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SS Kresge Co
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Heroes of the American Revolution (1975)
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1975 Heroes of the American Revolution
Company history
About SS Kresge Co    
1899: S.S. Kresge Co. founded by Sebastian S. Kresge. 1912: S.S. Kresge Co. incorporated in Delaware with 85 stores and sales of $10,325,000. 1918: S.S. Kresge Co. became a publicly traded company and was listed on the New York Stock Exchange. 1952: S.S. Kresge Co. was one of the first retailers to convert stores to checkout operations and to open stores in shopping centers. 1962: With Harry B. Cunningham as president, the company opened the first Kmart discount department store in a suburb of Detroit. Seventeen other Kmart stores opened the same year. 1966: Founder Sebastian S. Kresge died at age 99. 1966: Sales topped the $1 billion mark for the first time. Number of stores climbed to 915, including 162 Kmart stores. 1976: S.S. Kresge opened a record 271 Kmart stores, the first time a retailer launched 17 million square feet of retail space in a single year. Total stores reached 1,647; of those, 1,206 were Kmart stores. 1977: Name changed from S.S. Kresge Co. to Kmart Corp. to reflect that in 1976, sales at Kmart stores accounted for 94.5 percent of the company's domestic consolidated sales.
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