During COVID no company is making a comeback or a revival. It'd be like flogging a dead horse at the moment.
New York's real estate market has flipped on it's head. Potentially another Detroit if COVID doesn't go away time soon.
Woolworths has always been online since their store closures in the UK. Wilko's, B&M and poundstores took over. Wooly's used to do well for DVD's and CD's because there was rarely a HMV in local areas. But there was a Woolys. I'm not sure what gap they'd be filling if they were to come back to the highstreets, they'd be going head on with Wilko etc. which would crumble their business ... again. It'd be suicide.
Now is a great time for people to set up websites and stores online though. Shameless plug ... I'm a software developer ... hit me up if you got an idea and cash