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WOOLWORTH CORPORATION COMPLETES ACQUISITION OF ACCESSORIES STORES

WOOLWORTH CORPORATION COMPLETES ACQUISITION OF ACCESSORIES STORES
 NEW YORK, Sept. 30 /PRNewswire/ -- Woolworth Corporation (NYSE: Z) announced today that its wholly owned subsidiary, F.W. Woolworth Co., has completed the previously announced acquisition of the assets of the Joan Bari and Cabaret accessories boutiques from Edison Brothers Stores, Inc. of St. Louis, Missouri.
 The stores will be operated as part of F.W. Woolworth Co.'s Afterthoughts/Carimar chain of costume jewelry, handbags and accessories boutiques, located in major malls in all 50 states. The newly acquired stores, averaging about 1,000 square feet each, are also in principal malls in the United States. With the addition of these stores, the Afterthoughts/Carimar chain, first launched in 1985, will have over 700 stores.
 F.W. Woolworth Co. also operates 26 The Best of Times stores, featuring brand-name watches and clocks, and some 117 stores in The San Francisco Music Box Company chain, which specializes in musical giftware. In addition, F.W. Woolworth Co. operates some 900 general merchandise stores.
 Woolworth Corporation, with 1991 revenues of approximately $10 billion, is a leading multinational retailer with approximately 8,700 stores in more than 40 different formats worldwide. The stores are located in 11 countries - the United States, Canada, Mexico, Germany, England, Belgium, Italy, the Netherlands, Luxembourg, France and Australia.
 -0- 09/30/92
 CONTACT: Frances E. Trachter of Woolworth, 212-553-2394
 (Z EBS) CO: WOOLWORTH CORPORATION; EDISON BROTHERS STORES, INC. IN: REA ST: NY,MO -- NY077 -- X623 09/30/92
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Publication:PR Newswire
Date:Sep 30, 1992
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