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American businessman
- Known for Kmart 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.
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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.
- Eastman Business College
- October 18, 1966 (aged 99), East Stroudsburg, Pennsylvania, U.S.
- Sebastian Spering Kresge, July 31, 1867, Allentown, Pennsylvania, U.S.
- Kmart
As one of America’s top three variety store chains, Kresge had 742 stores by its 40th anniversary in 1938, primarily in the Midwest and eastern U.S. The firm began a retail innovation in 1952 by converting their stores to a checkout operation, rather than one cashier behind each showcase.
Mar 19, 2024 · 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.
In this period the downtown Detroit store was called Kresge & Wilson. By 1912, when the company was incorporated in Delaware as the S.S. Kresge Company, Sebastian Kresge owned 85 stores with sales of over $10 million. Kresge retired as president in 1925 but continued as chairman of the company.
Jul 3, 1985 · Stanley Kresge began his business career with the S.S. Kresge Company in 1923, moving up the corporate ladder to become vice chairman in 1953. When his father stepped down in 1966, Mr. Kresge...
Founded by retailer Sebastian S. Kresge in 1924, The Kresge Foundation continues to fulfill his mandate: To promote human progress.
The S.S. Kresge Co. grew to be the second-largest variety chain in the U.S. The stores changed as retail trends matured over the years. The company battled anti-chain store sentiment in the 1920s and 30s.
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