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.
Kresge College Kresge College Kresge College is one of the residential colleges that make up the University of California, Santa Cruz. Founded in 1971, Kresge is located on the western edge of the UCSC campus. Kresge is the sixth of ten colleges at UCSC, and originally one of the most experimental. The first provost of Kresge, Bob Edgar, had been strongly influenced by his experience in T-groups run by NTL Institute. He asked a T-group facilitator, psychologist Michael Kahn, to help him start the college. When they arrived at UCSC, they taught a course, Creating Kresge College, in which they and the