McCrory Stores his last name so he would not have to pay for extra letters on his store signs. McCrory died in 1923 having built McCrory Stores Corporation into a success. However, in 1933 the company declared bankruptcy and was dissolved, but it was eventually re-established as McCrory Stores and resumed operations. One of the early investors was Sebastian Spering Kresge, who later founded the S.S. Kresge chain, which became Kmart. In 1899, Kresge traded his interest in the McCrory's Memphis, Tennessee store for McCrory's interest in the Detroit, Michigan, store, giving him control there. In 1987, the Kmart Corporation sold its
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.