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
Discount store goods at a single price-point or multiples thereof (£1, $2, etc.). Discount stores differ from variety stores in that they sell many name-brand products, and because of the wide price range of the items offered. After World War II, a number of retail establishments in the U.S. began to pursue a high-volume, low-profit-margin strategy designed to attract price-conscious consumers. This strategy has received renewed interest from retailers and customers alike stemming from the Great Recession that began in 2007 that forced buyers to revisit the approach to the products they wanted. Currently Aldi, the largest retailer in the world (Planet