Purdy-Kresge Library with a five and ten cent store that opened in 1899 in Downtown Detroit and now there are thousands of K-mart stores in the U.S. and in other countries. Also being a successful business man Kresge was a philanthropist. When The Kresge Foundation was founded in 1924, he thought his gains would be able to better mankind. The Kresge Foundation has donated millions of dollars to many colleges and organizations but the foundation is also known as a “bricks and mortar” foundation because it helped institutions and non-profit organizations. In 1949, the trustees of The Kresge Foundation offered Wayne State
Discount store disappeared, while the Dayton-Hudson Corporation eventually divested itself of its department store holdings and renamed itself Target Corporation). In the United States, discount stores had 42% of overall retail market share in 1987; in 2010, they had 87%. Many of the major discounters now operate "supercenters", which add a full-service grocery store to the traditional format. The Meijer chain in the Midwest consists entirely of supercenters, while Wal-Mart and Target have focused on the format as of the 1990s as a key to their continued growth. Although discount stores and department stores have different retailing goals and different markets, a