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Woolco ceased operations in the [[United States]] in [[1983]]. However, the [[Canada|Canadian]] division of approximately 120 stores remained open. In 1990, 26 Woolworth stores in Canada were converted to Woolco because of their larger size. In 1994, in order to repay the $1.7 billion debt incurred from international specialty store expansion, the Woolworth Corporation sold most of the Woolco Canada stores to [[Wal-Mart Canada]]. Wal-Mart did not acquire the Woolco stores that were either unionized or had downtown locations. Some Woolco stores were sold and re-opened as [[Zellers]] stores.
Woolco ceased operations in the [[United States]] in [[1983]]. However, the [[Canada|Canadian]] division of approximately 120 stores remained open. In 1990, 26 Woolworth stores in Canada were converted to Woolco because of their larger size. In 1994, in order to repay the $1.7 billion debt incurred from international specialty store expansion, the Woolworth Corporation sold most of the Woolco Canada stores to [[Wal-Mart Canada]]. Wal-Mart did not acquire the Woolco stores that were either unionized or had downtown locations. Some Woolco stores were sold and re-opened as [[Zellers]] stores.


===Canada and the United Kingdom===
===Canada ===
As a smaller, less crowded, retailing market, Woolco had a bigger impact on the retailing landscape in Canada than it did in the US. There were 160 stores in Canada at dissolution.<ref>[http://www.geocities.com/zayre88/R_woolco.html Woolco Dept. stores<!-- Bot generated title -->]</ref> They were so well-known that Canadian songwriters Leon Dubinsky and Max McDonald even wrote a popular song called "Working at the Woolco Manager Trainee Blues" (1977).<ref>[http://www.coolname.com/pipermail/cdnfolk-mirror/2001-June/001706.html [cdnfolk&#93; Song and Suggestion<!-- Bot generated title -->]</ref> During the 1970s and '80s, the Canadian stores were well-known for their monthly "$1.44 Days", wherein numerous items were sold at a price of $1.44 [[Canadian dollar|CAD]]. Competitors [[Woodward's]] & [[Eaton's]] ran "$1.49 Days" usually the first Tuesday each month. Some stores also contained an automotive and tire service department
As a smaller, less crowded, retailing market, Woolco had a bigger impact on the retailing landscape in Canada than it did in the US. There were 160 stores in Canada at dissolution.<ref>[http://www.geocities.com/zayre88/R_woolco.html Woolco Dept. stores<!-- Bot generated title -->]</ref> They were so well-known that Canadian songwriters Leon Dubinsky and Max McDonald even wrote a popular song called "Working at the Woolco Manager Trainee Blues" (1977).<ref>[http://www.coolname.com/pipermail/cdnfolk-mirror/2001-June/001706.html [cdnfolk&#93; Song and Suggestion<!-- Bot generated title -->]</ref> During the 1970s and '80s, the Canadian stores were well-known for their monthly "$1.44 Days", wherein numerous items were sold at a price of $1.44 [[Canadian dollar|CAD]]. Competitors [[Woodward's]] & [[Eaton's]] ran "$1.49 Days" usually the first Tuesday each month. Some stores also contained an automotive and tire service department



Revision as of 00:57, 6 April 2008

Woolco
Company typediscount department store
IndustryRetail
Founded1962
Defunct1983 (United States)
1994 (Canada)
FateBankruptcy in United States, but Canadian stores converted to Wal-Mart
HeadquartersColumbus, Ohio,  USA
ProductsClothing, footwear, bedding, furniture, jewelry, beauty products, electronics, toys and housewares.
WebsiteNone

Woolco was a discount retail department store chain that operated in the United States, Canada and the United Kingdom. It was founded in 1962, as a subsidiary of five-and-dime chain The F.W. Woolworth Company. Woolco stores were considered by many[1][2][3] to be Woolworth's response to S.S. Kresge Corporation's Kmart stores.

History

Creation

The creation of Woolco coincided with the expansion of suburbia. Woolworth's flagship stores were still doing well, but the company wanted to tap into the growing discount department market without diluting its dominant position in the variety store business.

