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Kmart's longest lasting logo, used from 1969 to 1990. 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 ...
In 2005, Sears Holdings Corporation became the parent of Kmart and Sears, after Kmart bought Sears, and formed the new parent. In 1924, Kresge established The Kresge Foundation , a non-profit organization whose income he specified simply "to promote the well-being of mankind".
Kmart started in the late 19th century when founder Sebastian Spering Kresge opened a five-and-dime store in downtown Detroit bearing his name. The Kmart brand didn’t come about until 1962. The ...
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 ...
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's and S. S. Kresge (incorporated in 1899), [257] later K-Mart Corporation (headquartered in Troy), then Sears Holdings Corporation is frequently credited with invention of the modern discount department store with the opening of Kmart in 1962. The last Kresge's store in Livonia, Michigan closed in 1987.
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In 1977, the enterprise became known as Kmart. [4] [5] The Kresge Foundation and Kmart are no longer affiliated. [6] Since 2006, the foundation has been led by Rip Rapson, formerly of the McKnight Foundation. [7] He succeeded John Marshall III who had led the foundation for 19 years as president and CEO. [8] Kresge has practiced strategic ...