This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Brand Names Gone, But Not Forgotten

F.W. Woolworths
There was a time when predicting the demise of the famous Woolworth's would have been unthinkable.

The retail giant, one of America's biggest businesses for many years, was among the breed of so-called five-and-dime stores that used their buying power to undercut the prices of competitors. Started in 1879, it is credited as being the first general merchandise store that kept its goods out in the open, letting shoppers handle, inspect and compare items.

For decades, shoppers across the country and overseas flocked to Woolworths to shop and enjoy a snack at its beloved food counters, which often became a community gathering spot (parent to modern food courts). Its success established a blueprint for retail giants that followed, Wal-Mart (WMT - Get Report), Target (TGT - Get Report) and Kmart (SHLD - Get Report) among them.

Why do we speak of Woolworths in the past tense when so many people loved it for so long? Simply put, it collapsed under its own weight -- expanding beyond sustainability and moving away from its five-and-dime discount roots and more toward a department store model.

The end came in 1997 when its parent company pulled the plug and evolved into Foot Locker (FL - Get Report), devoting its energy to sporting goods and footwear.

2 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $130.28 0.00%
AXP $77.99 0.00%
DPS $78.86 0.00%
DRI $67.01 0.00%
FL $60.86 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs