S. S. Kresge S. S. Kresge Sebastian Spering Kresge (July 31, 1867 – October 18, 1966) was an American businessman. He created and owned two chains of department stores, the S. S. Kresge Company, one of the 20th century's largest discount retail organizations, and the Kresge-Newark traditional department store chain. The discounter was renamed the Kmart Corporation in 1977 and evolved into today's Sears Holdings Corporation, parent of Kmart and Sears. Kresge was born near Allentown, Pennsylvania, the son of Sebastian Kresge and the former Catherine Kunkle. Living on the family farm in Kresgeville (named for his ancestors) until he was 21 years
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