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
Kresge College of Loneliness"; John Grinder, co-founder of Neuro-linguistic programming and co-author of ""; and William Everson, one of the Beat poets. Distinguished graduates from the early days of Kresge College include Doug Foster, who went on to become editor of Mother Jones magazine, and Richard Bandler, who co-founded Neuro-Linguistic Programming (NLP) with John Grinder. The architecture of Kresge College is designed to resemble a residential area in Tuscany, and includes a piazzetta next to the college office and mail room. In the early days, Kresge had a threefold focus: Humanistic psychology, Women's Studies and Environmental Studies. The best history of the