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Woolworth, Frank Winfield
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Woolworth, Frank Winfield (1852–1919)

US entrepreneur. He opened his first successful ‘five and dime’ store in Lancaster, Pennsylvania, in 1879, and, together with his brother C S Woolworth (1856–1947), built up a chain of similar stores throughout the USA, Canada, the UK, and Europe.

In 1997 the Woolworth Corporation in the USA announced that it was closing all of its remaining F W Woolworth ‘five and dime’ stores.

Woolworth was born at Rodman, New York, and studied at a nearby business college. In 1879 he opened a ‘five cent’ store in Utica, New York, that failed. When he died, the company had more than 1000 stores in the USA and Canada. The limitation of store prices to five or ten cents was abandoned during World War II. Woolworth left a fortune estimated at $65 million, which in time descended to his granddaughter, Barbara Hutton.
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The Woolworth department store chain took a further step toward collapse Tuesday when a Frankfurt court said it had been placed under administration in Germany three months after its last British store shut down.
German Woolworth stores put in receivership: court by AFP / AFP Global Edition
But it was once a unique and ground-breaking company, whose American founder Frank Winfield Woolworth was one of the first retailers to embrace mass-production to keep prices down.
Final demise of Woolies as UK's first store closes; Poignant ... by Daily Post (Liverpool, England)
The Woolworth name was taken up by stores around the world and, in recent months, the South African branch has been the subject of boycotts over its claimed treatment of workers and attitude to unions.
Stop pulling the Woolies over our eyes by The Mirror (London, England)
 
 
 
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