzin told GlobeSt.com that Walgreens currently operates 3,100 stores nationwide and will open 450 stores this year. Walgreens operates about 115 stores within the boundaries of the city of Chicago.

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