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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549






                                    FORM 8-K


                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934



Date of Report (Date of earliest event reported):  April 6, 1998





                        WOOLWORTH CORPORATION

             (Exact name of registrant as specified in its charter)



      New York                        No. 1-10299               13-3513936
(State or other jurisdic-            (Commission               (IRS Employer
 tion of incorporation)               File Number)          Identification No.)



233 Broadway, New York, New York                               10279-0003
(Address of principal executive offices)                       (Zip Code)




Registrant's telephone number, including area code: (212) 553-2000



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Item 5.           Other Events.

                  On April 6, 1998, the Registrant announced that Allan Z. Loren
had been elected a director of the Registrant, effective April 8, 1998. Mr.
Loren has been elected for a term expiring at the 1998 annual meeting of
shareholders of the Registrant. (See Exhibit 99, which, in its entirety, is
incorporated herein by reference.)


Item 7.           Financial Statements and Exhibits.

(c)      Exhibits


                  In accordance with the provisions of Item 601 of Regulation
S-K, an index of exhibits is included in this Form 8-K on page 3.


                                   SIGNATURES


                  Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned being hereunto duly authorized.



                                                         WOOLWORTH CORPORATION
                                                                 (Registrant)


Date:  April 7, 1998                                 By: /s/GARY M. BAHLER
                                                         -----------------
                                                         Gary M. Bahler
                                                         Vice President, General
                                                         Counsel and Secretary








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                              WOOLWORTH CORPORATION

                                INDEX OF EXHIBITS
                             FURNISHED IN ACCORDANCE
                             WITH THE PROVISIONS OF
                           ITEM 601 OF REGULATION S-K

Exhibit No. in Item 601
   of Regulation S-K                                         Description
   -----------------                                         -----------

           1                                                      *
           2                                                      *
           3                                                      *
           4                                                      *
           5                                                      *
           8                                                      *
           9                                                      *
          10                                                      *
          11                                                      *
          12                                                      *
          13                                                      *
          15                                                      *
          16                                                      *
          17                                                      *
          18                                                      *
          19                                                      *
          20                                                      *
          21                                                      *
          22                                                      *
          23                                                      *
          24                                                      *
          25                                                      *
          26                                                      *
          27                                                      *
          99                                                  News Release Dated
                                                              April 6, 1998


- -----------------------------
  * Not applicable.




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FOR IMMEDIATE RELEASE                              CONTACT:   Juris Pagrabs
                                                              Vice President
                                                              Investor Relations
                                                              (212) 553-7017


                 WOOLWORTH CORPORATION ELECTS ALLAN Z. LOREN TO
                             THE BOARD OF DIRECTORS

NEW YORK, New York, April 6, 1998 - Woolworth Corporation (NYSE:Z) today
announced that Allan Z. Loren, executive vice president and chief information
officer of American Express Inc., a travel and financial services company, has
been elected to the Company's board of directors, effective April 8, 1998. Mr.
Loren, age 59, will become the eleventh member of the board, nine of whose
members are from outside the Company.

"We are delighted to welcome an executive of the caliber of Allan Loren to our
board of directors," said Roger Farah, chairman of the board and chief executive
officer of Woolworth Corporation. "His vast business knowledge and experience
managing global information systems will be of significant value as we focus on
implementing our worldwide information technology initiatives."

Mr. Loren, who has nearly 40 years of business experience, joined American
Express in 1994 as executive vice president and chief information officer. He
serves on the American Express Planning and Policy Committee, which consists of
the company's senior executives and business unit heads. Prior to this, he
served as president and chief executive officer of Galileo International, one of
the world's leading providers of electronic global distribution services for the
travel industry, and as president of Apple Computer USA. Mr. Loren's experience
also includes a number of senior leadership positions held throughout his
16-year career at CIGNA Corporation, where he rose to the positions of chief
information officer and president of its systems division. Mr. Loren currently
serves on the board of Reynolds & Reynolds Company.

Woolworth Corporation is a diversified global retailer that operates over 7,200
retail stores in 12 countries in North America, Europe, Australia and Asia.
Through its athletic group of specialty retail formats, including Foot Locker,
Lady Foot Locker, Kids Foot Locker and Champs Sports stores as well as its
direct marketer Eastbay, the company is a leading provider of athletic footwear
and apparel. Other specialty retail chains include the Northern Group of apparel
stores, Afterthoughts jewelry stores and Kinney family shoe stores.