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Sebastian Spering Kresge (July 31, 1867 – October 18, 1966) was an American businessman. He created and owned two chains of department stores, the S. S. Kresge Company, one of the 20th century's largest discount retail organizations, and the Kresge-Newark traditional department store chain.
S.S. Kresge Company. Before discount stores, there were variety “dime stores,” called so because products sold for either a dime or a nickel. Kresge, founded in 1899, was a Detroit-born dime store where shoppers could find daily needs such as housewares, linens, clothing, school supplies, and toys.
Expanding Equity and. Opportunity in America’s Cities. 3215 W. Big Beaver Road Troy, MI 48084 +1 248-643-9630. Contact Us. Founded by retailer Sebastian S. Kresge in 1924, The Kresge Foundation continues to fulfill his mandate: To promote human progress.
Home. Learn. Encyclopedia Of Detroit. Kresge, Sebastian S. Encyclopedia Of Detroit. Alphabetical. Category. Term. Kresge, Sebastian S. Retail chain founder Sebastian Spering Kresge was born in Bald Mount, Pennsylvania on July 31, 1867. His parents, Sebastian Sr. and Catherine Kunkle Kresge were Pennsylvania Dutch farmers.
Jul 3, 1985 · Stanley Sebastian Kresge, who with his wife, Dorothy, channeled about $500 million to charitable, civic, religious, social, educational, medical and cultural beneficiaries, died Sunday of a...
S.S. Kresge (born July 31, 1867, Bald Mount, Pa., U.S.—died Oct. 18, 1966, East Stroudsburg, Pa.) was an American merchant who established a chain of nearly 1,000 variety and discount stores throughout the United States.
Leadership →. Great American Business Leaders of the 20th Century. Request the Data. Sebastian S. Kresge. S. S. Kresge Company. 1907–1925. Industry: Retail. Era: 1900. Kresge built the precursor to K-Mart, one of the first mass discounters. He started with ten-cent stores and developed full-fledged variety stores.
