June 24, 2008 |
Drugstore chain Walgreen Co. said Monday that its fiscal third-quarter profit rose 2% as it focused on cost control and maintained a rapid expansion pace in a difficult retail environment. Despite the modest gain, the results were slightly short of Wall Street expectations and Walgreen shares fell back after initially climbing nearly 3%. Overall, however, analysts said the Deerfield, Ill.-based company's cost discipline and continued advances in a weak economy showed it had turned a corner after recent sluggishness.
CALIFORNIA | LOCAL
January 30, 1998 |
Plans by Walgreen Co. to build a 24-hour drive-thru pharmacy in Canoga Park got a warm reception from members of Councilwoman Laura Chick's Neighborhood Planning Advisory Council. Although some members had concerns about lighting and the safety of drugstore employees during night hours, the panel overwhelmingly supported the project at a meeting Wednesday night, said Ken Bernstein, Chick's planning deputy.