F. W. Woolworth Company
F. W. Woolworth Company, pioneering five-and-dime store chain, founded in 1879, that shaped modern retail before its decline and rebranding as Foot Locker, Inc.
F. W. Woolworth Company, pioneering five-and-dime store chain, founded in 1879, that shaped modern retail before its decline and rebranding as Foot Locker, Inc.
Charles Sumner Woolworth joined his brother in the business and managed the second Woolworth store in Harrisburg, Pennsylvania. The store closed due to a dispute with the landlord.
Frank Winfield Woolworth opened the first Woolworth store in Utica, New York, named "Woolworth's Great Five Cent Store." Despite initial appearances of success, the store soon failed.
Frank Winfield Woolworth opened his first successful "Woolworth's Great Five Cent Store" in Lancaster, Pennsylvania, using the sign from the failed Utica store. He later brought his brother, Charles Sumner Woolworth, into the business.
The "5¢ Woolworth Bro's Store" opened in Scranton, Pennsylvania, with Charles as manager. The "5¢ & 10¢" merchandising model was fully developed at this location, and the store proved a success.
Charles bought out Frank's share of the Scranton store in two installments, making him the company's first franchisee.
Charles partnered with Fred Morgan Kirby on a store in Wilkes-Barre, Pennsylvania, called "Woolworth and Kirby".
The syndicate had six chains of affiliated stores operating in the United States and Canada, which began incorporating separately during the next few years.
Frank Woolworth commissioned the design and construction of the Woolworth Building in New York City, which was designed by Cass Gilbert. The building was paid for entirely in cash.
All 596 stores merged into one corporate entity under the name "F. W. Woolworth Company". Frank Woolworth served as president; Charles Woolworth, Fred Kirby, Seymour H. Knox I, Earle Charlton, and William Moore each became a director and vice president.
The Woolworth Building was completed and served as the company's headquarters until 1998.
Following Frank Woolworth's death, Charles took on the role of chairman of the board, and Hubert T. Parson took over the presidency.
The company added a 20-cent line of merchandise, moving away from its strictly "five-and-ten cent" business model.
The company's directors decided to discontinue selling-price limits altogether.
A Woolworth's lunch counter in Greensboro, North Carolina, became the site of the Greensboro sit-ins, protesting the company's racial segregation policies in the South.
Woolworth's founded a chain of large, single-floor discount stores called Woolco.
Woolworth expanded into the shoe store business with the purchase of Kinney Shoe Corporation.
Foot Locker was founded as part of the Kinney Shoe Corporation.
Woolworth's became the largest department store chain in the world, according to the Guinness Book of World Records.
The British operation was separated from the parent company as Woolworths plc.
The Woolco chain closed in the United States.
John W. Lynn succeeded Gibbons as chairman-CEO.
Woolworth's embarked on a restructuring plan that included closing half of its general merchandise stores in the United States and converting its Canadian stores to The Bargain! Shop.
Woolco and Woolworth survived in Canada until 1994, when the company sold the majority of the Woolco stores to Wal-Mart.
Farah joined the company as chairman and CEO.
Hennig was replaced by Dale W. Hilpert as president.
The company acquired the mail order catalog athletic retailer Eastbay.
Wal-Mart replaced Woolworth's as a component of the Dow Jones Industrial Average.
Woolworth's announced that it would be closing its remaining department stores in the United States and changed its corporate name to Venator.
Deutsche Woolworth GmbH & Company OHG, the German unit of F.W. Woolworth has operated independently since 1998.
Venator moved from the Woolworth Building in New York City to offices on 34th Street.
The company changed names again, taking the name of its top retail performer and became Foot Locker, Inc.
The remaining British Woolworths stores closed, with the loss of almost 30,000 jobs.
The civil rights museum had its grand opening on Monday, February 1, 2010, the 50th anniversary of the beginning of the sit-ins.
