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http://www.startribune.com/business/81324852.html?page=2&c=y Page 1 of 3 <br /> a3S arrD-5-4, <br /> GET THE LATEST NEVUS. <br /> StarTribunecom <br /> http://startribune.come;. <br /> Snyders Drug Stores sold to in terms of access to different vendors, in <br /> Walgreens market presence or from the standpoint of <br /> marketing, merchandising and operations." <br /> It began in 1928 as a cigar and tobacco shop <br /> in downtown Minneapolis, but Snyder Drug The Snyders name may not disappear <br /> Stores eventually grew into the corner store completely. Seven independently owned <br /> and pharmacy of choice for generations of franchise stores in Minnesota and 18 in other s <br /> Minnesotans. tates will have the option to continue <br /> operating under the Snyder's name, Morin <br /> But as competition mounted in recent years said. <br /> from national pharmacy retailers as well as <br /> grocers and discount chains, Snyders saw its Snyders employees were told the news <br /> Tuesday. Several workers who didn't want <br /> stores steadily dwindle. On Wednesday, <br /> Walgreen Co. said it is buying the remaining their names used told the Star Tribune that <br /> 25 company-owned stores in Minnesota, they didn't yet have information on whether <br /> officially ending Snyders' glory days. their store would remain open or whether <br /> they would still have jobs. <br /> Some of the stores will remain in business <br /> under the Walgreens name, but a "significant More than 300 are union-represented <br /> number"will close, Snyders spokesman workers in the Twin Cities, according to <br /> Michael Morin said. The last prescriptions will Bernie Hess, an organizer with St. Paul's <br /> be filled at Snyders stores on Jan. 21. United Food and Commercial Workers Local <br /> Prescription and customer information then 789, which represents about half of them. <br /> will be transferred to Walgreens. <br /> Hess criticized Snyders for failing to give <br /> "The reality of specialty retail is that if you're workers 60 days' notice under the federal <br /> not No. 1 or No. 2,you're not going to be Worker Adjustment and Retraining <br /> around," said Love Goel, CEO of Minnetonka- Notification Act and for putting workers at <br /> based private equity firm GVG Capital Group. risk of losing health care benefits. <br /> "Walgreens and CVS dominate-- and e <br /> ventually,the others will evaporate or be "They're morally obligated to give these folks <br /> more than a week's notice," Hess said. "We're <br /> consumed by these guys. They can't compete <br /> Advertisement <br /> DON'T DELAY - <br /> Get Proven, Proactive LifeLock. <br /> #1 In Identity Theft Protection <br /> Identity Theft Protection <br /> CALL NOW 1 -877-670-1746 <br /> Print Powered By tz aynamic1:- <br /> http://www.startribune.com/templates/fdcp?1264106727048 1/21/2010 <br />