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F. W. Woolworth Company
The F. W. Woolworth Company (often referred to as Woolworth's or simply Woolworth) was a retail company and one of the pioneers of the five-and-dime store. It was among the most successful American and international five-and-dime businesses, setting trends and creating the modern retail model that stores follow worldwide today. The first Woolworth store was opened by Frank Winfield Woolworth on February 22, 1879, as "Woolworth's Great Five Cent Store" in Utica, New York. Though it initially appeared to be successful, the store soon failed. When Woolworth searched for a new location, a friend suggested Lancaster, Pennsylvania. Using the sign from the Utica store, Woolworth opened his first successful "Woolworth's Great Five Cent Store" on July 18, 1879, in Lancaster. He brought his brother, Charles Sumner Woolworth, into the business. The two Woolworth brothers pioneered and developed merchandising, direct purchasing, sales, and customer service practices commonly used today. D ...
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Woolworth Building
The Woolworth Building is an early skyscraper, early American skyscraper designed by architect Cass Gilbert located at 233 Broadway (Manhattan), Broadway in the Tribeca neighborhood of Manhattan in New York City. It was the tallest building in the world from 1913 to 1930, with a height of . More than a century after its construction, it remains one of the List of tallest buildings in the United States, 100 tallest buildings in the United States. The Woolworth Building is bounded by Broadway and City Hall Park to its east, Park Place to its north, and Barclay Street to its south. It consists of a 30-story base topped by a 30-story tower. Its facade is mostly decorated with architectural terracotta, though the lower portions are limestone, and it features thousands of windows. The ornate lobby contains various sculptures, mosaics, and architectural touches. The structure was designed with several amenities and attractions, including a now-closed observatory on the 57th floor and ...
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Kinney Shoes
The G.R. Kinney Company was an American manufacturer and retailer of shoes from until . Its listing on the New York Stock Exchange, symbol KNN, began in March 1923. The shoe concern was started by George Romanta Kinney whose father ran a general store in rural Candor, New York. The father became indebted and George vowed to repay his indebtedness. In 1894, at the age of 28, he had saved enough to purchase a Lester retail outlet in Waverly, New York. Lester Shoe of Binghamton, New York was the predecessor to the Endicott Johnson Corporation. Kinney succeeded by selling affordably priced shoes to working Americans.''Kinney Shoe Corporation webpage, internet article. The business chain numbered 362 stores at the conclusion of 1929, with 44 of these opening in the final year of the decade. Foot Locker began as a division of the Kinney Shoe Corporation in 1974.''Kinney Shoe Corporation'', internet article. Chain and later a subsidiary Kinney Shoes was the largest family chain s ...
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Discounts And Allowances
Discounts and allowances are reductions to a basic price of goods or services. They can occur anywhere in the distribution channel, modifying either the manufacturer's list price (determined by the manufacturer and often printed on the package), the retail price (set by the retailer and often attached to the product with a sticker), or the list price (which is quoted to a potential buyer, usually in written form). There are many purposes for discounting, including to increase short-term sales, to move out-of-date stock, to reward valuable customers, to encourage distribution channel members to perform a function, or to otherwise reward behaviors that benefit the discount issuer. Some discounts and allowances are forms of sales promotion. Many are price discrimination methods that allow the seller to capture some of the consumer surplus. Types The most common types of discounts and allowances are listed below. Dealing with payment Prompt payment discount ''Trade disc ...
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Debenhams
Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland. It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish department store chain Magasin du Nord. In its final years, its headquarters were within the premises of its flagship store in Oxford Street, London. The range of goods sold included middle-to-high-end clothing, beauty, household items, and furniture. The company suffered financial difficulties in the 21st century and entered administration twice, in April 2019 and April 2020. In November 2020, Debenhams' main concession operator Arcadia also entered administration, leading to the collapse of talks with JD Sports and Frasers Group over a potential rescue. As a result, Debenhams announced it would be liquidated. The Debenhams brand and website were purchased by the online retailer Boohoo for £55m in January 2021. However, Boohoo did n ...
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Cyprus
Cyprus ; tr, Kıbrıs (), officially the Republic of Cyprus,, , lit: Republic of Cyprus is an island country located south of the Anatolian Peninsula in the eastern Mediterranean Sea. Its continental position is disputed; while it is geographically in Western Asia, its cultural ties and geopolitics are overwhelmingly Southern European. Cyprus is the third-largest and third-most populous island in the Mediterranean. It is located north of Egypt, east of Greece, south of Turkey, and west of Lebanon and Syria. Its capital and largest city is Nicosia. The northeast portion of the island is ''de facto'' governed by the self-declared Turkish Republic of Northern Cyprus, which was established after the 1974 invasion and which is recognised as a country only by Turkey. The earliest known human activity on the island dates to around the 10th millennium BC. Archaeological remains include the well-preserved ruins from the Hellenistic period such as Salamis and Kourion, ...
