Word: woolworth
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Dates: during 1950-1959
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...colors of all the Orient, wore cool-looking shorts, dresses and muumuus of every bright color, stepped lightly in street shoes, sandals, even bare feet. Thus last week, in casual Hawaiian fashion, the newest citizens of the U.S. welcomed the newest branch of an old American institution: F. W. Woolworth's five-and-dime store...
...Woolworth's new store, set in modernistic decor (wall murals, blue-green mosaic tile) in the $28-million Ala Moana shopping center outside Honolulu (TIME, Aug. 10), is a far cry from the red-fronted, musty-smelling Main Street fixture known in hundreds of U.S. towns for its notions and knicknacks. It symbolizes the tremendous changes that have transformed a tradition-laden giant into one of the U.S.'s most experiment-minded retailers. Eighty years old this year, Woolworth's has grown from the tiny Pennsylvania "Great 5? Store" founded by Frank Winfield Woolworth into the world...
...Suburbs. Last year more than 800 million customers shopped at Woolworth's Western Hemisphere stores (which include those in the U.S., Puerto Rico, Cuba, Mexico and Canada), spent $865 million for such traditional wares as 25 million growing plants, 17 million hair nets, and 75 million greeting cards. Woolworth's is the world's largest private server of food, last year cooked 6,100,000 Ibs. of beef, poured 109 million cups of coffee. Woolworthls own cup is running over so plentifully that the company's 1958 sales and healthy profits of $32.4 million are equal...
...Woolworth's modernization has been forced since the end of World War II, as expanding supermarkets and drug stores grabbed an important share of the low-priced variety-store market. In self-defense Woolworth's upgraded its merchandise, spruced up its stores, shifted its emphasis to self-service stores in burgeoning suburban shopping centers. To spark its superstore and self-service programs, Woolworth's in 1954 picked a lifetime employee named Robert Campbell Kirkwood, who had started as a stock checker right out of high school in his home town of Provo, Utah 36 years before. Trim...
...Woolworth...