Foot Locker Inc NYSE: FL (formerly Z) is a United States company specialising in athletic footwear and clothing. A public company is a company owned by the public. ... Midtown Manhattan, looking north from the Empire State Building, 2005 New York City (officially named the City of New York) is the most populous city in the United States, the most densely populated major city in North America, and is at the center of international finance, politics, entertainment, and culture. ... (See also List of types of clothing and Clothing terminology) Humans nearly universally wear articles of clothing (also known as dress, garments, attire, or apparel) on the body. ... shoe for right foot A shoe is a piece of footwear for humans, less than a boot and more than a slipper. ... In business, revenue is the amount of money that a company actually receives from its activities, mostly from sales of products and/or services to customers. ... EBIT stands for Earnings before Interest and Taxes (operating income). ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... The front page of the English Wikipedia Website. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE), also nicknamed the Big Board, is the largest stock exchange in the world (by dollar volume) and second largest by number of listings. ...

It was originally known as The F. W. Woolworth Company, which was also its brand name of retail stores. This article is about brands in marketing. ... In commerce, a retailer buys goods or products in large quantities from manufacturers or importers, either directly or through a wholesaler, and then sells individual items or small quantities to the general public or end user customers, usually in a shop, also called store. ...

The company was founded in 1911 by Frank Woolworth and Charles Woolworth by the merger of six chains of five-and-ten-cent stores. 1911 (MCMXI) was a common year starting on Sunday (click on link for calendar). ... Franklin Winfield Woolworth (April 13, 1852 – April 8, 1919) was an American merchant. ...

F. W. Woolworth

Door handle of mid-20th century Woolworth's store, New Orleans

F.W. Woolworth was among the first five-and-ten-cent stores, which sold discounted general merchandise at fixed prices, usually five or ten cents, undercutting the prices of local merchants. It was also the first store to put merchandise out for the shopping public to handle, select, and purchase. In earlier shops, customers presented the clerk with a list of items to purchase which were all kept behind the counter. The stores eventually incorporated lunch counters and served as general gathering places, a precursor to the modern shopping mall food court. Image File history File linksMetadata Download high resolution version (997x209, 122 KB) Summary Door handle of mid-20th century Woolworths store, Magazine Street, Uptown New Orleans. ... Image File history File linksMetadata Download high resolution version (997x209, 122 KB) Summary Door handle of mid-20th century Woolworths store, Magazine Street, Uptown New Orleans. ... Five and dime was a common nickname in the United States for five-and-ten-cent stores (also called 5 and 10s), popular in the early to mid-20th century. ... Most firms use a fixed price policy. ... Women waiting for pizza in the food court of the Staten Island Mall A food court is a type of indoor plaza contiguous with the counters of multiple food vendors and providing a common area for self-serve dining. ...

The concept was widely copied, and five-and-ten-cent stores (also known as five-and-dime stores) were a fixture in American downtowns for the first half of the 20th century, and became anchors for suburban strip malls in middle part of the 20th century. The criticisms that the five-and-dime stores drove local merchants out of business would repeat themselves in the early 21st century, when discount stores became popular.

In the 1960s, the five-and-dime concept evolved into the larger discount store. In 1962, the same year as competitors Kmart (whose Kresge stores competed with the F.W. Woolworth five-and-ten stores), Target, and Wal-Mart, Woolworth founded a discount chain called Woolco. The Woolco chain closed in the United States in 1982. It was more successful in Canada, surviving until 1994, when the remaining 144 stores were sold to Wal-Mart. The 1960s decade refers to the years from 1960 to 1969, inclusive. ... 1962 (MCMLXII) was a common year starting on Monday (link will take you to calendar). ... Kmart is a retailing division of Sears Holdings Corporation. ... Target Corporation NYSE: TGT was founded in Minneapolis, Minnesota in 1902. ... Wal-Mart Stores, Inc. ... Woolco was a discount retail chain, founded in 1962, as a subsidiary of The F.W. Woolworth Company. ... 1982 (MCMLXXXII) is a common year starting on Friday of the Gregorian calendar. ... 1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated the International year of the Family. ...

The company also operated a number of other retail chains, most notably Kinney Shoe, Northern Reflections apparel shops and Best Of Times.

On July 17, 1997, Woolworth closed the remaining 400 of its F.W. Woolworth five-and-ten-cent stores and changed its name to Venator.

Analysts at the time cited the lower prices of the big discount stores and the expansion of grocery stores to carry most of the items five-and-ten-cent stores carried as factors in the stores' lack of success in the late 20th century. In that same year Wal-Mart replaced Woolworth on the Dow Jones Industrial Average.

Transition to Foot Locker, Inc.

In 1999, Venator moved out of the Woolworth building to offices on 34th Street. On October 20, 2001, the company changed names again; this time, it took the name of its top retail performer and became Foot Locker, Inc., with specialisation in athletic clothing and footwear. October 20 is the 293rd day of the year (294th in leap years) in the Gregorian Calendar, with 72 days remaining. ... 2001: A Space Odyssey. ... Foot Locker Incorporated is an sportswear retailer based in the United States. ...

In 2004, Foot Locker acquired the Footaction athletic store chain. Foot Locker Incorporated is an sportswear retailer based in the United States. ...

A Woolworths store in the UK

Woolworths shop frontage, Camberwell. ... Woolworths shop frontage, Camberwell. ...

Boycotts

On February 1, 1960, four African-American students sat down at a segregated lunch counter in Greensboro, North Carolina Woolworth's store. They were refused service, touching off six months of sit-ins and economic boycotts that were a landmark of the US civil rights movement. In 1993, the lunch counter was donated to the Smithsonian Institution. February 1 is the 32nd day of the year in the Gregorian Calendar. ... 1960 (MCMLX) was a leap year starting on Friday (link will take you to calendar). ... An African American (also Afro-American, Black American, or simply black), is a member of an ethnic group in the United States whose ancestors, usually in predominant part, were indigenous to Africa. ... Downtown Greensboro Greensboro, North Carolina, is a city located in Guilford County in the U.S. state of North Carolina. ... A sit-in or sit-down is a form of direct action that involves one or more persons nonviolently occupying an area for protest, often political, social, or economic change. ... The civil rights movement in the United States has been a long, primarily nonviolent struggle to bring full civil rights and equality under the law to all citizens of United States. ... 1993 (MCMXCIII) was a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ... The Smithsonian Institution Building or Castle on the National Mall serves as the Institutions headquarters. ...

Note that this segregation was due to local laws and customs of the time not company policy of F.W. Woolworth's. Other Woolworth lunch counters were never segregated.

International users of the Woolworths name

See: Woolworth's F.W. Woolworth Company was the original USA based chain of five and dime stores. ...

See also

• Woolworth Building

The 60-story Woolworth Building is one of the oldest – and one of the most famous – skyscrapers in New York City. ...

External links

• Yahoo! - Foot Locker, Inc. Company Profile
• Hoover's Online Profile