Frank Winfield Woolworth (1852 - 1919) MP

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Birthplace: Rodman, Jefferson, New York, USA
Death: Died in Glen Cove, NY, USA
Cause of death: DIED SUDDENLY • NO CAUSE GIVEN ??
Managed by: Walter G. Ashworth
Last Updated:

About Frank Winfield Woolworth

From Wikipedia, the free encyclopedia

Franklin Winfield Woolworth

Born April 13, 1852

Rodman, New York

Died April 8, 1919 (aged 66)

Glen Cove, New York

Residence Winfield Hall

Known for F.W. Woolworth Company

Spouse(s) Jennie Creighton (m. 1876–1919)

Relatives Barbara Hutton, granddaughter

Franklin Winfield Woolworth (April 13, 1852 – April 8, 1919) was the founder of F.W. Woolworth Company (now Foot Locker), an operator of discount stores that priced merchandise at five and ten cents. He pioneered the now-common practices of buying merchandise direct from manufacturers and fixing prices on items, rather than haggling.

Biography

Frank Winfield Woolworth was born in 1852 on the family's meager potato farm in Rodman, New York, about eleven miles south of Watertown, the son of John Hubbell Woolworth and Fanny McBrier. He got his first job as a stock boy in a general store. On June 11, 1876 he married Jennie Creighton (1853 – 1924), with whom he would have three daughters: [1].He had 3 daughters and one, Edna, commited suicide.

He died in 1919 at Winfield Hall, his mansion in Glen Cove.

The son of a farmer, Woolworth aspired to be a merchant. In 1873, he started working in a drygoods store in Watertown, New York. He worked for free for the first three months, because the owner claimed "why should I pay you for teaching the business?". He remained there for six years. There he observed a passing fad: Leftover items were priced at five cents and placed on a table. Woolworth liked the idea, so he borrowed $300 to open a store where all items were priced at five cents.

Woolworth's first five-cent store, established in Utica, New York on February 22, 1879, failed within weeks. At his second store, established in Lancaster, Pennsylvania in April 1879, he expanded the concept to include merchandise priced at ten cents. The second store was successful, and Woolworth and his brother, Charles Sumner Woolworth, opened a large number of five-and-ten-cent stores. His original employer was made a partner.

In 1911, the F.W. Woolworth Company was incorporated, uniting 586 stores founded by the Woolworth brothers and others. In 1913, Woolworth built the Woolworth Building in New York City at a cost of $13.5 million in cash. At the time, it was the tallest building in the world, measuring 792 feet, or 241.4 meters.

Woolworth's wealth also financed the building of his mansion, Winfield Hall in Glen Cove, Long Island in 1916. The grounds of the estate required 70 full time gardeners and the 56 room mansion required dozens of servants just for basic upkeep. The home's decor reflected Woolworth's fascinations with Egyptology, Napoleon and spiritualism (a huge pipe organ that Woolworth learned to play late in life combined with a planetarium style ceiling to provide an intentionally eerie effect) and was built with no expenses spared: the pink marble staircase alone cost $2 million to construct.

In 1978 the abandoned and largely gutted mansion became the home of Monica Randall, a respected writer and photographer married to a German businessman, who wrote a memoir of her experiences there entitled Winfield: Living in the Shadow of the Woolworths. Other notable residents of Winfield were the Reynolds family of R. J. Reynolds Tobacco Company and Reynolds Aluminum.

His granddaughter Barbara Hutton would gain much publicity for her lifestyle, squandering more than $50 million. Hutton likely named her London, UK mansion after her grandfather's Long Island estate.

Death

Woolworth died on April 8, 1919, five days before his 67th birthday. At the time, his company owned more than 1,000 stores in the United States and other countries and was a $65 million ($805,849,421 in 2009 dollars) corporation. He died without signing his newest will, so his demented wife received the estate under the provision of his older 1889 will.

Legacy

Bronze busts honoring Woolworth and seven other industry magnates stand outside between the Chicago River and the Merchandise Mart in downtown Chicago, Illinois.

By 1997, the original chain he founded had been reduced to 400 stores, and other divisions of the company began to be more profitable than the original chain. The original chain went out of business on July 17, 1997, as the firm began its transition into Foot Locker, Inc..

The UK stores continued operating (albeit under separate ownership since 1982) after the US operation ceased under the Woolworth name and by the 2000s traded as Woolworths Group. The final U.K. stores ceased trading January 6, 2009. The UK Woolworths brand was bought by Shop Direct Group in the UK who plan to run the store online only.

Woolworths continues to operate in Germany. Woolworths pty. Ltd. retailers in Australia have no connection to F. W. Woolworths or the original Woolworths corporation.

Mr. Woolworth was inducted into the Junior Achievement U.S. Business Hall of Fame in 1995.[3]

He has a cemetery named for him east of Watertown, NY where he started his first store.

