Purdy-Kresge Library with a five and ten cent store that opened in 1899 in Downtown Detroit and now there are thousands of K-mart stores in the U.S. and in other countries. Also being a successful business man Kresge was a philanthropist. When The Kresge Foundation was founded in 1924, he thought his gains would be able to better mankind. The Kresge Foundation has donated millions of dollars to many colleges and organizations but the foundation is also known as a “bricks and mortar” foundation because it helped institutions and non-profit organizations. In 1949, the trustees of The Kresge Foundation offered Wayne State
L.A. Joe Department Store were paid 40%. 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