The Kresge Foundation known as The Detroit Future City plan. Since July 1, 2006, the foundation has been led by Rip Rapson, formerly of the McKnight Foundation. He succeeded John Marshall III as president and CEO. In 1924, with an initial gift of $1.6 million, Sebastian Kresge established The Kresge Foundation in Detroit. Twelve years earlier, he and partner John G. McCrory opened the first 5-and-10-cent store, and parlayed the concept and operations into a chain of stores that were incorporated as the S.S. Kresge Company. Many years later the enterprise became known as Kmart. The foundation and the stores are not affiliated.
Howard Brothers Discount Stores Howard Brothers Discount Stores Howard Brothers Discount Stores (informally known as Howard Brothers and Howard's) was a chain of discount stores in the Southeastern United States. The chain was founded in 1959 by Alton Hardy Howard and W. L. "Jack" Howard, a five-term mayor of Monroe, Louisiana. The Howards were an early franchisee of Gibson's Discount Center, but they later pulled out of the franchise agreement and opened stores under their own name. In 1969, the company became a publicly traded company. In 1978, the then 78-store chain was purchased by Gamble-Skogmo, which later merged with Wickes Companies. It had