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Kresge Company, Ltd. was founded. By year end, 19 stores were operating in Canada.
1952 - S.S. Kresge Company 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.
1968 - S.S. Kresge Company and G...
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