Kmart was born as the S.S Kresge Company in 1899. The company was founded by Sebastian Spurling Kresge.
He started his career working with another giant retailer named John McCrory in Memphis, Tennessee.
However, after the partners went separate ways, Kresge became the store’s sole owner. Soon, he built several stores in eight cities between Chicago and Pittsburgh.
Kresge’s stores expanded steadily from the 1920s to the 1960s.
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The 74-year-old model, mother of billionaire Elon Musk, Maye Musk, shared that more than 35 years ago, when her son was only 14 years old. Elon Musk recommended that she invest $1,000 in stocks and buy shares of a company he “really believes in,” despite the stockbroker saying the investment was a “bad idea.” .👇
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