Bill Rancic Defends His Wife Giuliana After Fashion Police Controversy: 'I Tried to Get Them to Release the Footage' 42 years, 2,191 covers and 55,436 stories from PEOPLE magazine's history for you to enjoy
- Authorities Arrest Fugitive Who Allegedly Shot Girlfriend and Was Caught on Surveillance Camera Killing Store Clerk
- Read the Cover Story: Prince, 1958-2016
- Jana Kramer's Blog: The Twists and Turns of My Daughter's Delivery
- 8 Surprising Stars Who Have Never Been to the Met Gala (Like 5 Time Vogue Cover Girl Angelina Jolie!)
- Kim Kardashian Sets Goal Weight for Met Gala (and Wants to Take the KarJenner Family Christmas Photo on Met Steps!)
On Newsstands Now
- Matthew McConaughey: In His Own Words
- Jessa Duggar's Wedding Album
- Brittany Maynard's Final Days
Pick up your copy on newsstands
Click here for instant access to the Digital Magazine
People Top 5
LAST UPDATE: Tuesday February 10, 2015 01:10PM EST
PEOPLE Top 5 are the most-viewed stories on the site over the past three days, updated every 60 minutes
- August 04, 1997
- Vol. 48
- No. 5
A Once-Beloved Fixture of Simpler Times, Woolworth Closes the Door on the Original Five-and-Dime
No longer. The Woolworth's store, which once dominated budget retailing the way its familiar, big-lettered signs dotted Main Street, will become merely a memory next year. Citing huge losses over the last several years, the parent Woolworth Corp. announced on July 17 that its last 413 general stores—down from 2,850 in 1954—will close and the company will convert the best 100 locations into such profitable chains as Foot Locker. "If you can't adjust, you're going to fail," says Robert Sobel, a Hofstra University professor. Run-down and outmoded, the Woolworth's stores, he says, "should have been buried long ago."
Launched in 1879 by Frank Winfield Woolworth, the son of a potato farmer, the chain grew steadily to more than 1,000 outlets over the next 40 years. In 1913, the firm opened its landmark Manhattan office tower—at 792 feet, then the world's tallest. And though one store became a symbol of change when black students in Greensboro, N.C., staged a civil rights protest at its lunch counter in 1960, the chain itself failed to keep step with the times. Still, many people can't get used to the idea of life without a Woolworth's around the corner. "Woolworth's is America, it's tradition, it's meant to be everywhere," laments Eva Boykin, 58, of Brooklyn, one of 9,200 employees who will be out of a job. "They're not supposed to close."
Treat Yourself! 4 Preview Issues
The most buzzed about stars this minute!