[2] Woolworth began his retail career at the Smith and Moore Dry Goods Store in Watertown in 1873.
It was during his time here that he was given the idea of selling fixed price merchandise, which led him to create his successful chain of five and dime department stores in 1879.
[3] In 1916, Woolworth purchased the American Building in Watertown, which housed the store in which he began his career.
In 2008, a developer purchased the building, with hopes of converting it into a boutique hotel, which would bear the Woolworth name.
[6] This plan was abandoned in 2012 in favour of a proposal to transform the upper floors into low-income residential apartments.