Introduction of Woolworth Company in Australia

Woolworths opened its first store on February 5th, 1924. This shop is located in the basement of Pete Street, and the price is surprisingly cheap. Woolworth's nominal capital is 25,000. At the beginning, 34 people held shares, including five founders: Percy Christmas, Stanley Edward Chatterton, Cecil Scott Waine, George William Percival Creed and Ernest robert williams.