Woolworth Co.

Woolworth Co. extract from Britannica Online.

Historic U.S. merchandising company. F.W. Woolworth (1852–1919) founded his first “five- and ten-cent” store in 1879. By 1904 there were 120 stores in 21 states. The company's New York headquarters, the Woolworth building (completed 1913), was the world's tallest skyscraper from 1913 to 1930. By 1929 Woolworth had about 2,250 outlets. Its stores continued to proliferate in the U.S. and Britain, and it acquired other chains dealing in sportswear, shoes, and children's wear. From 1992 it began closing hundreds of stores and selling off subsidiaries; in 1998 it changed its name to Venator Group, Inc., and announced its intention to focus on sporting goods. In 2001 the company name was changed to Foot Locker, Inc.

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