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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
Two were five-and-ten-cent stores, and McCrory brought on Kresge to help manage them. In 1897, Kresge traveled to Memphis and opened a store there as an equal partner to McCrory. Later that year, the duo also opened a Detroit store on Woodward Avenue. By 1899, Kresge was the full owner and manager of that store, and the S.S. Kresge Co. was born.
Jul 23, 2015 · The Kresge building was expanded in 1941 to meet demand for more great deals. By the late 1960s, S.S. Kresge’s moved to a new location at 37th and Minnesota under the new company banner, Kmart.
The official S.S.Kresge Company, bringing Kmart and Sears back in business
Let us set the stage for the chief actors in this melancholy tale. For Anna and Freda Trefall, sisters and fellow clerks at the Ontario S. S. Kresge store, the fateful day began early. They got up at 6 a.m. at their 2308 Carnegie Avenue boarding house, lest they be tardy when the dime store opened at 9 a.m. sharp.
3215 W. Big Beaver Road Troy, MI 48084 +1 248-643-9630. Contact Us. Founded by retailer Sebastian S. Kresge in 1924, The Kresge Foundation continues to fulfill his mandate: To promote human progress.
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.
