Woolworth, Frank Winfield

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Woolworth, Frank Winfield,

1852–1919, American merchant, b. Rodman, N.Y. He established in 1879 a five-cent store at Utica, N.Y., which failed, and the same year he started a successful five-and-ten-cent store at Lancaster, Pa. Woolworth opened many others and soon extended business throughout the United States and to several foreign countries. In 1911 the F. W. Woolworth Company was incorporated with ownership of over 1,000 five-and-tens, and he became director of various financial firms. (The last Woolworth stores were closed in 1998.) Woolworth had the Woolworth Building erected in New York City in 1913, the highest building in the world (792 ft/241.4 m) at that time.

Bibliography

See J. K. Winkler, Five and Ten (1940, repr. 1970); J. P. Nichols, Skyline Queen and the Merchant Prince (1973); K. Plunkett-Powell, Remembering Woolworth's (1999).

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Frank Woolworth died in 1919, aged 66, just after the company issued a souvenir booklet celebrating its 40th anniversary and 1,078 stores in the United State and Canada.
It was Frank Woolworth, of the famous chain store, who inspired the decoration craze for ordinary homes.
This week, Harry thinks that a new store about to be opened by Frank Woolworth could threaten his empire, so decides to cut Selfridge's prices in a bid to keep people coming through the door.
1852: Frank Woolworth, founder of store, was Yo "When I started in 1981 or 1982, there was the South Shields shop and the Grainger Street shop in Newcastle had just opened," she recalls.
5), originally commissioned by Frank Woolworth for his daughter, Barbara Hutton, and more recently owned by the late fitness entrepreneur Lucille Roberts.
Founder Frank Woolworth put the success down to "the great buying power that allows us to drive prices lower by helping factories to make their goods more cheaply".
The group was started in the US by Frank Woolworth in 1879, who priced everything at five cents.
Founder Frank Woolworth put his success down to "the great buying power that allows us to drive prices lower".
The variety store appeared first at the turn of the 19th century, the brainchild of Frank Woolworth, who correctly thought that he could lure customers with a store that offered merchandise costing no more than five cents.
In 1912, having already expanded to the United Kingdom, Frank Woolworth orchestrated what came to be known as "the great $65 million merger," bringing in four other retailers that were doing business in a similar format to form a 596-unit, coast-to-coast chain with annual sales of more than $60 million.
In 1912 founder Frank Woolworth, dubbed "the Napoleon of Commerce," had doubled the size of his three hundred--store firm by merging with separate but allied chains operated by his brother Charles Sumner, their cousin Seymour Knox, Charles's friend Fred Kirby, and former traveling salesman Earle Charlton--Yankees who had met one another in northern New York.
The building, which totals 54 stories and more than 855,000 square feet, was commissioned by Woolworth's founder Frank Woolworth as the retailer's new corporate headquarters.