Frank Winfield Woolworth

Woolworth was born in Rodman, New York to John (1821–1907) and Fanny (née McBrier; 1832–1878) Woolworth; his brother was entrepreneur Charles Sumner Woolworth (1856–1947).[1][2] His parents were devout Methodists and sympathetic to the Northern side during the Civil War, and they raised their sons in those beliefs.[3]

At age four, Woolworth told his parents that he would become a peddler like those who sometimes came calling. He and Charles would play "store", and Frank would set up merchandise to sell to his brother.[4] Woolworth finished his schooling at age 16, yet he was unfit to begin working in any legitimate store with only basic knowledge and no experience. He applied to many shops in the area, every time being rejected[5] He attended a business college for two terms in Watertown, New York with a loan from his mother.

In 1873, Woolworth worked as a stock boy in a general store called Augsbury & Moore's Drygoods in Watertown,[6] and his experiences there served as the starting point to his own business venture and innovations. He was considered to be an inept salesman[7] and was given jobs such as washing the windows, where he found a creative niche arranging the store's front display; his work was so impressive that his boss assigned him that role.[3] Woolworth learned the difficulty with the typical business practice, in which few items were labeled with price tickets and a clerk was responsible for obtaining an item for the customer and making the transaction.[8] It was from these early experiences that Woolworth developed the notion that goods should sell themselves, something which became increasingly prominent in his retail career.

Frank and Charles Woolworth with Seymour H. Knox I

Under the employment of Moore & Smith, Woolworth had an opportunity to sell a large surplus of goods. He organized a store in Great Bend that opened on February 10, 1878, but sales were disappointing; the store failed in May.[9] Accounts differ on the conception of the five-and-dime. Gail Fenske suggests that Woolworth had heard of a "five-cent counter craze" while questioning his own sales ability at his first job.[7] Jean Maddern Pitrone suggests that the idea was conceived after a travelling salesman told Woolworth of stores in Michigan with the five-cent counter concept.[10] Plunkett-Powell suggests that Woolworth overheard the concept during a discussion between William Moore and a young man who had opened his own cut-rate goods store.[11]

Woolworth memorialized in an architectural detail of the Woolworth Building

Woolworth borrowed $300 and opened a five-cent store in Utica, New York on February 22, 1879.[12] It failed within weeks. He opened his second store in April 1879 in Lancaster, Pennsylvania, where he expanded the concept to include merchandise priced at ten cents. By 1889, Woolworth had twelve thriving stores and in ten years, from 1879 to 1889, his sales had increased by 240%.[13] By 1900, Woolworth’s chain had grown to fifty-nine stores, with sales of over $5 million. Woolworth’s desire for control stretched further than just the bounds of his company. Wanting to implement his ideas on a much larger scale, F.W. adopted a policy of acquiring smaller chains of his competitors. This policy, combined with “the development of the five and ten cent idea, the exploitation of the idea through a chain, [and] the squeezing out of his middleman competitors for the purpose of controlling goods manufacturing and distribution…” resulted in the dominance of the low-priced segment of the American retailing industry.[14]

In 1911, the F.W. Woolworth Company was incorporated with 586 stores. In 1913, Woolworth built the Woolworth Building in New York City at a cost of $13.5 million in cash. At the time, it was the tallest building in the world at 792 feet.[15]

Woolworth often made unannounced visits to his stores, where he would shoplift items to test the staff's attentiveness. Managers or clerks who caught him doing so were sometimes rewarded with promotions.[16]

On June 11, 1876, Woolworth married Jennie Creighton (1853–1924). Their children were Helena Maud Woolworth McCann (1878–1938), Jessie May Woolworth Donahue (1886–1971), and Edna Woolworth (1883–1917), who died from suffocation due to mastoiditis.[17] Rumors have persisted that she committed suicide.[18] She was the mother of Barbara Hutton.

Woolworth's tomb in Woodlawn Cemetery, Bronx

Woolworth died on April 8, 1919, five days before his 67th birthday. At the time of his death, Woolworth was worth approximately $76.5 million or the equivalent of ​¹⁄₁₂₁₄th of the US GNP.[19] His company owned more than 1,000 stores in the United States and other countries and was a $65 million ($804,328,215 in 2009 dollars) corporation. He died without signing his newest will, so his mentally handicapped wife received the entire estate under the provision of his older 1889 will.[20][21]

Woolworth is interred in the Woodlawn Cemetery in the Bronx, New York City.

• Bronze busts honoring Woolworth and seven other industry magnates stand outside between the Chicago River and the Merchandise Mart in downtown Chicago, Illinois.
• Woolworth was inducted into the Junior Achievement (US) Business Hall of Fame in 1995.[22]
• A cemetery east of Watertown, New York, where he started his first store, is named for him.[23]

• List of Woolworth buildings
• Mr Selfridge (Episode 8)

• Pictures of F. W. Woolworth's Long Island Mansion 'Winfield Hall'
• A virtual tour of downtown Hamilton – F. W. Woolworth Co. Ltd.
• Woolworth Museum