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
L.A. Joe Department Store L.A. Joe Department Store L.A. Joe Department Store was a chain of Charleston, West Virginia based discount department stores that existed until June, 1992. L.A. Joe was the retail brand name of Retail Acquisition Corporation which at its peak owned 70 discount department stores throughout West Virginia, Virginia, Maryland, Ohio, Indiana and Kentucky. Retail Acquisition Corp/L.A. Joe purchased the struggling Heck's Department Store chain in 1990. The company experienced $19.5 billion in losses between 1990 and 1991, and in 1991 liquidated 22 of its stores under Chapter 11. By June 1992, the remainder of the stores had been liquidated. Creditors