The Kresge Foundation known as The Detroit Future City plan. Since July 1, 2006, the foundation has been led by Rip Rapson, formerly of the McKnight Foundation. He succeeded John Marshall III as president and CEO. In 1924, with an initial gift of $1.6 million, Sebastian Kresge established The Kresge Foundation in Detroit. Twelve years earlier, he and partner John G. McCrory opened the first 5-and-10-cent store, and parlayed the concept and operations into a chain of stores that were incorporated as the S.S. Kresge Company. Many years later the enterprise became known as Kmart. The foundation and the stores are not affiliated.
Clover (store) 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 days, "Clover Days". The similarities to Target were evident throughout the life of Clover. The earliest locations included a food store (Clovermarket) adjacent