Woolworth, F.W.

Woolworth, F.W. definition - finance
The original retail discounter, F.W. Woolworth started five- and ten-cent stores bearing his name. He introduced fixed-price merchandise, which ushered out the era of customers haggling over prices with the store clerks. He opened up identical stores around the country, which created chain-store retailing.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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