| • Science | • People | • Locations | • Timeline |
The son of a farmer, Woolworth aspired to be a merchant. He worked for six years in a drygoods store, where he observed a passing fad. Leftover items were priced at five cents and placed on a table. Woolworth liked the idea, so he borrowed $300 to open a store where all items were priced at five cents.
Woolworth's first five-cent store, established in Utica, New York on February 22, 1879, failed within weeks. At his second store, established in Lancaster, Pennsylvania in April 1879, he expanded the concept to include merchandise priced at ten cents. The second store was successful, and Woolworth and his brother, Charles Sumner Woolworth, opened a large number of five-and-ten-cent stores.
In 1911, the F.W. Woolworth Company was incorporated, uniting 586 stores founded by the Woolworth brothers and others.
In 19131913 is a common year starting on Wednesday. click on link for calendar) Events January-March January 30 House of Lords rejects Irish Home Rule Bill February 1 New York City's Grand Central Station opens as the world's largest train station. February 3 Th, Woolworth built the Woolworth BuildingThe 60-story Woolworth Building is one of the oldest and one of the most famous skyscrapers in New York City. After more than ninety years it is still one of the fifty tallest buildings in the USA. Constructed in neo-Gothic style by architect Cass Gilbert in New York CitySkyline, with Statue of Liberty New York, New York" redirects here. For alternate meanings, see New York, New York (disambiguation). New York — officially named City of New York and often called New York City to distinguish it from the state of New York, at a cost of $13.5 million in cash. At the time, it was the tallest building in the world, measuring 792 feet, or 241.4 meters.
Married with three daughters and several grandchildren, his granddaughter Barbara HuttonBarbara Hutton born November 14, 1912 in New York City, United States died May 11, 1979 in Los Angeles, California, was a wealthy American socialite dubbed by the media as the "Poor Little Rich Girl" because of her troubled life. Barbara Hutton was the on would gain much publicity for her lifestyle, squandering more than $50 million.
Woolworth died in April 1919 at the age of 66. At the time, his company owned more than 1,000 stores in the United States and other countries and was a $65 million corporation.
By 19971997 was a common year starting on Wednesday (see link for calendar), and was designated the International Year of the Reef''. Events January January 3 NBC's Today Show Bryant Gumbel signs off for the last time January 8 Mister Rogers receives a star on t, the chain he founded had been reduced to 400 stores. It went out of business on July 17July 17 is the 198th day (199th in leap years) of the year in the Gregorian Calendar, with 167 days remaining. Events 180 Twelve inhabitants of Scillium in North Africa, executed for being Christians. This is the earliest record of Christianity in that pa, 19971997 was a common year starting on Wednesday (see link for calendar), and was designated the International Year of the Reef''. Events January January 3 NBC's Today Show Bryant Gumbel signs off for the last time January 8 Mister Rogers receives a star on t.
The UK stores continued after the US operation failed and now trade as Woolworths.