In response, Woolworth overworked himself, had a complete breakdown, and spent six months convalescing. His new employer, however, found him a poor salesman and lowered his wages from $10 to $8 a week. Bushnell & Company, a local dry goods and carpet store. Wanting more money, Woolworth soon left Augsbury & Moore for A. Born in 1852, in Rodman, New York, Woolworth moved to Watertown, New York, in 1873 where he apprenticed and then clerked with Augsbury & Moore, a wholesaler and dry goods store. The history of Foot Locker may be traced through that of Woolworth and that company's founder, Frank Winfield Woolworth, who parlayed the idea of the five-and-ten cent store into an international retailing empire. In 2001 Venator renamed itself after its best-performing specialty chain, the Foot Locker athletic footwear shops. Since Woolworth's establishment in 1879, the business has been involved in general merchandising in its incarnation as Venator, however, the company focused on the retailing of athletic footwear and apparel. The company's holdings include the chains Foot Locker (and its Kids and Lady store concept versions), Footaction USA, and Champs Sports. Foot Locker is a multinational retailer of athletic shoes with stores and support operations in North America, Europe, Australia, and Asia. Top athletic shoe retailer Foot Locker, Inc., was known until 1998 as the Woolworth Corporation and until 2001 as Venator Group Inc. Kinney Corporation.ġ972: Woolworth and Woolco are consolidated in one division.ġ974: The Kinney shoe division opens the first Foot Locker stores.ġ982: Kinney's Canadian operation starts Lady Foot Locker.ġ993: Woolco's operations are sold to Wal-Mart.ġ997: Woolworth's closes the last of its five-and-dime stores in the United States.ġ999: Woolworth's changes its name to Venator Group.Ģ001: Company closes its Northern Reflections chain and renames itself Foot Locker Inc. the company moves into the Woolworth Building.ġ926: Woolworth inaugurates its German operating subsidiary.ġ962: Woolworth's opens the first Woolco.ġ965: The company purchases G.R. NAIC: 448210 Shoe Stores 448110 Men's Clothing Stores 448120 Women's Clothing Stores 448130 Children's and Infants' Clothing Stores 448150 Clothing Accessories Stores 551112 Offices of Other Holding Companiesġ879: Frank Woolworth opens his first "Great 5¢ Store" in Utica, New York.ġ905: Woolworth incorporates his business as F.W.
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