Economics & Industry

Frank Woolworth Opens First Five-and-Dime Store

In Utica, New York, Frank Woolworth opened the first of his five-and-dime stores, laying the foundation for a retail revolution. This store introduced the concept of affordable variety goods, where every item was priced at just five or ten cents. Woolworth's innovative approach attracted a broad customer base by offering quality products at low prices, appealing particularly to working-class families. The success of this store would lead to the expansion of the Woolworth chain across the United States, transforming retail shopping.

Continue Reading