A news release featured a 1912 Woolworth's store and a 2012 Foot Locker store as part of celebrating F. W. Woolworth's centennial on the New York Stock Exchange.
F. W. Woolworth Company, pioneering five-and-dime store chain, founded in 1879, that shaped modern retail before its decline and rebranding as Foot Locker, Inc.
Charles Sumner Woolworth joined his brother in the business and managed the second Woolworth store in Harrisburg, Pennsylvania. The store closed due to a dispute with the landlord.
Frank Winfield Woolworth opened the first Woolworth store in Utica, New York, named "Woolworth's Great Five Cent Store." Despite initial appearances of success, the store soon failed.
Frank Winfield Woolworth opened his first successful "Woolworth's Great Five Cent Store" in Lancaster, Pennsylvania, using the sign from the failed Utica store. He later brought his brother, Charles Sumner Woolworth, into the business.
The "5¢ Woolworth Bro's Store" opened in Scranton, Pennsylvania, with Charles as manager. The "5¢ & 10¢" merchandising model was fully developed at this location, and the store proved a success.
Charles bought out Frank's share of the Scranton store in two installments, making him the company's first franchisee.
Charles partnered with Fred Morgan Kirby on a store in Wilkes-Barre, Pennsylvania, called "Woolworth and Kirby".
The syndicate had six chains of affiliated stores operating in the United States and Canada, which began incorporating separately during the next few years.
Frank Woolworth commissioned the design and construction of the Woolworth Building in New York City, which was designed by Cass Gilbert. The building was paid for entirely in cash.
All 596 stores merged into one corporate entity under the name "F. W. Woolworth Company". Frank Woolworth served as president; Charles Woolworth, Fred Kirby, Seymour H. Knox I, Earle Charlton, and William Moore each became a director and vice president.
The Woolworth Building was completed and served as the company's headquarters until 1998.
Following Frank Woolworth's death, Charles took on the role of chairman of the board, and Hubert T. Parson took over the presidency.
The company added a 20-cent line of merchandise, moving away from its strictly "five-and-ten cent" business model.
The company's directors decided to discontinue selling-price limits altogether.
A Woolworth's lunch counter in Greensboro, North Carolina, became the site of the Greensboro sit-ins, protesting the company's racial segregation policies in the South.
Woolworth's founded a chain of large, single-floor discount stores called Woolco.
Woolworth expanded into the shoe store business with the purchase of Kinney Shoe Corporation.
Foot Locker was founded as part of the Kinney Shoe Corporation.
Woolworth's became the largest department store chain in the world, according to the Guinness Book of World Records.
The British operation was separated from the parent company as Woolworths plc.
The Woolco chain closed in the United States.
John W. Lynn succeeded Gibbons as chairman-CEO.
Woolworth's embarked on a restructuring plan that included closing half of its general merchandise stores in the United States and converting its Canadian stores to The Bargain! Shop.
Woolco and Woolworth survived in Canada until 1994, when the company sold the majority of the Woolco stores to Wal-Mart.
Farah joined the company as chairman and CEO.
Hennig was replaced by Dale W. Hilpert as president.
The company acquired the mail order catalog athletic retailer Eastbay.
Wal-Mart replaced Woolworth's as a component of the Dow Jones Industrial Average.
Woolworth's announced that it would be closing its remaining department stores in the United States and changed its corporate name to Venator.
Deutsche Woolworth GmbH & Company OHG, the German unit of F.W. Woolworth has operated independently since 1998.
Venator moved from the Woolworth Building in New York City to offices on 34th Street.
The company changed names again, taking the name of its top retail performer and became Foot Locker, Inc.
The remaining British Woolworths stores closed, with the loss of almost 30,000 jobs.
The civil rights museum had its grand opening on Monday, February 1, 2010, the 50th anniversary of the beginning of the sit-ins.
A news release featured a 1912 Woolworth's store and a 2012 Foot Locker store as part of celebrating F. W. Woolworth's centennial on the New York Stock Exchange.
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