Monday, October 26, 2009

Who Doesn't Remember Woolworth's



Vintage Green And Blue Floral F.W. Woolworth Nylon Scarf

 

The F. W. Woolworth Company

(often referred to as Woolworth's) was a retail company that was one of the original American five-and-dime stores.  The first Woolworth's store was founded, with a loan of $300, in 1878 by Frank Winfield Woolworth. Despite growing to be one of the largest retail chains in the world through most of the 20th century, increased competition led to its decline beginning in the 1980s. In 1997, F. W. Woolworth Company converted itself into a sporting goods retailer, closing its remaining retail stores operating under the "Woolworth's" brand name and renaming itself Venator Group. By 2001, the company focused exclusively on the sporting goods market, changing its name to the present Foot Locker Inc.

By Woolworth’s 100th anniversary in 1979, it had become the largest department store chain in the world, according to the Guinness Book of World Records.

 


1 comment:

propriatress said...

I am a huge Woolworth's fan! I still have many items I bought from them, including my legendary blue hair brush I bought at the Napa store on Main street more than 40 years ago.

Your scarf is so pretty too! Blue and Green is my new favorite color combo.