Discount store recent development in retailing is the "discount department store", such as Sears Essentials, which is a combination of the Kmart and Sears formats, after the companies' merger as Sears Holdings Corporation. Discount stores in the USA have included Discount store A discount store or discount shop is a retail shop which sells products at prices that are lower than the typical market price. A "full-line discount store/shop" or "mass merchandiser", such as Aldi or Lidl, may offer a wide assortment of goods with a focus on price rather than service, display or wide choice within lines. Meanwhile, a "speciality", "single
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