McCrory Stores his last name so he would not have to pay for extra letters on his store signs. McCrory died in 1923 having built McCrory Stores Corporation into a success. However, in 1933 the company declared bankruptcy and was dissolved, but it was eventually re-established as McCrory Stores and resumed operations. One of the early investors was Sebastian Spering Kresge, who later founded the S.S. Kresge chain, which became Kmart. In 1899, Kresge traded his interest in the McCrory's Memphis, Tennessee store for McCrory's interest in the Detroit, Michigan, store, giving him control there. In 1987, the Kmart Corporation sold its
Discount store Zeemand both operate throughout Europe. In addition, the German chains Lidl and Aldi are both operating shops in The Netherlands. New Zealand's main discount shops includes The Warehouse. Discount shops cover about 20% of food sales in Poland. Main retailers: Competition in the global discount shop industry has intensified as the various players try to undercut their rivals to attract new customers and retain existing customers with low priced goods. "See also" - List of discount shops in the United Kingdom During the period from the 1950s to the late 1980s, discount stores were more popular than the average supermarket