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The Frank Winfield 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.
Woolworths Supermarkets (colloquially known as "Woolies") is an Australian chain of supermarkets and grocery stores owned by Woolworths Group.Founded in 1924, Woolworths is currently Australia's largest supermarket chain with a market share of 32.5% as of 2023.
Woolworths Metro, styled as simply Metro, is a subsidiary chain of small retail stores owned and operated by Woolworths Supermarkets in Australia. Metro specialises in "grab and go" food, ready made meals , beverages and other goods, as well as a range of in-demand local and imported products.
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.
In 1985 Woolworths Limited successfully acquired the Australian subsidiary of Safeway, Inc. In the agreement, Woolworths Limited acquired all of the Safeway stores and the naming rights in exchange for a 19.99% equity interest in Woolworths Limited. [16] [17] The purchase included 126 stores in Victoria, New South Wales and Queensland. [18]
A year earlier in September 2008, a Consumer magazine survey placed Countdown second in Auckland, with a basket of 15 private label items costing $38.24, $0.91 higher than fellow Progressive Enterprises' brand Woolworths (the Woolworths stores in question have since been rebrand as Countdown), and $1.87 lower than third-place Pak'n Save.
Seymour Horace Knox I (April 11, 1861 – May 17, 1915), was a businessman from Buffalo, New York, who made his fortune in five-and-dime stores. [2] He merged his more than 100 stores with those of his first cousins, Frank Winfield Woolworth and Charles Sumner Woolworth, to form the F. W. Woolworth Company. [3]
Woolworths opened its first store, the Woolworths Stupendous Bargain Basement, in the old Imperial Arcade Pitt Street, Sydney, where Westfield Sydney now stands, on 5 December 1924. Woolworths Ltd's nominal capital was £185,000, and although 85,000 shares were offered to the public, only 81,707 shares were subscribed for by 619 people ...