![]() ![]() But none of these businesses can provide the sense of routine and stability of the former American Woolworth’s. Walgreen’s WBA, Rite Ai RADd, and CVS sell merchandise from sundries to small appliances that Woolworth stores once championed. FWW ARCHIVEĬould the traditional Woolworth variety store successfully return and effectively compete in today’s retail environment in America? If not, why not? Stores like Dollar General DG and Family Dollar carry a wide assortment of value-priced goods that mimic the offerings of the former Woolworth stores. The interior of a Mexico City Woolworth store is shown in the mid 1960s. They have been replaced by small dulcerías that offer popcorn, nachos, and Icee frozen drinks. But its Mexico stores abandoned the lunch counters and in-store dining rooms decades ago. As such, it was the world’s largest restaurant operation up through the 1980s. Throughout most of its 118-year tenure, Woolworth was regarded as part dime store, part diner. It wasn’t until July 1981 that the company sold off 51% of its interest to a group of Mexican nationals in order to expand the business. Mexico’s Foreign Investment Law, enacted in 1973, prevented Woolworth, as an American corporation, to effectively infiltrate the Mexican retail market. Despite numerous attempts, Grupo Comercial Control did not supply a comment for this report. Recent reports indicate that the stores enjoy an annual sales increase of approximately 5%. The corporation does not release many public details regarding its sales, profits, and structure. Grupo Comercial Control currently operates 36 Woolworth stores in 25 cities, in addition to 78 Del Sol units and several Mexican restaurant chains. (Photo by James Leynse/Corbis via Getty Images) Corbis via Getty Images Woolworth store on New York's 34th Street is shown slightly before its. ![]()
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