S. S. Kresge in 1962 in Garden City, Michigan. Kresge died in 1966. In 1977, the S. S. Kresge Corporation changed its name to the Kmart Corporation. In 2005, Sears Holdings Corporation became the parent of Kmart and Sears, after Kmart bought Sears, and formed the new parent. In 1924, Kresge established The Kresge Foundation, a non-profit organization whose income he specified simply "to promote the well-being of mankind". By the time of his death, Kresge had given the foundation over $60,000,000. A strongly committed prohibitionist, he organized the National Vigilance Committee for Prohibition enforcement and also heavily supported the Anti-Saloon League financially,
Discount store Company started opening Saks Off 5th locations to sell off-price brands. American off-price chain Nordstrom Rack has announced that its first Canadian location will be opened in Vaughan Mills in 2018. The most important discount shops in Germany are Aldi, Lidl, Netto Marken-Discount, Norma and Penny. Italy has numerous discount shops. The biggest chain is Eurospin, while others include Tuodì, MD Discount, Todis, DPIU', Discount Dial, Lidl and Penny Market. Japan has numerous discount stores, including Costco, Daiso, Don Quijote (store) and The Price (owned by Ito Yokado). Action, Euroland, Big Bazar and Zeeman are Dutch discount shops. Action and