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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. The discounter was renamed the Kmart Corporation in ...
Jan 21, 2002 · Jan. 21, 2002. Achronology of the Kmart Corporation. 1899. Sebastian S. Kresge founds the S.S. Kresge Company, opening the first store in Detroit. 1925. S.S. Kresge goes public and is listed on ...
S. H. Kress & Co. McCrory Stores or J.G. McCrory's was a chain of five and dime stores in the United States based in York, Pennsylvania. The stores typically sold shoes, clothing, housewares, fabrics, penny candy, toys, cosmetics, and often included a lunch counter or snack bar. They also exclusively sold Oriole Records, one of the most popular ...
S. S. Kresge Biography. S. S. Kresge. (Sebastian Spering Kresge) merchant, philanthropist. Born: 7/31/1867. Birthplace: Bald Mount, Pa. With a newly minted business degree in hand, Kresge worked as a traveling tinware salesman (1890–97) before opening the first of his discount retail stores whose merchandise was all priced at less than a dime.
In 1976, S.S. Kresge made history by opening 271 Kmart stores in one year, becoming the first-ever retailer to launch 17 million square feet of sales space in a single year. In 1977, nearly 95 percent of S.S. Kresge Company sales were generated by Kmart stores. To reflect this dramatic impact, the company officially changed its name to Kmart ...
The variety store was a social invention of S. S. Kresge (1867 – 1966), the man who, at the turn of the twentieth century, began building so-called "five-and-dime" stores. By the mid-century these stores had evolved into the Kresge "variety stores" found in most American towns. They later became major innovators in retailing, operating huge ...
Books. The S. S. Kresge Story. Biography of Sebastian Spering Kresge (1867-1966), and autobiography of his son (the author), Stanley Sebastian Kresge (b.1900). The father founded the S.S. Kresge Company as a single five-and-dime store in downtown Detroit in 1899. Includes history of the company, which opened its first K-Mart in 1962, and ...
