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.
Farberware Walmart. Farberware Farberware is a brand which produces kitchen related appliances and cookwares. The brand was founded in New York City in 1900 and acquired by Meyer Corporation in 1997. Russian emigrant, Simon Farber, began S. W. Farber Inc in 1897, which manufactured gift trays and racks. The company was officially founded in 1900 and started as a match peddler located on the Lower East Side of Manhattan. It later expanded to Brooklyn, opening a plant there and invented a clamp-on light. During the 1940s, Simon's son Isadore became the company's president and his other son, Milton, became vice president.