In the early twentieth century Woolworths took the
British High Street by storm. With fixed prices of three
and six pence they offered remarkable value on
decently-made mass produced goods. By the late 1950s
there were more than a thousand branches across Great
Britain and Ireland, serving twelve million customers a
week. The firm's shares were second only to ICI. But by
the 1970s the chain was in decline and had fallen
behind. It was taken over in the Eighties and reinvented
itself for a new generation, but made a series of
tactical blunders in the 21st Century as executives
decided to sell mainly toys, kids clothes and music.
After 33 billion transactions Woolworths collapsed at
the height of the credit crunch, shocking the five
million a week who still shopped there. Just weeks later
the stores closed for the last time, coming to symbolise
the banking crisis. Today Woolworths lives on as an
internet brand after a rescue by Shop Direct Group. A
Sixpenny Romance tells the whole story in words and
pictures, as the firm reached for the sky before falling
back to the ground. It explores the reasons for the
collapse and gives an insider's view of the highs and
lows of a much-loved and much-missed retail icon. It
includes the early history of the Woolworth Five and Ten
in the USA and Canada, including the great pioneers Fred
M. Kirby, Earle P. Charlton, Seymour H. Knox, William H.
Moore,and Charles Sumner Woolworth who merged their
businesses with Frank Winfield Woolworth to form the F.
W. Woolworth Co. in 1912. The 194 page book is in the
coffee table format, with 100 full page photos, many of
which have not been published before. It is fully
indexed and has been described as the definitive history
of the Company. The author was described as 'Mr
Woolworth' by BBC television's Panorama and has appeared
on ITN's News at Ten and BBC Radio, as a historian and
in recognition of his work to find new jobs for
displaced Woolworths staff. |
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