The first Woolco stores were located on the outskirts of Columbus, Ohio. The stores proved successful, and by 1966 there were 18 open in the United States and 9 in Canada. Plans at the time were for 30 stores to be added per year to the base. This led to tremendous growth as over 300 Woolco stores popped up all over North America by the mid 1970s.

The company experimented with both Woolco and a more downscale merchandising unit called Worth Mart in the mid 1960s. Woolco was the eventual winner with customers, and the Worth Mart stores were folded into Woolco's store base by the 1970s.

At the outset, Woolco stores were considered by the company to be "promotional department stores," with expanded product lines and other amenities not typically found at namesake Woolworth stores.

Many locations contained Red Grille restaurants (actually a cafeteria style outlet), and the food areas sold popcorn, real milkshakes, and other food.

A number of Woolco stores were opened in the UK in the same period.[4] These were spun off along with the British Woolworths chain in 1982 and subsequently sold by Kingfisher plc to Gateway in 1986.

Demise

File:Woolcoproduct.jpg
Woolco, like other department stores in Canada, sometimes sold products under their own brand name.

The energy crisis and recessions of the 1970s took their toll on the entire Woolworth organization, with Woolco bearing the brunt of the misfortune. Also, the Woolworth organization had to take on heavy debtloads just to keep the Woolco stores operating.

The typical Woolco store size was well over 100,000 square feet, which was quite large for a discount store of that era, and many of its departments were leased to third-party operators, a common practice among early discounters.

Starting in the late 1970s, Woolworth enacted a cost-saving plan for Woolco that included a reduction in floor space for the largest locations, the elimination of most leased departments and an expansion into smaller markets with stores as small as 60,000 square feet. During this period, the excess space in some larger Woolco stores went to a Woolworth-owned off-price clothing retailer called J. Brannam, which was short for "Just Brand Names"

By 1979, it became clear that the earlier cost-saving plan would not be enough to save Woolco from failure, so Woolworth combined the discount store operating unit with its variety stores and began to close stores in unprofitable markets including Chicago.

Closure

Woolco ceased operations in the United States in 1983. However, the Canadian division of approximately 120 stores remained open. In 1990, 26 Woolworth stores in Canada were converted to Woolco because of their larger size. In 1994, in order to repay the $1.7 billion debt incurred from international specialty store expansion, the Woolworth Corporation sold most of the Woolco Canada stores to Wal-Mart Canada. Wal-Mart did not acquire the Woolco stores that were either unionized or had downtown locations. Some Woolco stores were sold and re-opened as Zellers stores.

Canada

As a smaller, less crowded, retailing market, Woolco had a bigger impact on the retailing landscape in Canada than it did in the US. There were 160 stores in Canada at dissolution.[5] They were so well-known that Canadian songwriters Leon Dubinsky and Max McDonald even wrote a popular song called "Working at the Woolco Manager Trainee Blues" (1977).[6] During the 1970s and '80s, the Canadian stores were well-known for their monthly "$1.44 Days", wherein numerous items were sold at a price of $1.44 CAD. Competitors Woodward's & Eaton's ran "$1.49 Days" usually the first Tuesday each month. Some stores also contained an automotive and tire service department

Former Woolco locations

Former Woolco locations in the US

United States

Alabama

Arizona

Arkansas

California

  • Brookhurst street @ Edinger

Colorado

Connecticut

Delaware

Florida

Georgia

Illinois

Indiana

Iowa

Kansas

Kentucky

  • Bowling Green - Bowling Green Mall (Closed in late 70's, now a Big Lots)
  • Louisville
    • Indian Trail Shopping Center (now smaller stores)
    • Pleasure Valley Shopping Center (later Home Crafters Warehouse and Crossroads Furniture, shoppin center torn down for Meijer)
  • Owensboro - Lincoln Mall (torn down, mall redeveloped as church)

Louisiana

Maine

Maryland

Michigan

Mississippi

Missouri

Nebraska

Nevada

  • Las Vegas - Charleston Plaza (mall torn down)

New Hampshire

New Jersey

New Mexico

New York

North Carolina

North Dakota

  • Bismarck - Kirkwood Plaza/Mall (later Dayton's, which converted to Marshall Fields only to be closed in 2005 - store was demolished in 2006 to create a new Target store)

