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.
Wright Brand Foods Wright Brand Foods Wright Brand Foods, Inc. was a meat-packing company located in Vernon, Texas, that was eventually bought by the Tyson Foods corporation in 2001. Begun in 1922 by Egbert Eggleston, what would eventually become a multimillion-dollar business started out in the back of a local grocery store. Wright Brand Foods, Inc. was a meat-packing company located in Vernon, Texas, that was eventually bought by the Tyson Foods corporation in 2001 after seeing rapid market growth beginning in the late 1980s. In 1922, Egbert Eggleston, his son Fay, and son-in-law Roy Wright, founded the Vernon Meat Company in the