S. S. Kresge stores; one was in downtown Detroit, Michigan, for which he traded ownership in McCrory's. In 1912, he incorporated the S.S. Kresge Company with 85 stores. The company was first listed on the New York Stock Exchange on May 23, 1918. During World War I, Kresge experimented with raising the limit on prices in his stores to $1. In 1923, he started a new company, buying out a large traditional department store in Newark, New Jersey. He renamed the store Kresge-Newark, expanded it, and started branch stores. The new department store company was completely independent from the S.S. Kresge discount department
S. C. Johnson & Son S. C. Johnson & Son S. C. Johnson & Son, Inc. (commonly referred to as S. C. Johnson, previously S. C. Johnson Wax and Johnson Wax) is an American multinational privately held manufacturer of household cleaning supplies and other consumer chemicals based in Racine, Wisconsin. In 2017, S. C. Johnson employed approximately 13,000 and had estimated sales of $10 billion. The company is owned by the Johnson family. H. Fisk Johnson, Chairman and CEO since 2004, is the fifth generation of the Johnson family to lead the company. The company is one of the oldest family-owned businesses in the U.S,