Welcome to the Virtual Museum
Our featured year, 1912, was a turning point. After years as a syndicate of friendly rivals, five great 5 & 10¢ Store chains merged to form F. W. Woolworth Co. It had 600 branches, spanning the USA and Canada and had embarked on a rapid opening programme in the British Isles. Total turnover was $52.6m, generating annual profits of amost $5m.
The Founders shared a $65m bounty when the shares were listed in New York on February 14. Most went to Frank Woolworth, who insisted that the new company must carry his name. He promised investors that the firm was 'bigger than one man', and to prove it devoted much of his time to another project. His skyscraper in Broadway Place, New York was to be 'the highest in the world', and was paid for in cash ! Just two years later, when war broke out, Frank found himself trapped behind enemy lines. How would the Five-and-Ten survive without its President and its European fancy goods?
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