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Kresge was born near Allentown, Pennsylvania, the son of Sebastian Kresge and the former Catherine Kunkle.Living on the family farm in Kresgeville (named for his ancestors) until he was 21 years old, he was educated in the local public schools, the Fairview Academy, in Brodheadsville, Pennsylvania, and at the Eastman Business College in Poughkeepsie, New York, from which he graduated in March ...
The company was incorporated in 1899 as S. S. Kresge Corporation and renamed Kmart Corporation in 1977. [12] The first store with the Kmart name opened in 1962 in Garden City, Michigan . [ 13 ] At its peak in 1994, Kmart operated 2,486 stores globally, including 2,323 discount stores and Super Kmart Center locations in the United States.
In 1972, the Kresge company, the precursor of Kmart, moved its headquarters there from Detroit (where its former headquarters is now the Metropolitan Center for High Technology). [1] In 1975 a Michigan historic marker was erected to mark the significance of the company. [2] It was constructed for more than 5,500 headquarters staff. [3]
The Kresge was renamed Kmart Corp. in 1977. Herald-Leader. Kmart. In January 2002, Gary McDonald leaves Big Kmart on Northwest 57th Avenue and 183rd Street after picking up a few home supplies. C ...
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Kresge may refer to: Kresge (surname) S. S. Kresge Corporation, a former American department store chain, predecessor of Kmart retail stores; The Kresge Foundation, a philanthropic organization established by Sebastian S. Kresge in 1924; Kresge Hearing Research Institute, a research institute of Department of Otolaryngology in Ann Arbor, Michigan
One of McCrorey's early investors was Sebastian Kresge, who later founded the S.S. Kresge chain. This chain would become Kmart in 1962. In 1899, Kresge traded his interest in the Memphis, Tennessee, McCrory store for the Detroit, Michigan, one, giving him control there. [1] In 1915, the J. G. McCrory Company became McCrory Stores Corporation. [2]
Kresge was the last of Newark's department stores to remain independent, and its customer loyalty was fierce. During the Christmas selling season, Kresge's operated a monorail ride around its toy department, and its Breakfast With Santa sold out early each season. [3] In the 1940s the firm opened a multi-story parking garage, one block from its ...