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
Charles Sumner Woolworth German subsidiary, as National Socialist Party nationalism and anti-American sentiment grew stronger. The directors were somewhat perplexed by the situation, because of the high level of Woolworth investment in Germany. Woolworth's had a sizable workforce at its large warehouse and shipping depot in Sonneberg, Germany. New laws were passed in Germany which prevented profits within Germany from leaving Germany. Essentially, the "F. W. Woolworth CO GMBH" became an entity on its own. The Woolworth Company took a $2 million financial hit to profits, yet the executives tried to stay optimistic that the situation would resolve itself. As war ensued, the