Charles Sumner Woolworth Charles Sumner Woolworth Charles Sumner Woolworth (August 1, 1856 – January 7, 1947), was an American entrepreneur who went by the nickname of "Sum", opened and managed the world's first five-and-dime store in Scranton, Pennsylvania, and was founder of the "C. S. Woolworth & Co" chain of 5¢ & 10¢ stores. Sum's brother, Frank Winfield Woolworth was first to venture into the retail business with his own store, and soon after, he asked Sum to join him. Frank founded "F. W. Woolworth & Co", which later merged with other Woolworth affiliate stores to be the F. W. Woolworth Company. After
F. W. Woolworth Company in the U.S. and changed its corporate name to Venator. In 1999, Venator moved out of the Woolworth Building in New York City to offices on 34th Street. On October 20, 2001, the company changed names again; this time, it took the name of its top retail performer and became Foot Locker, Inc., which Woolworth started in 1974. All corporate history of Woolworth is included in the history of Foot Locker, Inc., resulting in the company in 2012 observing the F. W. Woolworth Company's centennial of joining the New York Stock Exchange. The 2012 annual report cover used a 1912