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- Under the leadership of executive Harry Cunningham, S.S. Kresge Company opened the first Kmart-named store, at 27,000 square feet (2,500 square meters), which was referred to by Kresge as a "bantam" Kmart and was in fact originally intended to be a Kresge store until late in the planning process, on January 25, 1962, in San Fernando, California, just six months before the first Walmart opened, while the first ground-up full-size Kmart with 80,000 square feet (7,400 square meters), opened on...
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Career. Following his graduation, he clerked in a hardware store for two years, then worked as a traveling salesman from 1892 to 1897. [citation needed] On March 20, 1897, Kresge began working for James G. McCrory, the founder of J.G. McCrory's, at a five and ten cent store in Memphis, Tennessee.
- Eastman Business College
- October 18, 1966 (aged 99), East Stroudsburg, Pennsylvania, U.S.
- Sebastian Spering Kresge, July 31, 1867, Allentown, Pennsylvania, U.S.
- Kmart
Jun 22, 2021 · Kresge Store Opening Record, 1959–1973. 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.
Mar 19, 2024 · By 1907 Kresge bought out Wilson and established the S.S. Kresge Company. When the firm was incorporated only five years later, it was capitalized at $7,000,000 and included 85 stores in the North and Midwest. Kresge’s original stores sold a wide selection of goods for 10 cents or less.
Just four years later in 1966, sales in 162 Kmart stores and 753 Kresge stores topped the $1 billion mark. 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.
Jan 22, 2002 · Jan. 22, 2002. Abrief chronology 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...
Sep 27, 2015 · 1899-S.S. becomes the owner of a Detroit store marking the official start of the company. 1912 – The S.S. Kresge Company goes public. There were now 85 stores with $10.3 million in sales.
Jul 3, 1985 · Starting with a single store in Detroit in 1899, Sebastian Kresge built a chain of hundreds of 5-and-10-cent stores that today, as the K Mart Corporation, is the world's second largest...
