F. W. Woolworth

F. W. Woolworth was an American entrepreneur who founded a pioneering retail chain in the late 19th and early 20th centuries. His stores, often called "five-and-dime" stores, offered a wide variety of inexpensive household goods, toys, and trinkets, making shopping affordable for many people. Woolworth's innovative approach to retail involved fixed prices and large, accessible stores with wide aisles. His success helped shape modern retailing and popularized the concept of discount stores, significantly impacting how people shop by providing variety and affordability in a single location.