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,
F. W. Woolworth Co. v. Contemporary Arts, Inc. attorneys disputed the existence of a copyright violation in the original trial, the appellate court assumed the infringement and focused on the calculation and method for the legal remedy. Woolworth bought 127 dozen dogs at $0.60 each and sold them for $1.19 each for a total gross profits of $899.16. Woolworth argued that its liability was limited to its own profits. Although the profits appear substantial by this calculation, Woolworth failed to include allowable deducted for overhead and taxes. The majority decision found that low-margin sales provided poor remedy to discourage copyright violations. “If we sustain petitioner's contention that profits