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Walgreens gets final OK to sell booze at 14 local stores

 IBJ Staff
June 15, 2010
Keywords
Liquor Stores, Pharmacies, Real Estate & Retail, Retail, Retailers
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The Indiana Alcohol & Tobacco Commission voted unanimously Tuesday to allow Walgreens Co. to sell alcohol at 14 stores in Marion County.

Walgreens received preliminary approval on June 7 from the Local Alcoholic Beverage Board of Marion County, which recommended permits for 18 of the 28 stores for which the retail chain was seeking to sell alcohol. Four other Marion County Walgreens are still awaiting approval.

An attorney for the Illinois-based chain said it expected to start selling liquor at the stores within a month of receiving approval. Altogether, Walgreens wants to sell alcohol in 183 stores throughout the state and has received approval for about three-fourths of those locations.

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  • Unbelieveable!
    amazedJune 15, 2010 10:53 PM
    I am surprised it took them this long to get back into the liquor business. If you think about it, if each store does only $100 in sales per day, for 310 days in the year, that's over $5.6MM in sales. Multiply that out by 3-5 times for more realistic averages and you have a paltry sum of $16-28MM in annual sales. Let's say they gross only a conservative %8, all of which goes directly to the bottom line because all of the other overhead is there regardless. Can you say an extra $1.5 MM in earnings?!
    Reply to CommentFlag Comment

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