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
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