Ohio

Oklahoma

Pennsylvania

Rhode Island

South Carolina

Tennessee

Texas

Virginia

Wisconsin

Former Woolco locations in Canada

Canada

Alberta

  • Calgary - (five locations including Marlborough Mall)
  • Edmonton - (five locations)
    • Capilano Mall - Currently Wal-Mart
    • Centennial Mall/Mayfield Common - Wal-Mart (1994-2003) - Currently Winners and Home Sense
    • Londonderry Mall (2 floors) - Wal-Mart (1994-2003) Currently Army and Navy lower level and Sport Check upper level
    • Heritage Mall (2 floors) - Wal-Mart (1994-1998) - Empty until mall demolition beginning in 2005
    • St. Albert Centre - Wal-Mart (1994-2002) - Currently occupied by Zellers
  • Hinton - opened 1991 - now Wal-Mart
  • Lethbridge - opened 1968 - now Wal-Mart
  • Medicine Hat - downtown - former Woolworth - converted to Woolco 1990 - not acquired by Wal-Mart
  • Red Deer - North End - Parkland Mall - Former Woolco
  • Wetaskiwin - converted to Wal-Mart, now vacant

British Columbia

Manitoba

Newfoundland and Labrador

  • Carbonear - Trinity Conception Square - opened 1978 - former Woolworth - converted to Woolco 1990 - now Wal-Mart - (65,000 sq.ft.)
  • Clarenville - Random Square - opened 1981 - former Woolworth - converted to Woolco 1990 - later Wal-Mart - now vacant - (45,000 sq.ft.)
  • Gander - Gander Mall - opened 1979 - former Woolworth - converted to Woolco 1990 -later Wal-Mart - now vacant - (80,000 sq.ft.)
  • Grand Falls-Windsor - Exploits Valley Mall - opened 1974 - former Woolworth - converted to Woolco 1990 - now Wal-Mart - (65,000 sq.ft.)
  • St. John's
    • Avalon Mall - opened 1967 - later Wal-Mart - now Sears - (143,000 sq.ft.)
    • Village Shopping Centre - opened 1978 - later Wal-Mart - now subdivided into smaller office and retail space - (128,000 sq.ft.)
    • Water Street - downtown - opened 1966 - fomer Woolworth - later converted to Woolco - then The Bargain! Shop - (195, 000 sq.ft., including office and parking space) - the biggest Woolworth's in the world - first escalator in Newfoundland - closed late 1999 – now vacant
  • Stephenville - Stephenville Plaza Mall - opened 1975 - former Woolworth - converted to Woolco 1990 -now Wal-Mart - (65,000 sq.ft.)

