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...late Frank Winfield Woolworth might well have looked back with pride upon the 30-year history of his store chain. From a single unit in Lancaster, Pa., Woolworth stores had multiplied until in that year they numbered 590. Sales had grown to the startling total of $50,000,000 a year. And with possible sites for stores all over the U. S. Mr. Woolworth might well have faced the future with a justified smugness. Yet in 1909 Mr. Woolworth, a devoted worshipper of Napoleon, showed brilliant commercial strategy by opening a store in Liverpool. F. W. Woolworth...

Author: /time Magazine | Title: Business & Finance: Bounty from Britain | 6/15/1931 | See Source »

Many a feature-writer has culled extra money by writing of the romance of Mr. Woolworth's rise. Yet there was little romance to it. He was a frugal, practical merchant with a good idea to work on. Success brought him the ailment common to many another U. S. tycoon-a Napoleonic complex. In 1913 this found expression. That year he built for himself a great monument, the Woolworth building, internationally hailed as a "Cathedral of Commerce." On the 24th floor he placed the company's offices. His private office represented a $35,000 departure from frugality...

Author: /time Magazine | Title: Business & Finance: Bounty from Britain | 6/15/1931 | See Source »

...executive editor of Tower Publications, magazines published for sale in Woolworth chain stores, was appointed Verne Porter, onetime editor of Cosmopolitan, editor-in-chief of Hearst's Cosmopolitan Productions (films), editor-in-chief of Paramount-Famous-Lasky, lately scenario editor in the East of Universal Pictures Corp. His duty: to keep liaison between Editorial Director Hugh Weir and the managing editors of the respective magazines (New Movie, Illustrated Love, Illustrated Detective, Home). ¶ Ten years ago famed Typographer Frederic William Goudy was commissioned by Woman's Home Companion to design a new type face for the magazine...

Author: /time Magazine | Title: Press, Jun. 8, 1931 | 6/8/1931 | See Source »

Died. James Paul Donahue, 45, Manhattan stockbroker, famed roulette player, husband of Mrs. Jessie Woolworth Donahue who with Mrs. Helena W. McCann and Barbara Hutton inherited the estate (some $51,000,000) of the late Frank Winfield Woolworth (5¢ & 10¢ stores); of acute uremia following an attempt at suicide with bichloride of mercury; in Manhattan...

Author: /time Magazine | Title: Milestones, May 4, 1931 | 5/4/1931 | See Source »

...Woolworth...

Author: /time Magazine | Title: Business: Earnings | 2/9/1931 | See Source »

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