In the USA the Woolworth retail brand disappeared in 1997 when the brand was converted into a sporting goods retailer, firstly under the name Venator Group, and then in 2001, changing its name to Foot Locker Inc. However, Manhattan was left with a memorable and long lasting treasure on which to gaze with pleasure and act as a constant reminder of F. W. Woolworth Company.
Many find the Woolworth Building, at 233 Broadway, to be one of the most attractive elements of New York's skyline; the elegant structure was called the "cathedral of commerce" when it was built and it was the tallest building in the world from 1913 until 1930. The design is neo-gothic, with finials and small spires accenting the main tower. Subtle shading creates the illusion of shadow and adds to the sense of verticality.
Mr F. W. Woolworth paid $13 million in actual cash to to have it built, and the lobby includes a carved representation of him counting coins - not bad for a 'five-and-dime' business man. After the chain went out of business in the late 1990's the building was sold for $155 million to the Witkoff Group.