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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.
A variety store (also five and dime (historic), pound shop, or dollar store) is a retail store that sells general merchandise, such as apparel, auto parts, dry goods, toys, hardware, furniture, and a selection of groceries. It usually sells them at discounted prices, sometimes at one or several fixed price points, such as one dollar, or ...
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.
Woolworths stores began selling a variety of goods, claiming the lowest prices as well as money back guarantees. [7] At the forefront of retail innovation in Australia, Woolworths stores became the first variety store in the world to install receipt printing cash register machines in 1926. [8]
The store's success led the Potters and other members of their business — known as UTBW, which stands for Used To Be Woolworth's — to open eight other stores around the U.S. with similar ...
W.T. Grant – went bankrupt in 1976; more a small scale department store than a 5 and 10 variety store Woolco – big box store version of Woolworth – owned by F.W. Woolworth Zody's
Well-dressed children watch toys in the shop window of a department store displaying Christmas decorations on December 11, 1946. AFP - Getty Images F.W. Woolworth Company: 1947
Woolworths Variety – The name given to the company's traditional variety stores to differentiate them from the company's food-retailing interests, when the decision was made to use the original Woolworths name for the company's food stores and supermarkets instead of its variety stores. These variety stores were progressively divested as ...