Content about Duane Reade

NEW YORK — Manhattan-based pharmacy retailer Duane Reade has confirmed plans to relocate its corporate headquarters to 40 Wall St., which is already home to its mega flagship store.

The company’s current lease at its corporate headquarters at 440 Ninth Ave. was nearing its August expiration so the retailer, which is owned by Walgreens, began searching for a new space.

Whether it’s creating beachy waves, sexy curls or modern ponytails, women aren’t shying away from styling their best fashion accessory: hair. 


Sales of styling products are on the upswing, according to the data provided by SymphonyIRI. The market research firm reported that for the 52 weeks ended Nov. 27 at food, drug and mass (excluding Walmart), sales of hair spray/spritz rose just shy of 1% to about $418.8 million, while sales of hair-styling gel/mousse rose 1.8% to about $642.7 million.


WHAT IT MEANS AND WHY IT'S IMPORTANT — The unveiling of Duane Reade’s transformed store located at 52nd and Broadway is important, as it clearly illustrates the retailer’s continued rebranding and aggressive transformation initiatives, and serves as the latest example of how the retailer is changing the way consumers shop drug stores for consumables.

TAMPA, Fla. — Hair care brand Not Your Mother’s has announced that it is adding more than 7,500 new retail outlets to its distribution in January.

October sure was a busy month for news in the drug channel. It began in earnest on Oct. 1, the day CVS’ new president officially began his new job. Before the month was over, CVS’ chief merchant left to become president of Family Dollar, and his responsibilities would be carved up between three key executives.

SUPPLIER NEWS — Maybelline New York has stepped into the lip treatment category with the creation of its new Baby Lips Repairing Lip balm with SPF 20, available at mass market retailers beginning in October. Baby Lips Repairing Lip has a suggested retail price of $3.99 each and comes in six SKUs: Quenched and Peppermint (both clear) and tinted shades called Cherry Me, Pink Punch, Grape Vine and Peach Kiss.


WHAT IT MEANS AND WHY IT’S IMPORTANT — “I wore a baseball cap and sweatshirt and went into some old and new stores,” Walgreens president and CEO Greg Wasson told BusinessWeek about the time in 2009 when he went undercover to check out the competition in Manhattan, for the story that appears in its Sept 30 issue. “The moment I decided we should get serious about buying Duane Reade was after seeing their new Herald Square store. … I said, ‘Duane Reade is creating something new.’ That’s what we were looking to do.”

NEW YORK — Jim Cramer on Thursday shared his bullishness on Walgreens' stock with viewers of his "Mad Money" investment advice program on CNBC during a discussion and personal tour of Walgreens' new flagship location smack in the middle of the money-makers on Wall Street. Cramer's not just a fan of Walgreens stock — he visits that new Duane Reade/Walgreens prototype two to three times per week. That makes it his personal neighborhood drug store.

NEW YORK — Looking to promote its new men’s grooming line, now available chain-wide at Duane Reade, the a|MEN|ity brand set up shop at Duane Reade’s flagship store at 40 Wall St., on Wednesday, to educate men on the brand, hand out samples and offer shaves and mini massages.

DEERFIELD, Ill. — Walgreens has announced that it is now offering immunizations daily at all of its more than 7,700 stores nationwide, including all Duane Reade pharmacies in New York and more than 350 Take Care Clinics.

Flu shots are available daily with no appointment necessary during all pharmacy and clinic hours. New this season, patients who desire a flu shot appointment at any Walgreens may schedule one online at Walgreens.com.


It’s like stepping into a time machine and jumping ahead a decade or more.
 Housed in a historic 1930s property that once was the tallest building in the world, Duane Reade’s newest flagship store at 40 Wall St. in New York — the first co-branded Duane Reade/Walgreens store — offers a glimpse of how retailers will use technology and develop new in-store services to create a much more interactive shopping experience.


NEW YORK — Sally Hershberger Professional Hair Care is launching in August its new Hyper Hydration Super Argan Serum at Ulta and at select Duane Reade and Ricky's NYC locations.

This treatment penetrates the hair to deliver instantly smooth and defined frizz-free style without weight or residue, the company stated. This multipurpose serum can be used to fight frizz, smooth hair, protect again sun damage and even as a deep-condition treatment to hydrate dry hair.