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Duane Reade is the Big Apple of drugstores. Named after the two streets where its first store was located, the company is the market leader in densely-populated Manhattan. In all, the firm operates about 240 stores in New York and about a dozen in New Jersey. About 60% of the stores are in high-traffic Manhattan (giving the firm more sales per square foot than any other US drugstore chain). Duane Reade's stores vary greatly in size (500 to 12,700 sq. ft.). The company sells prescription drugs, but more than 50% of sales come from items such as over-the-counter medications, food and beverages, and health and beauty aids. Duane Reade is owned by the private equity group Oak Hill Capital Partners.
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Address: |
440 9th Ave.
New York, NY 10001
| | Phone: | 212-273-5700 | | Fax: | 212-244-6527 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2007): | 1686.80 M | | Revenue Growth (1 yr): | 6.40% | | Employees (2007): | 6,700 | | Employee Growth (1 yr): | 9.80% |
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Key People
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Chairman and CEO:
John A. Lederer
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SVP and CFO:
John K. Henry
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VP and CIO:
Marc Saffer
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