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S.S. Kresge stock was one of the best investments of the so-called “Roaring 1920s,” with prices before the 1929 stock crash approaching $900 a share. While no single factor explains the company's prosperity during this period, the hard work of its founder played a major role.
Last week the common stock of S. S. Kresge & Co. (five and ten cent stores) began to climb, to leap ahead, now five points, now ten points, like an excited tree-toad. Before the week was over...
Sebastian Spering Kresge (July 31, 1867 – October 18, 1966) was an American businessman. He created and owned two chains of department stores: the S. S. Kresge Company, one of the 20th century's largest discount retail organizations, and the Kresge-Newark traditional department store chain.
Oct 4, 2024 · Kmart stock was a publicly traded company in the past. It was founded as S.S. Kresge Company. In 1918, Kmart became publicly traded, with its shares listed on the New York Stock Exchange. Kmart filed for bankruptcy in 2002, and you cannot buy Kmart stock.
The company's orderly expansion changed after 1929, when the Depression-era stock market plunged the price of Kresge stock from $57.50 per share to an eventual low of $5.50. This was a severe blow to company management, which had pledged its support by taking turns to buy the deflated stock, gambling on its bottoming out at $26.
The S.S. Kresge Company made notable contributions to Detroit architecture, specifically the Kresge Building (now the Kales Building) on Grand Circus Park, an Albert Kahn design that served as company headquarters from 1914-1930.
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Dec 29, 2022 · S.S. Kresge Cafeteria Restructuring and Decline. During World War I, his stores were forced to raise prices to 15 cents, leading to the end of the “five and dimes” era. In 1921, the company opened “green front” stores that sold items ranging from 25 cents to $1.00, while traditional stores were referred to as “red front” stores.
