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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
The S.S. Kresge Company made notable contributions to Detroit architecture, specifically the Kresge Building (now the Kales Building) on Grand Circus Park, an Albert Kahn design that served as company headquarters from 1914-1930.
S.S. Kresge stock was one of the best investments of the so-called “Roaring 1920s,” with prices before the 1929 stock crash approaching $900 a share. While no single factor explains the company's prosperity during this period, the hard work of its founder played a major role.
Jan 22, 2002 · S.S. Kresge goes public and is listed on the New York Stock Exchange. 1929 S.S. Kresge moves into the first suburban shopping center—Country Club Plaza in Kansas City, Mo.
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.
Apr 4, 2024 · It was founded as S.S. Kresge Company. In 1918, Kmart became publicly traded, with its shares listed on the New York Stock Exchange. Kmart filed for bankruptcy in 2002, and you cannot buy Kmart stock.
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 retailer.
