1897:Sebastian Spering Kresge and John McCrory form partnership to open five-and-dime stores in Detroit and Memphis.1899:Partnership is dissolved, and Kresge takes over the Detroit stores, forming S.S. Kresge Company.1912:S.S. Kresge Company, with 85 stores and $10.3 million in sales, is...
changes included the 1978 sale of the company's 51 percent interest in Kmart (Australia) Limited to G.J. Coles & Coy for a 20 percent stake in G.J. Coles & Coy (known as Coles Myer Ltd. following a 1985 merger), thus closing out Kmart's ownership of the Australian Kmart stores. ...