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Find a Grave, database and images (https://www.findagrave.com/memorial/1280/s_s-kresge: accessed ), memorial page for S. S. Kresge (31 Jul 1867–18 Oct 1966), Find a Grave Memorial ID 1280, citing Salem Church Cemetery, Gilbert, Monroe County, Pennsylvania, USA; Maintained by Find a Grave.
Advertisement. Stanley Sebastian Kresge. Birth. 11 Jun 1900. Detroit, Wayne County, Michigan, USA. Death. 30 Jun 1985 (aged 85) Michigan, USA. Burial. Woodlawn Cemetery. Detroit, Wayne County, Michigan, USA Show Map. Plot. Public mausoleum, second floor. Memorial ID. 186770917. · View Source. Suggest Edits. Memorial. Photos 13. Flowers 4.
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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 ...
- Eastman Business College
- October 18, 1966 (aged 99), East Stroudsburg, Pennsylvania, U.S.
- Sebastian Spering Kresge, July 31, 1867, Allentown, Pennsylvania, U.S.
- Kmart
Following his 1889 graduation, Kresge worked at a variety of jobs including bookkeeper and half-owner of a bakery. It was while selling hardware that he met F.W. Woolworth, the man who began the “five and dime” stores. Influenced by Woolworth’s success, Kresge invested $8,000 he had saved into the J.G. McCrory store chain in 1897.
He was the founder of the S.S. Kresge Company, a chain of dime stores, which developed into full-fledged variety stores. At first, he became the partner with J.G. McCrory, owner of a Five-and-Dime store chain.
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. In 1921, the company opened “green front” stores that ...
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