Woolworth to Spend $325 Million in Capital

Woolworth Corp. said it plans record capital expenditures in 1990 of $325 million to be used principally for the continued expansion of its specialty store operations.

The company, which operates 1,600 Woolworth general merchandise stores and 6,400 specialty units worldwide, plans to open about 735 stores in 1990. About 90% of the new stores will be Foot Locker, Lady Foot Locker, Kids Mart, Champs Sports and Afterthoughts outlets.