Kmart of the first Kmart, some poorly performing S.S. Kresge stores were converted to a new "Jupiter Discount Stores" brand, which was conceived as a bare-bones, deep discount outfit. During the 1970s, Kmart put a number of competing retailers out of business. Kresge, Jupiter and Kmart stores mainly competed with other store chains like Zayre, Ames, Bradlees, Caldor, Hills, and those that were operated by MMG-McCrory Stores (McCrory, McLellan, H.L. Green, J.J. Newberry, S.H. Kress, TG&Y, Silver's and eventually G.C. Murphy Co.). In 1977, S.S. Kresge Company changed its name to K Mart Corporation. In 1980, Vice Chairman Bernard M. Fauber
S. S. Kresge old, he was educated in the local public schools, the Fairview Academy, in Brodheadsville, Pennsylvania, and at the Eastman Business College, from which he graduated in March 1889. Following his graduation, he clerked in a hardware store for two years, then worked as a traveling salesman from 1892 to 1897. On March 20, 1897, Kresge began working for James G. McCrory, the founder of J.G. McCrory's, at a five and ten cent store in Memphis, Tennessee. He continued there for two years. In 1899 he founded his own company, with Charles J. Wilson, with an $8,000 investment in two five-and-ten-cent