Kmart Corporation. Sears Holdings, the parent company of Kmart, declared Chapter 11 bankruptcy on October 15, 2018. S. S. Kresge, the founder of the company that would become Kmart, met variety-store pioneer Frank Winfield Woolworth while working as a traveling salesman and selling to all 19 of Woolworth's stores at the time. In 1897 Kresge invested $6,700 saved from his job into a five-and-dime store in Memphis, Tennessee. He jointly owned the first store with his former tinware customer, John McCrory. Kresge and McCrory added a second store in downtown Detroit the following year. These were the first S.S. Kresge stores.
City Market (US grocery store chain) City Market (US grocery store chain) City Market is a supermarket brand of Kroger in the Rocky Mountains of the United States. City Market, Inc. has its headquarters in Grand Junction, Colorado. City Market was founded by the Prinster family in 1924, when four brothers—Paul, Frank, Leo and Clarence—moved to Grand Junction from La Junta, Colorado. Tony Prinster's father, Frank Prinster Jr., was also president of the City Market, serving from 1961 to 1978. Joseph C. Prinster was president from 1978 to 1987, and Leo T. Prinster served as president from 1987 to 1990. Tony Prinster was president from 1990