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The F. W. Woolworth Company (often referred to as Woolworth's or simply Woolworth) was a retail company and one of the pioneers of the five-and-dime store.It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores follow worldwide today.
Woolworths Food Company, or Woolworths FoodCo, is the division responsible for developing new product categories, improving fresh meat supply and processing facilities, and developing strategic sourcing relationships with Woolworths’ primary industry partners. [15] It produces the Woolworths 'Woolworths Own and Exclusive' Private label products.
Divisions and namesakes of the American F. W. Woolworth Company, and divisions of Woolworths Group (Australia).. Similar namesake companies in South Africa and Australia were legally named after the Woolworth company as permitted by the trademark laws of the period, but never had any financial connection to the original F. W. Woolworth Company.
Woolworths did not generally follow the trend started in the 1980s of opening stores at out-of-town relocations. One of its few out-of-town stores opened at Dudley's Merry Hill Shopping Centre in 1989, but this closed within a few years due to disappointing trade. Woolworths became well known for its "pick 'n' mix" sweet selections.
Frank Winfield Woolworth (April 13, 1852 – April 8, 1919) was an American entrepreneur, the founder of F. W. Woolworth Company, and the operator of variety stores known as "Five-and-Dimes" (5- and 10-cent stores or dime stores) which featured a selection of low-priced merchandise.
The company was founded in 1982 as Paternoster Stores Ltd, to conduct a buyout of the British Woolworths chain. In March 1983, Paternoster changed its name to Woolworth Holdings plc. [9] Woolworths already owned B&Q, and the company expanded through subsequent acquisitions of companies such as Superdrug and Comet. [9]
Woolworths Supermarkets (colloquially known as "Woolies") is an Australian chain of supermarkets and grocery stores owned by Woolworths Group.Founded in 1924, Woolworths is currently Australia's largest supermarket chain with a market share of 32.5% as of 2023.
In 1957, Woolworths began to diversify from variety retailing when it opened its first food store at Dee Why, Sydney. [8] The company further diversified in 1960, opening it first purpose-built supermarket at Warrawong, [9] purchasing the Rockmans chain of women's clothing stores [10] and commencing selling liquor at some outlets.