Kmart Corporation. Sears Holdings, the parent company of Kmart, declared Chapter 11 bankruptcy on October 15, 2018. S. S. Kresge, the founder of the company that would become Kmart, met variety-store pioneer Frank Winfield Woolworth while working as a traveling salesman and selling to all 19 of Woolworth's stores at the time. In 1897 Kresge invested $6,700 saved from his job into a five-and-dime store in Memphis, Tennessee. He jointly owned the first store with his former tinware customer, John McCrory. Kresge and McCrory added a second store in downtown Detroit the following year. These were the first S.S. Kresge stores.
Discount Investment Corporation standing for Israel Discount Bank) founded in 1969. In 2002 the company sold its holdings to a group of investors headed by Nochi Dankner. In September 2012, Discount Investment Corporation and its parent company IDB Holdings had a "going concern" warning attached to their second-quarter financial reports by the group's auditors, who doubt the company can meet all its debt-repayment obligations in the foreseeable future. Bondholders of the company's debt started the process of taking control over the company. Discount Investment Corporation Discount Investment Corporation Ltd. (“DIC”) () is a holding company based in Israel. The company is listed on