Drugstore chain Walgreens has posted record figures for the year ended August 31, with sales rising 7.3% to reach $63.3bn (£39.76bn).

Net earnings for 2008/09 were $2.01bn (£1.26bn) reflecting a 7% decrease from the previous year.

The retailer, famed for its rapid expansion, now wants to slow the pace of store openings. Walgreens chief executive Greg Wasson said: “We’re now balancing the pace of new store openings with other growth opportunities.”

Walgreens also plans to bring back beer and wine to most of its 7,000 stores in a bid to increase traffic.