Added by Walter Ashworth 7th cousin -------------------- http://en.wikipedia.org/wiki/Franklin_Winfield_Woolworth

Frank Winfield Woolworth (April 13, 1852 – April 8, 1919) was the founder of F.W. Woolworth Company (now Foot Locker), an operator of discount stores that priced merchandise at five and ten cents. He pioneered the now-common practices of buying merchandise direct from manufacturers and fixing prices on items, rather than haggling.

Biography

He was born on April 13, 1852 on the family's meager potato farm in Rodman, New York, about eleven miles south of Watertown. He was the son of John Hubbell Woolworth and Fanny McBrier. His first job was as a stock boy in a general store. On June 11, 1876, he married Jennie Creighton (1853–1924), with whom he would have three daughters:[1]. Edna Woolworth (1883–1918), the mother of Barbara Hutton, later committed suicide.

The son of a farmer, Woolworth aspired to be a merchant. In 1873, he started working in a drygoods store in Watertown, New York. He worked for free for the first three months, because the owner claimed "why should I pay you for teaching the business?". He remained there for six years. There he observed a passing fad: Leftover items were priced at five cents and placed on a table. Woolworth liked the idea, so he borrowed $300 to open a store where all items were priced at five cents.

Woolworth's first five-cent store, established in Utica, New York, on February 22, 1879, failed within weeks. At his second store, established in Lancaster, Pennsylvania, in April 1879, he expanded the concept to include merchandise priced at ten cents. The second store was successful, and Woolworth and his brother, Charles Sumner Woolworth, opened a large number of five-and-ten-cent stores. His original employer was made a partner.

In 1911, the F.W. Woolworth Company was incorporated, uniting 586 stores founded by the Woolworth brothers and others. In 1913, Woolworth built the Woolworth Building in New York City at a cost of $13.5 million in cash. At the time, it was the tallest building in the world, measuring 792 feet, or 241.4 meters.

Woolworth's wealth also financed the building of his mansion, Winfield Hall in Glen Cove, Long Island, in 1916. The grounds of the estate required 70 full time gardeners and the 56 room mansion required dozens of servants just for basic upkeep. The home's decor reflected Woolworth's fascinations with Egyptology, Napoleon and spiritualism (a huge pipe organ that Woolworth learned to play late in life combined with a planetarium style ceiling to provide an intentionally eerie effect) and was built with no expenses spared: the pink marble staircase alone cost $2 million to construct.

In 1978 the abandoned and largely gutted mansion became the home of Monica Randall, a respected writer and photographer married to a German businessman, who wrote a memoir of her experiences there entitled Winfield: Living in the Shadow of the Woolworths. Other notable residents of Winfield were the Reynolds family of R. J. Reynolds Tobacco Company and Reynolds Aluminum.

Death

Woolworth died on April 8, 1919, five days before his 67th birthday. At the time, his company owned more than 1,000 stores in the United States and other countries and was a $65 million ($805,849,421 in 2009 dollars) corporation. He died without signing his newest will, so his demented wife received the estate under the provision of his older 1889 will.[

Legacy

His granddaughter Barbara Hutton would gain much publicity for her lifestyle, squandering more than $50 million. Hutton likely named her London, UK, mansion after her grandfather's Long Island estate.

Bronze busts honoring Woolworth and seven other industry magnates stand outside between the Chicago River and the Merchandise Mart in downtown Chicago, Illinois.

By 1997, the original chain he founded had been reduced to 400 stores, and other divisions of the company began to be more profitable than the original chain. The original chain went out of business on July 17, 1997, as the firm began its transition into Foot Locker, Inc..

The UK stores continued operating (albeit under separate ownership since 1982) after the US operation ceased under the Woolworth name and by the 2000s traded as Woolworths Group. The final U.K. stores ceased trading January 6, 2009. The UK Woolworths brand was bought by Shop Direct Group in the UK who plan to run the store online only.

Woolworths continues to operate in Germany. Woolworths pty. Ltd. retailers in Australia have no connection to F. W. Woolworths or the original Woolworths corporation.

Mr. Woolworth was inducted into the Junior Achievement U.S. Business Hall of Fame in 1995.[3]

He has a cemetery named for him east of Watertown, NY where he started his first store.[4]

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Frank Winfield Woolworth's Timeline

1852
April 13, 1852
Rodman, Jefferson, New York, USA
1876
June 11, 1876
Age 24
Manhattan, New York, New York
1878
July 17, 1878
Age 26
Watertown, Jefferson, New York, USA
1880
1880
Age 27
1883
1883
Age 30
Lancaster, Pennsylvania, USA
1886
March 14, 1886
Age 33
Manhattan, New York, New York, USA
1900
1900
Age 47
1910
1910
Age 57
Manhattan Ward 19, New York, New York
1919
April 8, 1919
Age 66
Glen Cove, NY, USA
????