How many duane reade

An estranged union of Duane Reade employees runs DwayneGreed. In one dispute, Cuti refused to compromise on a huge store-top billboard that irritated neighbors in Rockaway, and even sued an artist who took out a negative ad in the local paper.

The central conundrum of New York retail is that you pay gobs of money for space but you can mark up a bottle of soda only so much. To compete against 5,store giants in an unsentimental real-estate market where the highest bidder, not the local kid, gets the lease, Cuti has to be smart enough to pick the right locations but flexible enough to use whatever spaces he can get. Satisfying the first part of that formula is easy in theory. Generally, a store needs 25, people who will use it as their primary source of pharmacy and beauty products, Cuti says.

When the company considers a location, the marketing department sets up electronic beams or hand counters to tally the number of people who pass by at various times and in different weather conditions. Finding affordable spaces in these prime areas requires Cuti to be a bit more creative.

While most pharmacy chains run in fear from multi-floor, non-box layouts, he embraces them. Forty-nine of his stores have two floors, and they come as small as a studio apartment under square feet and as large as a suburban supermarket a 17,square-foot box in Flatlands, Brooklyn. The payoff for flexibility is significantly lower rent. Take 4 Times Square, where in mid Duane Reade signed a lease for 3, square feet on the street and 9, below.

With a subterranean location, less-than-hot neighborhood the jury was still out on Times Square , and a lease shorter than the usual fifteen years, it was the kind of ugly duckling only Cuti could love. Click here to read our vision. How many stores do you have? As of August 31, , Walgreens operates approximately 9, drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.

Virgin Islands, along with its omnichannel business, Walgreens. See our store count by state. How many customers does Walgreens interact with daily? Walgreens interacts with approximately 8 million customers in its stores and online each day. Contact Sasha Jones. Tags Retail Subleasing walgreens.

Related Articles. Irish retailer Primark takes 70K sf at City Point. Burlington opening eighth Long Island store as it doubles locations. Luxury Swiss watchmaker clocks SoHo lease for move downtown. What 3 big mall bankruptcies say about the state of retail. After 7 years of vacancy, landlord fills Walmart cavity with wholesaler.

Mall owner Pyramid Management reaches settlement on defaulted loan. City law protecting commercial tenants faces test in appeals court. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Founded in by the brothers Abraham, Eli, and Jack Cohen, Duane Reade started as a three-store health-and-beauty chain that took the name of the two streets that bounded its lower-Broadway warehouse.

Since Cuti took over, Duane Reade has grown from 59 to stores, the most of any drugstore chain in the city. Your email address will not be published.

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