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
Charles T. Kresge and the Thomas Alva Edison Award in 2008. He was also honored by election to the US National Academy of Engineering (2007). In 2011, he was Honorary Chair of the 22nd North American Catalysis Society meeting in Detroit, Michigan. Charles T. Kresge Charles T. Kresge is a chemist and retired Chief Technology Officer (CTO) of Saudi Aramco. He was R&D Vice President at the Dow Chemical Company. His area of expertise is inorganic synthesis and his primary field of research is in the area of crystalline aluminosilicate materials, particularly for the discovery of mesoporous molecular sieves. Kresge received his bachelor's