Duane Reade lays plans to create a profit hub with central-fill facilities

As an international student, at the very beginning of the last class when I heard something about Duane Reade, I did not know what it was. After class, I learned that Duane Reade is the largest drug store in New York. Founded in 1960, the chain started with three stores, named after the location of the company's warehouse between Duane and Reade Streets on Broadway in lower Manhanttan. It completed its initial public offering (IPO) on February 10, 1998. It traded on the New York Stock Exchange under the ticker symbol DRD until August 2, 2004, when it was acquired by Oak Hill Capital Partners and taken private.
I have searched some articles about Duane Reade. “Duane Reade lays plans to create a profit hub with central-fill facilities” is a very meaningful one. Duane Reade has expended or initiated several programs designed to enhance the profitability of the pharmacy and to make the practice of pharmacy more satisfying to its pharmacists. The central-fill is set up so that some of the work flow for processing and filling scripts can be routed to select remote stores in an integrated system. Duane Reade hopes to have transformed other select stores, primarily low volume sores that have not reached peak capacity, into central-fill/ central-processing hubs that can handle stores in other Duance Reade markets. This system will make Duance Reade working more effective.
I think that some stock buyers and shareholders will be very interested in this article because it’s talking about the stock price.

Reference:
Link: http://findarticles.com/p/articles/mi_m3374/is_11_23/ai_77579198
Author: Liz Parks