The F. W. Woolworth Company (often referred to as
Woolworth's, or Woolworth) was a retail company that was one of the original
pioneers, and arguably the most successful American and international
five-and-dime stores, setting trends and creating the modern retail model which
stores follow worldwide today.
The F.W. Woolworth Co. sold discounted general merchandise
at fixed prices, usually five or ten cents, undercutting the prices of other
local merchants. Woolworth, as the stores popularly became known, was one of
the first American retailers to put merchandise out for the shopping public to
handle and select without the assistance of a sales clerk. Earlier retailers
had kept all merchandise behind a counter and customers presented the clerk
with a list of items they wished to buy.