Woolworth GmbH is a German discount retailer, founded in 1927. It is currently headquartered in Unna, North Rhine-Westphalia.
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 An example of a Woolworth store in Wuppertal | |
| Company type | GmbH |
|---|---|
| Founded | 1927 |
| Founder | F. W. Woolworth Company |
| Headquarters | Unna, North Rhine-Westphalia |
Area served | |
Key people | Roman Heini (CEO) |
| Owner | Tengelmann Group |
| Website | woolworth |
The retailer was originally established as the German division of the American F. W. Woolworth Company, until a management buyout separated it in 1998 to become its own independent company.
In May 2023, it opened its first store in Poland, and then in November 2023, re-established in Austria.[1] Prior to this, it purchased the defunct British and Irish Woolworths brands from The Very Group in July 2021.[2][3] In January 2024, CEO Roman Heini told BBC News that it owned the rights to the 'Woolworth' and 'Woolworths' names throughout Europe, and that it is seeking European expansion.[4]
History
editIn 1927, F. W. Woolworth Co. GmbH was founded with its first store in Bremen. It was a subsidiary of the F. W. Woolworth Company, based in the United States.[5] When it was still part of the original parent company, corporate documents referred to the division as Retail Company of Germany, Inc.
In 1968, the company opened German headquarters in Frankfurt.[5]
The German subsidiary separated from its American parent company in 1998, through a management buyout, and the company was officially renamed to "DWW Deutsche Woolworth GmbH & Co. OHG".[5]
In 2005, the brand opened its 330th store in Germany.[6]
In October 2007, the British investment and consulting company Argyll Partners along with the US financial investor Cerberus Capital Management bought the company.[7]
On 11 April 2009, the Woolworth GmbH board of directors voted to declare insolvency as the chain was squeezed between discounters and more specialist retailers.[5] 23 branches were taken over by the NKD store chain.[8] By the end of August the Federal Cartel Office approved the acquisition of 71 Woolworth stores by the Schlecker retail chain. In September Woolworth started operating as 162 store chain down from 310. During the insolvency the Austrian branches were separated from the German chain in October and bought by bluO an Austrian financial investor, 9 of the 12 stores were later rebranded to Adler and the others closed.[9]
In May 2010, Woolworth was sold to HH Holding, a subsidiary of the Tengelmann Group (which owns KiK and OBI), and by 1 July the headquarters had moved from Frankfurt to Unna.[10][5] By the end of 2011, the store number had risen to over 200.
In February 2016, the chain opened its 300th branch in Dortmund city centre.[5]
On 31 October 2019, the 400th store opened in Bielefeld.[11][12]
In September-October 2020, the new headquarters opened in Unna located in the Unna/Kamen industrial park, it includes a distribution centre, when it opened the complex had around 450 staff, and will eventually have over 1,000 staff.[13]
Woolworth did not close any stores during the Covid-19 Pandemic and remained relatively unscathed and opened over 100 stores since the start of 2020.[14][better source needed]
During Autumn 2021, the company started working with ImmoScout24, a real estate platform, to help find spaces where new stores would work well.[14]
In October 2022, Woolworth announced that it sees potential for more than 1,000 locations in the medium term and announced that the chain would expand to Poland in May 2023, it was also stated that the chain had experienced immense financial growth and was becoming more popular due to the cost of living crisis.[14]
Woolworth opened its first Polish store in Kraków on 8 May 2023.[15] Other stores quickly followed in Poznań and Warsaw.[16]
The chain returned to Austria in November of 2023 with a store in Eisenstadt.In 2024, it was announced that they are planning to bring the brand back to the UK and may add back the 'S' so that it can be called Woolworths instead of Woolworth. [17]
Sustainability
editSince 2016, Woolworth has stopped using environmentally harmful plastic shopping bags and instead uses reusable, PET and paper bags. During the opening of new stores and renovation of old stores new energy efficient LED lights are installed.
The headquarters in Unna generates some of its own electricity and heat via a combined heat and power plant. Woolworth uses the principle of core activation to regulate temperature through the buildings.[18]
External links
editReferences
edit- ^ Norman, Winston (2023-11-13). "Woolworth opens first location in Austria". EuropaProperty.com. Retrieved 2024-12-31.
- ^ "Unknown".[permanent dead link]
- ^ admin, admin. "About Us". eregister.ipoi.gov.ie. Retrieved 2024-02-13.
- ^ "Woolworths could return to British High Streets". BBC News. 2024-01-23. Retrieved 2024-12-31.
- ^ a b c d e f "Geschichte". Woolworth (in German). Retrieved 2022-10-08.
- ^ "History". Woolworth. Retrieved 2024-12-31.
- ^ "History". Woolworth. Retrieved 2024-12-31.
- ^ "Nordbayerischer-Kurier.de » NKD übernimmt 23 Woolworth-Filialen". 2012-06-06. Archived from the original on 6 June 2012. Retrieved 2022-10-08.
- ^ "Woolworth verlässt Spittal, Adler kommt > Kleine Zeitung". 2010-12-04. Archived from the original on 4 December 2010. Retrieved 2022-10-08.
- ^ Welle (www.dw.com), Deutsche. "Discount giant takes over Woolworth Germany | DW | 13.05.2010". DW.COM. Retrieved 2022-10-08.
- ^ Rother, Dennis; Huhn, Frauke. "Großer Ansturm auf neue Woolworth-Filiale in Bielefeld". Bielefeld Mitte: Aktuelle News & Nachrichten (in German). Retrieved 2022-10-08.
- ^ Rother, Dennis. "Neueröffnung: Woolworth-Filiale in Bielefeld macht heute auf". Bielefeld Mitte: Aktuelle News & Nachrichten (in German). Retrieved 2022-10-08.
- ^ "Woolworth bezieht neue Zentrale - Bau der Verwaltung abgeschlossen". Woolworth (in German). Retrieved 2022-10-08.
- ^ a b c "Woolworth is aiming for "more than 1,000 locations" in Germany - World News | TakeToNews". 2022-10-05. Retrieved 2022-10-08.
- ^ polishnews (2023-04-06). "Woolworth enters Poland. Krakow, Poznan, Warsaw - store opening dates and locations". Polish News. Retrieved 2023-07-18.
- ^ "CIJ EUROPE". cijeurope.com. Retrieved 2023-07-18.
- ^ kriz (2023-11-07). "Woolworth expands in Austria and opens first location in Eisenstadt In 2024, it was announced that they are planning to bring the brand back to the UK and may add back the 'S' so that it can be called Woolworths instead of Woolworth". ACROSS. Retrieved 2023-12-13.
- ^ "Neue Woolworth Zentrale in Unna vorzeitig fertiggestellt". Rundblick Unna (in German). 2020-09-16. Retrieved 2022-10-08.