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 shares from the bank, thus owning the building outright. On completion, the Woolworth building topped the record set by the Metropolitan Life Insurance Company Tower as the world's tallest building. The building was owned by the Woolworth company for 85 years until 1998, when the Venator Group (formerly the F. W. Woolworth Company) sold it to the Witkoff Group for $155 million. Until recently, that company kept a presence in the building through a Foot Locker store (Foot Locker is the successor to the Woolworth Company). Prior to the September 11 attacks, the World Trade Center was often photographed in