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.

Opening of second Woolworth store in Harrisburg, Pennsylvania

1879

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.

Opening of first Woolworth store in Utica, New York

1879 Feb 22

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.

Opening of first successful Woolworth store in Lancaster, Pennsylvania

1879 Jun 21

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.

Opening of "5¢ Woolworth Bro's Store" in Scranton, Pennsylvania

1880 Nov 6

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 buys out Frank's share of the Scranton store

1881 Jan

Charles bought out Frank's share of the Scranton store in two installments, making him the company's first franchisee.

Charles partners with Fred Morgan Kirby

1884

Charles partnered with Fred Morgan Kirby on a store in Wilkes-Barre, Pennsylvania, called "Woolworth and Kirby".

Syndicate of affiliated stores operating in the United States and Canada

1904

The syndicate had six chains of affiliated stores operating in the United States and Canada, which began incorporating separately during the next few years.

Commissioning of the Woolworth Building

1910

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.

Merger into F. W. Woolworth Company

1912

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.

Completion of the Woolworth Building

1913

The Woolworth Building was completed and served as the company's headquarters until 1998.

Charles becomes chairman of the board

1919

Following Frank Woolworth's death, Charles took on the role of chairman of the board, and Hubert T. Parson took over the presidency.

Addition of 20-cent merchandise line

1932

The company added a 20-cent line of merchandise, moving away from its strictly "five-and-ten cent" business model.

Discontinuation of selling-price limits

1935 Nov 13

The company's directors decided to discontinue selling-price limits altogether.

Greensboro sit-ins begin

1960 Feb 1

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 Woolco

1962

Woolworth's founded a chain of large, single-floor discount stores called Woolco.

Woolworth purchased Kinney Shoe Corporation

1963

Woolworth expanded into the shoe store business with the purchase of Kinney Shoe Corporation.

Founding of Foot Locker

1974

Foot Locker was founded as part of the Kinney Shoe Corporation.

Woolworth's becomes largest department store chain

1979

Woolworth's became the largest department store chain in the world, according to the Guinness Book of World Records.

British operation separated from parent company

1982

The British operation was separated from the parent company as Woolworths plc.

Woolco chain closed in the United States

1983

The Woolco chain closed in the United States.

John W. Lynn becomes chairman-CEO

1986

John W. Lynn succeeded Gibbons as chairman-CEO.

Restructuring plan announced

1993 Oct 15

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 stores sold to Wal-Mart

1994

Woolco and Woolworth survived in Canada until 1994, when the company sold the majority of the Woolco stores to Wal-Mart.

Farah joins the company as chairman and CEO

1994 Dec

Farah joined the company as chairman and CEO.

Dale W. Hilpert becomes president

1995 May

Hennig was replaced by Dale W. Hilpert as president.

Acquisition of Eastbay

1997 Jan 30

The company acquired the mail order catalog athletic retailer Eastbay.

Wal-Mart replaces Woolworth's in Dow Jones

1997 Mar 17

Wal-Mart replaced Woolworth's as a component of the Dow Jones Industrial Average.

Closure of remaining department stores and renaming to Venator

1997 Jul 17

Woolworth's announced that it would be closing its remaining department stores in the United States and changed its corporate name to Venator.

German unit of F.W. Woolworth operated independently

1998

Deutsche Woolworth GmbH & Company OHG, the German unit of F.W. Woolworth has operated independently since 1998.

Venator moved from the Woolworth Building

1999

Venator moved from the Woolworth Building in New York City to offices on 34th Street.

Renamed to Foot Locker, Inc.

2001 Oct 20

The company changed names again, taking the name of its top retail performer and became Foot Locker, Inc.

Closure of British Woolworths stores

2009 Jan 6

The remaining British Woolworths stores closed, with the loss of almost 30,000 jobs.

Civil rights museum grand opening

2010 Feb 1

The civil rights museum had its grand opening on Monday, February 1, 2010, the 50th anniversary of the beginning of the sit-ins.

Centennial celebration on New York Stock Exchange

2012 Jun 26

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.

Opening of second Woolworth store in Harrisburg, Pennsylvania

Opening of first Woolworth store in Utica, New York

Opening of first successful Woolworth store in Lancaster, Pennsylvania

Opening of "5¢ Woolworth Bro's Store" in Scranton, Pennsylvania

Charles buys out Frank's share of the Scranton store

Charles partners with Fred Morgan Kirby

Syndicate of affiliated stores operating in the United States and Canada

Commissioning of the Woolworth Building

Merger into F. W. Woolworth Company

Completion of the Woolworth Building

Charles becomes chairman of the board

Addition of 20-cent merchandise line

Discontinuation of selling-price limits

Greensboro sit-ins begin

Woolworth's founded Woolco

Woolworth purchased Kinney Shoe Corporation

Founding of Foot Locker

Woolworth's becomes largest department store chain

British operation separated from parent company

Woolco chain closed in the United States

John W. Lynn becomes chairman-CEO

Restructuring plan announced

Woolco stores sold to Wal-Mart

Farah joins the company as chairman and CEO

Dale W. Hilpert becomes president

Acquisition of Eastbay

Wal-Mart replaces Woolworth's in Dow Jones

Closure of remaining department stores and renaming to Venator

German unit of F.W. Woolworth operated independently

Venator moved from the Woolworth Building

Renamed to Foot Locker, Inc.

Closure of British Woolworths stores

Civil rights museum grand opening

Centennial celebration on New York Stock Exchange

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