Privately owned Duane Reade Holding Corp. is the holding company for Duane Reade Drug Store Co., the largest drugstore chain in New York City's borough of Manhattan. Selling brand-name goods at low prices from its small but heavily trafficked outlets, Duane Reade had, by 1990, achieved probably the highest sales ratio per square foot of any drugstore chain in the U.S. Its profit margins were said to be the envy of the industry. During the early and mid-1990s Duane Reade increased the number of its outlets and began emphasizing higher-end products such as cosmetics. Of its 60 stores in early 1997, 54 were in Manhattan.
source:www.fundinguniverse.com
