America: The Next Woolworth's?

Globalist Perspective > Global Economy America: The Next Woolworth's?   By Stephen Ezell | Monday, June 24, 2013 | http://www.theglobalist.com/printStoryId.aspx?StoryId=10044   The situation the United States finds itself in today unfortunately is very similar to claims made by Woolworth's executives in the 1960s. As Stephen Ezell explains, they, too, fatally believed that there was no need to worry about emerging competition — in their case, from Kmart and other rival stores. Woolworth's, the original "five and dime" store, pioneered the modern American retail model.