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.
Israel Discount Bank building the 30-story Bank Discount Tower to house the bank headquarters on Herzl Street in Tel Aviv, Bank Discount undertook the historical restoration of the Schiff House, built in 1910. The building reopened as the Museum of Banking and Tel Aviv Nostalgia, featuring interactive exhibits and old movie clips. Israel Discount Bank Israel Discount Bank Ltd. () is one of Israel's three largest banks, with 260 branches, around 5,700 staff, and assets of ₪185 billion (US$48 billion). Israel Discount Bank, formerly known as "Eretz Yisrael Discount Bank" or "Palestine Discount Bank", was founded on 5 April 1935 by Leon Recanati,