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S. S. Kresge. 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 ...
- Eastman Business College
- October 18, 1966 (aged 99), East Stroudsburg, Pennsylvania, U.S.
- Sebastian Spering Kresge, July 31, 1867, Allentown, Pennsylvania, U.S.
- Kmart
Mar 19, 2024 · S.S. Kresge was an American merchant who established a chain of nearly 1,000 variety and discount stores throughout the United States. Kresge worked as a traveling salesman before going into business with one of his customers, John G. McCrory, the owner of several department and five-and-ten-cent
Learn about the history of Kresge, a Detroit-born dime store chain that became Kmart and Sears Holding Corporation. Explore the architecture, innovation, and philanthropy of the company and its founder Sebastian Spering Kresge.
Merchant — Humanitarian — Philanthropist. With a simple but profound directive, “To promote the well-being of mankind,” The Kresge Foundation was established in 1924 by Detroit retail magnate Sebastian Spering Kresge (1867-1966) as he built one of America’s largest retail enterprises, the S.S. Kresge Company, and used his wealth to contribute to the general benefit and welfare of ...
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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. While floorplans expanded and merchandise offerings swelled, Kresge focused on keeping the average cost of items low and affordable.
Sebastian Kresge was known for his generosity. To celebrate the 25th anniversary of the S.S. Kresge Company, he started the Kresge Foundation in 1924 to “promote the well-being of mankind.”. A staunch prohibitionist, he also donated sums to the Anti-Saloon League. Kresge was very much involved in his foundation, in an effort to “leave the ...
Sep 27, 2015 · 1912 – The S.S. Kresge Company goes public. There were now 85 stores with $10.3 million in sales. 1915 – S.S. builds the Kresge Building in Detroit and a home on Boston Boulevard for his first ...
