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Briefcase: Business person of the millennium: No 31: Frank Winfield Woolworth
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Woolworth, Frank Winfield (1852-1919)
1999
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Briefcase: Business person of the millennium: No 31: Frank Winfield Woolworth
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Woolworth, Frank Winfield (1852-1919)
1999
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Briefcase: Business person of the millennium: No 31: Frank Winfield Woolworth
Newspaper Article
Briefcase: Business person of the millennium: No 31: Frank Winfield Woolworth
1999
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Overview
His family were potato growers but the young [Frank Winfield] Woolworth turned his back on agriculture for a life of business in the nearby city of Watertown. While working as a shop assistant for $3.50 a week, Woolworth noticed how, when the store slashed its prices to compete with a local fair going on down the road, people would come from miles around to snap up the bargains. He decided to apply the bargain basement approach to all his stores.[QQ]
Publisher
Guardian News & Media Limited
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