DRUG CHAINS OPTIMISTIC AT FINANCIAL CONFERENCE

NEW YORK -- Two of the nation's leading drug store chains presented a bullish outlook for their companies and the industry at a recent financial conference here.Mark Wagner, vice president and treasurer, Walgreen Co., Deerfield, Ill., said the chain will continue opening a new store every 18 hours -- often in a competitor's neighborhood in retirement-friendly states -- to "chip away" at the competition."It's

NEW YORK -- Two of the nation's leading drug store chains presented a bullish outlook for their companies and the industry at a recent financial conference here.

Mark Wagner, vice president and treasurer, Walgreen Co., Deerfield, Ill., said the chain will continue opening a new store every 18 hours -- often in a competitor's neighborhood in retirement-friendly states -- to "chip away" at the competition.

"It's almost like water on a rock. It's a slow process, but eventually we

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