S. S. Kresge stores; one was in downtown Detroit, Michigan, for which he traded ownership in McCrory's. In 1912, he incorporated the S.S. Kresge Company 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. In 1923, he started a new company, buying out a large traditional department store in Newark, New Jersey. He renamed the store Kresge-Newark, expanded it, and started branch stores. The new department store company was completely independent from the S.S. Kresge discount department
Gibson's Discount Center headed by Gary Chaffin. Chaffin sold the company in 1992, and it filed for Chapter 11 bankruptcy in 1996. Chaffin repurchased the company in 1999, which by this time was headquartered in Dodge City, Kansas. In November 2002, Gibson's announced it would close the chain's 17 remaining stores. Two stores continue to operate independently under the Gibson's name, in Kerrville, Texas, and Weatherford, Texas. At one point in time, the Gibson's store in Great Bend, Kansas had what was called “The Biggest Outdoor Sign in Kansas.” Gibson's Discount Center Gibson's Discount Center, also known as "Gibson's," was a large discount