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Woolco information


Woolco
Company typeSubsidiary of F. W. Woolworth Company
Traded as
NYSE
IndustryDiscount department store
Founded1962 (Columbus, Ohio, United States)
Defunct1983 (United States)
1986 (UK)
1994 (Canada)
FateUnited States
Liquidation
United Kingdom
Sold to Gateway
Canada
Most stores sold to Walmart Canada and Zellers
SuccessorWoolworth/Asda (US and UK only)
Walmart Canada (Canada only)
HeadquartersColumbus, Ohio, United States
ProductsClothing, footwear, bedding, furniture, jewelry, beauty products, electronics, toys, housewares
ParentF. W. Woolworth Company

Woolco was an American-based discount retail chain. It was founded in 1962 in Columbus, Ohio, by the F. W. Woolworth Company. It was a full-line discount department store unlike the five-and-dime Woolworth stores which operated at the time. At its peak, Woolco had hundreds of stores in the US, as well as in Canada and the United Kingdom. While the American stores were closed in 1983, the chain remained active in Canada until it was sold in 1994 to rival Walmart, which was looking to enter the Canadian market. All of the former UK Woolco stores were sold by Kingfisher, which had bought the UK Woolworth business, to Gateway which subsequently sold them to Asda.

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