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Marks & Spencer
Marks and Spencer Group plc (commonly abbreviated to M&S and colloquially known as Marks's or Marks & Sparks) is a major British multinational retailer with headquarters in Paddington, London that specialises in selling clothing, beauty, home products and food products. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index; it had previously been in the FTSE 100 Index from its creation until 2019. M&S was founded in 1884 by Michael Marks and Thomas Spencer (businessman), Thomas Spencer in Leeds. M&S currently has 959 stores across the UK, including 615 that only sell food products and through its television advertising, asserts the exclusive nature and luxury of its food and beverages. It also offers an online food delivery service through a joint venture with Ocado. In 1998, the company became the first British retailer to make a pre-tax profit of over £1 billion, although it then went into a sudden slump taking the company and its stakeho ...
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Woolworths Holdings Limited
Woolworths Holdings Limited () is a South African multinational retail company that owns the South African retail chain Woolworths, and Australian retailers David Jones and Country Road Group. Woolworths, however, has no association to Australia's Woolworths supermarket chain. The South African Woolworths business consists of full-line fashion, home and beauty stores, many of which incorporate a premium food retail offering. Stand-alone food stores and "Food Stops" attached to Engen petrol stations are also located in urban areas. Woolworths operates 155 full line stores, 52 Fashion, Beauty and Home only stores and 194 food stand alone stores in South Africa, with 68 stores throughout the rest of Africa. Woolworths sells clothing and accessory items under a number of premium brands, namely Studio W, RE: and Edition, with the Group's Australian brands Country Road, Witchery and Trenery also represented. The Group's Australian-based specialty apparel and homewares retail s ...
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Woolworths Group (Australia)
Woolworths Group Limited is an Australian trans-Tasman retailer headquartered in Bella Vista, Sydney, with extensive operations throughout Australia and New Zealand. It is the largest company in Australia by revenue and the second-largest in New Zealand. Founded in Sydney in 1924 as variety retailer Woolworths Limited, the company entered the New Zealand market in 1929 and has traded in every Australian state and territory since 1960. Woolworths experienced steady growth throughout the 20th century and began to diversify its business, closing the last of its variety stores in the 1980s to focus on its portfolio of other retail brands. Since 2012, Woolworths has undergone significant consolidation, divesting its shopping centre, electronics retailing, home improvement, fuel retailing, liquor retailing and hospitality businesses to concentrate on supermarket retail. Woolworths currently owns Woolworths Supermarkets, customer loyalty program Everyday Rewards and discount d ...
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Venator Group
Foot Locker Retail, Inc. is an American sportswear and footwear retailer, with its headquarters in Midtown Manhattan, New York City, and operating in 28 countries. Although established in 1974, and founded as a separate company in 1988, Foot Locker's roots date to 1879, as it is a successor corporation to the F. W. Woolworth Company (“Woolworth's”), as many of its freestanding stores were Kinney Shoes and Woolworth's locations. The company operates the eponymous “Foot Locker” chain of athletic footwear retail outlets (along with “Kids Foot Locker” and “Lady Foot Locker” stores), and other athletic-based divisions including Champs Sports, Footaction USA, House of Hoops, and Eastbay/Footlocker.com, which owns the rights tFinal-Score The company is also famous for its employees' uniforms at its flagship Foot Locker chain, resembling those of referees. According to the company's filings with the SEC, as of January 28, 2017, Foot Locker, Inc. had 3,363 primaril ...
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Merchandising
Merchandising is any practice which contributes to the sale of products to a retail consumer. At a retail in-store level, merchandising refers to displaying products that are for sale in a creative way that entices customers to purchase more items or products. In retail commerce, visual display merchandising means merchandise sales using product design, selection, packaging, pricing, and display that stimulates consumers to spend more. This includes disciplines and discounting, physical presentation of products and displays, and the decisions about which products should be presented to which customers at what time. Often in a retail setting, creatively tying in related products or accessories is a great way to entice consumers to purchase more. Merchandising helps to understand the ordinary dating notation for the terms of payment of an invoice. Codified discounting solves pricing problems including markups and markdowns. It helps to find the net price of an item after sin ...
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Lancaster, Pennsylvania
Lancaster, ( ; pdc, Lengeschder) is a city in and the county seat of Lancaster County, Pennsylvania. It is one of the oldest inland cities in the United States. With a population at the 2020 census of 58,039, it ranks 11th in population among Pennsylvania's municipalities. The Lancaster metropolitan area population is 507,766, making it the 104th-largest metropolitan area in the U.S. and second-largest in the South Central Pennsylvania area. The city's primary industries include healthcare, tourism, public administration, manufacturing, and both professional and semi-professional services. Lancaster is a hub of Pennsylvania's Dutch Country. Lancaster is located southwest of Allentown and west of Philadelphia. History Originally called Hickory Town, the city was renamed after the English city of Lancaster by native John Wright. Its symbol, the red rose, is from the House of Lancaster. Lancaster was part of the 1681 Penn's Woods Charter of William Penn, and was lai ...
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