Word: woolworth
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Dates: during 2000-2009
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...Probably his most fascinating—and simplest—story is that of the Rembrandt. After robbing the Woolworth family estate in Maine, Connor found himself in trouble. A friend, John Regan of the Massachusetts State Police, made a throwaway quip that Connor took a little too seriously. “John said to me ‘Myles, to get you out of this situation, it’ll take a Rembrandt,’” Connor recalls...
Pain isn't the preserve of the posh. On Nov. 26 Woolworth's and MFI, main street perennials famed for their cheaply priced goods, both collapsed, putting 31,000 jobs at risk. Administrators are hoping to find a buyer for the 815 outlets in the Woolworth's chain, founded in 1909 as a British offshoot of the U.S. company. MFI found its niche selling budget furniture...
Underwriting the public stock offerings of Sears Roebuck in 1906 and F.W. Woolworth & Co. in 1912 put the firm on the map. And from there, Goldman--long stigmatized as an outsider "Jewish" firm by its white-shoe rivals--plows on, evolving from what Ellis terms a "marginal eastern U.S. commercial paper dealer" into a global-trading, investment-banking and financial-services behemoth...
...been or is being invested in projects around the city, including a new medical school that Doherty says will employ 1,000 people. The city web site boasts about recent infusions into its downtown from companies like drug maker Sanofi Pasteur, which now occupies space in a former Woolworth department store. Last year, the Yankees moved its AAA farm team here from Columbus, Ohio; in May, Money magazine named Scranton one of the ten fastest-growing real estate markets in the country. This growth is proof of Doherty's mantra: If you make it nice, they will come. The mayor...
More Cuts for Woolworth A prime victim of Wal-Mart's success has been the Woolworth chain, which announced its second major reduction in size in two years. It plans to close 970 stores and cut 13,000 jobs. Some 400 of the shops to close will be the cheap general stores that made the Woolworth name famous (others will include Kinney shoe stores). After the closings, only 400 or so of the Woolworth five- and-tens will remain...