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.
Clover (store) in America today. When Clover closed many of its stores were purchased by Kohl's, with its first major expansion to the east coast. Clover (store) Clover was a discount chain of 26 stores operated by Strawbridge & Clothier in Pennsylvania, New Jersey, and Delaware. Clover stores averaged , but the first five stores it opened, ran about to . The first Clover store opened in 1971 in Cherry Hill, NJ. The management of Strawbridge & Clothier based their Clover store format on Dayton Hudson's store chain and Federated’s Gold Circle Discount store. The name was taken from S&C's periodic sale