Come Back to the "FIVE & DIME"
February 22, 1879 - First Woolworth's 5¢ Store Opens Its Doors
On this day in 1879, Frank Winfield Woolworth opened his first Woolworth store in Utica, New York. The store offered a wide array of items ranging from household utensils to beauty products for five cents or less.
Though the Utica store was not successful, Woolworth opened another store in Lancaster, Pennsylvania that proved to be a stunning success with its expanded price scale of 10¢ or less.
These "Five & Dime" stores proliferated quickly across the country and soon Woolworth was so successful that he was able to merge and acquire four of his competitors to continue the expansion of his retail empire.
Quote for ToDay:
"Give a man a fish, and you'll feed him for a day. Teach a man to fish, and he'll buy a funny hat. Talk to a hungry man about fish, and you're a consultant." - Dogbert of the Dilbert cartoons by Scott Adams
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