Sebastian Spering Kresge (July 31, 1867 РOctober 18, 1966), American merchant and philanthropist, was the founder of the S.S. Kresge Company, now known as Kmart Corporation. July 31 is the 212th day (213th in leap years) of the year in the Gregorian Calendar, with 153 days remaining, as the final day of July. ... 1867 was a common year starting on Tuesday (see link for calendar). ... October 18 is the 291st day of the year (292nd in Leap years). ... 1966 (MCMLXVI) was a common year starting on Saturday (link goes to calendar) // Events January January 1 - In a coup, Colonel Jean-B̩del Bokassa ousts president David Dacko and takes over the Central African Republic. ... A philanthropist is someone who devotes his time, money, or effort towards helping others. ... new Kmart logo Kmart Corporation was a US based corporation until it merged with Sears Holdings in November 2004. ...

Born in Bald Mountain, Pennsylvania, Kresge invested in McCrory's. He founded his company in 1899 with an $8,000 investment in two five-and-ten-cent stores, one in downtown Detroit, Michigan (for which he traded ownership in McCrory's). In 1912, he incorporated the S.S. Kresge Corporation with 85 stores. The company was first listed on the New York Stock Exchange on May 23, 1918. During World War I, Kresge experimented with raising the limit on prices in his stores to $1. The first K-Mart opened in 1962. In 1977, the S.S. Kresge Corporation changed its name to Kmart Corporation. J.G. McCrorys or McCrory Stores is a defunct chain of five and dime stores in the United States based in York, Pennsylvania. ... 1899 was a common year starting on Sunday (see link for calendar). ... Five and dime was a common nickname in the United States for five-and-ten-cent stores (also called 5 and 10s), popular in the early to mid-20th century. ... City nickname: The Motor City, Motown Official website: http://www. ... 1912 (MCMXII) was a leap year starting on Monday. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE), known as the Big Board, is the largest stock exchange in the world, although its trading volume was exceeded by that of NASDAQ (historic comparison graph {pdf}) during the 1990s. ... May 23 is the 143rd day of the year in the Gregorian calendar (144th in leap years). ... 1918 (MCMXVIII) was a common year starting on Tuesday of the Gregorian calendar (see link for calendar) or a common year starting on Wednesday of the Julian calendar. ... 1962 (MCMLXII) was a common year starting on Monday (link will take you to calendar). ... For the album by Ash, see 1977 (album). ... new Kmart logo Kmart Corporation was a US based corporation until it merged with Sears Holdings in November 2004. ...

In 1924, Kresge established the Kresge Foundation, a non-profit organization whose income he specified simply "to promote the well-being of mankind." By the time of his death, Kresge had given the foundation over $60 million. 1924 (MCMXXIV) was a leap year starting on Tuesday (link will take you to calendar). ... A non-profit organization (sometimes abbreviated to not-for-profit, non-profit or NPO) is an organization whose primary objective is to support some issue or matter of private interest or public concern for non-commercial purposes. ...