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In 1912, he incorporated the S.S. Kresge Company with 85 stores. The company was first listed on the New York Stock Exchange on May 23, 1918. During World War I, Kresge experimented with raising the limit on prices in his stores to $1. [citation needed]
Kresge incorporated the company in 1912 under his own name as the S.S. Kresge Company. By this time there were 85 stores valued at over $10 million. The era of “five and dimes” ended in 1917 when Kresge’s was forced to raise prices to fifteen cents, due to World War I inflation.
Jun 22, 2021 · A list of stores opened by the S.S. Kresge Company between February 1959 and December 1973, including S.S. Kresge variety stores, Jupiter Discount Stores, and K mart discount department stores, with store numbers, opening dates, and opening day sales records.
Oct. 18, 1966, East Stroudsburg, Pa. (aged 99) 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.
Sep 27, 2015 · 1899- S.S. becomes the owner of a Detroit store marking the official start of the company.
The company was incorporated in 1899 as S. S. Kresge Corporation and renamed Kmart Corporation in 1977. [10] The first store with the Kmart name opened in 1962 in Garden City, Michigan. [11] At its peak in 1994, Kmart operated 2,486 stores globally, including 2,323 discount stores and Super Kmart Center locations in the United States.
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Jan 22, 2002 · 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 the New York Stock Exchange. 1929. S.S....
