F. W. Woolworth Company F. W. Woolworth Company The F. W. Woolworth Company (often referred to as Woolworth's or Woolworth) was a retail company and one of the original pioneers of the five-and-dime store. It was arguably the most successful American and international five-and-dime business, setting trends and creating the modern retail model that stores follow worldwide today. The first Woolworth store was opened by Frank Winfield Woolworth on February 22, 1878, as "Woolworth's Great Five Cent Store" in Utica, New York. Though it initially appeared to be successful, the store soon failed. When Woolworth searched for a new location, a friend suggested Lancaster,
Woolworth Building Tennessee, built in 1924, is a small replica of the building, standing at one-third its height. Frank Woolworth commissioned Cass Gilbert in 1910 to design a 20-story office building as the F. W. Woolworth Company's new corporate headquarters on Broadway, between Park Place and Barclay Street in Lower Manhattan, opposite City Hall. Originally designed to be high, the building was eventually elevated to . Construction was completed in 1912 and the building opened on April 24, 1913. President Woodrow Wilson turned the lights on by way of a button in Washington, D.C. that evening. The Woolworth Building was 60 stories