Biography:Frank Winfield Woolworth was an American entrepreneur, founding the F. W. Woolworth Company and operating a number of stores known as "Five-and-Dimes." He went from playing make-believe stores with his brother in childhood to owning 1,000 stores at the time of his death.
He was a pioneer in retail, initiating the practice of buying merchandise from manufacturers and having set prices rather than haggling. Woolworth was also the first to use self-service display cases rather than having customers rely entirely on sales clerks.
Born:April 13, 1852 Birthplace:Rodman, New York, USA Star Sign:Aries
1879-02-22 First "Woolworth's Great Five Cent Store" opened by Frank Winfield Woolworth in Utica, New York. It fails almost immediately.
1879-06-21 Frank Winfield Woolworth opens his 1st successful "Woolworth's Great Five Cent Store" on North Queen Street, Lancaster, Pennsylvania
1913-04-24 The Woolworth Building opened in New York City by Frank Winfield Woolworth at a cost of $13.5 million, at 792 feet then the world's tallest building
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