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The Michael Berry Show

Today's Michael Berry Show IS Sponsored by...Woolco

The Michael Berry Show

KTRH

News, Politics, Society & Culture

4.82.3K Ratings

🗓️ 10 October 2023

⏱️ 3 minutes

🧾️ Download transcript

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0:00.0

Today's Michael Berry Show is sponsored by Wulco.

0:05.8

Wulco was an American-based discount retail chain that was founded in 1962 in Columbus, Ohio

0:11.9

by the FW Woolworth Company.

0:13.9

It was a full-line discount department store, unlike the five-and-dine Woolworth stores

0:19.1

which operated at the same time.

0:21.1

The creation of Wulco coincided with the expansion of suburbia across America.

0:26.2

Woolworth's flagship stores were still doing pretty well, but the company wanted to

0:29.9

tap into the growing discount department store market, without deluding its dominant

0:34.6

position in the variety store business.

0:37.2

By 1966, there were 18 locations in the United States, and the company experimented with

0:42.7

both Wulco and a more downscale merchandising unit called Worthmart in the mid-1960s.

0:49.5

Wulco was the eventual winner with customers, and the Worthmart stores were folded into

0:54.2

Wulco's by the 1970s.

0:56.6

Plans were for 30 stores to be added per year.

0:59.7

This led to tremendous growth as over 300 Wulco stores opened up across North America

1:05.8

by the mid-1970s.

1:08.1

Most Wulco stores sat at around 100,000 square feet, which really was quite large for a

1:13.3

discount department store at the time.

1:15.6

In order to cut costs, the stores were shrunk down to about 60,000 square feet, with

1:20.2

some of the excess space in the larger locations going to Jay Branham, which was an off-price

1:25.3

clothing retailer owned by Woolworths.

1:28.0

By 1979, it had become clear that the earlier cost saving plan would not be enough to save

...

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