New Brunswick

Nova Scotia

Ontario

  • Ajax - (was Wal-Mart, later BiWay, now Shoppers Drug Mart)
  • Barrie - (was downtown, partially converted into a country music bar)
  • Brantford - opened mid-1960s - closed mid-1980s - downtown - Converted to Public Library
  • Brockville - (later Wal-Mart until it moved to a new location. Now Sears)
  • Cambridge - 90 Main Street : Downtown Galt - (Former Woolworth converted to Woolco. Closed when Wal-Mart took over. Presently vacant and due for redevelopment)
  • Chatham - North Maple Mall - (Converted to Wal-Mart. Has been rebuilt and is now a Real Canadian Superstore)
  • Cornwall - Brookdale Mall - (Was converted to Wal-Mart, and then was torn down and rebuilt as a bigger Wal-Mart)
  • Dryden Hwy 17 East. Woolworth, converted to Woolco. Sold to Wal-mart.
  • Etobicoke Honneydale Mall, Dundas & Hwy 427. Converted to Wal-mart. Closed in 2002 and moved close to Sherway Gdns. in a freestanding big box location.
  • Georgetown Georgetown Marketplace, converted to Wal-Mart
  • Hamilton, Ontario
    • Mountain Plaza Mall. Currently Wal*Mart, mall to be demolished in 2008, replaced with Wal*Mart Supercentre.
    • Eastgate Square. Opened 1973, Currently Wal*Mart.
  • Kapuskasing Model City Mall- former Woolworth - converted to Woolco 1990 - Converted to Wal-Mart. Moved to smaller single level newly constructed building on Highway 11 in 2001
  • Kenora - former Woolworth - converted to Woolco 1990 - unionized - not acquired by Wal-Mart - Currently A Bargain Shop! Store
  • Kingston - Frontenac Mall - (opened 1967, became Wal-Mart until it moved to new free-standing store in a less-central location, space is now occupied by Value Village, Premier Fitness and Liquidation World)
  • Kitchener - Fairview Park Mall - (now Wal-Mart)
  • Leamington - (Downtown location - Closed, not converted to Wal-Mart)
  • London
  • Markham - Markville Shopping Centre - (now a Wal-Mart)
  • Mississauga -
    • Square One Shopping centre - (Later the largest Wal-mart Location in the World)
    • Meadowvale Town Centre (became Wal-Mart Meadowvale and later torn down for big box stores.
  • North Bay - Northgate Square; replaced by Wal-Mart and later Sears when Wal-Mart moved to a new building
  • North York North Park Plaza @ Keele/Lawrance, now a small Wal-mart
  • Oakville - Converted to Wal-Mart, then closed when Wal-Mart moved to a new location (Now demolished)
  • Ottawa
  • Owen Sound - Grey County Mall (now closed) - Became a Wal-Mart after Woolco closed. The location is currently a No Frills since Wal-Mart's move to the East side of town.
  • Peterborough-Woolco later Wal-Mart now empty space
  • Renfrew - Renfrew Mall - Woolworth, then Woolco and later Wal-Mart until new free-standing store built in south end of town in 2003 - call centre now occupies north half of former store
  • Sarnia - Lambton Mall - (later Wal-Mart, was partially demolished to make room for additional mall space and a two-story Sears store)
  • Sault Ste. Marie - downtown on Queen Street - (now office space)
  • St. Catharines - former Lincoln Mall, Bunting Rd & Welland Ave, (now Wal-Mart
  • Stratford - downtown - former Woolworth - converted to Woolco 1990 - converted to The Bargain! Shop 1994 sold or leased to Liquidation World 2000 - now vacant
  • Sudbury - New Sudbury Centre - former Woolworth - converted into Woolco - in 1994 it was sold to Wal Mart which was demolished and is now a parking lot - Wal Mart was rebuilt in 2004 on the other side of the mall
  • Timmins - Downtown - (now vacant)
  • Timmins - Timmins Square - (Became Wal-Mart until it moved to new store outside the mall, space now occupied by Sears )
  • Toronto - Dufferin Mall - (now Wal-Mart)
  • Toronto - Centrepoint Mall (Formerly Towne & Country Mall) - (now Loblaws )
  • Toronto - (Thorncliffe Market in East York now a Zeller's at East York Town Centre)
  • Toronto - (Agincourt Mall in Scarborough now a Wal-Mart)
  • Welland - Seaway Mall - (Woolco #6332 Became Wal-Mart #3110 until it moved to be a big box store on Woodlawn Rd. near Highway 406 ~January 2005, Zellers subsequently moved to the old space moving from a smaller locale at the Seaway Mall.)
  • Whitby - Whitby Mall - (Was Woolco at the corner of Thickson Road and Hwy 2 until bought out by Walmart. In 2004 or 2005, the location moved to North Whitby, and it was replaced with a Sobeys.)
  • Windsor
    • Eastown Plaza - (at Tecumseh Rd. E. & Lauzon Rd., later Wal-Mart, closed in 2003 when new location opened up 5 blocks west of old location, entire plaza now mostly vacant)
    • Gateway Plaza - (on Dougall Ave., south of EC Row Expressway, later Wal-Mart, former Woolco/Wal-Mart store and plaza torn down in early 2000s and new, larger, free-standing Wal-mart constructed in former parking lot of plaza (north side))
  • Woodstock - Blandford Square Mall - (Became a Wal-Mart until it moved to a separate big box format store in 2002. Mall was subsequently torn down in 2006 to make way for a new Toyota assembly plant.)

Quebec

Saskatchewan

Former Woolco locations in the United Kingdom

United Kingdom

References