Frank Winfield Woolworth Frank Winfield Woolworth Frank Winfield Woolworth (April 13, 1852 – April 8, 1919) was an American entrepreneur and the founder of F. W. Woolworth Company and the operator of variety stores known as "Five-and-Dimes" (5- and 10-cent stores) or dimestores, which featured a low-priced selection of merchandise. He pioneered the now-common practices of buying merchandise directly from manufacturers and fixing the selling prices on items, rather than haggling. He was also the first to use self-service display cases, so customers could examine what they wanted to buy without the help of a sales clerk. Frank Woolworth was born in Rodman,
Woolworth Building to lease them as office space. The project will cost approximately $150 million including its $68 million purchase price. In August 2014, the New York Attorney General's office approved Alchemy's offering plan for condos at the newly branded Woolworth Tower Residences. The $110 million price tag for the building's penthouse unit is the highest asking price ever for an apartment in downtown Manhattan. At the building's completion, the F. W. Woolworth Company occupied only one and a half floors of the building, but, as the owner, profited from renting space out to others, including the Irving National Exchange Bank and