Kresge's New Chain

The astonishing success of the low-price chain store companies has led S. S. Kresge, President of the S. S. Kresge Co., to organize the Kresge Department Stores, Inc., with a capital of $25,000,000 cumulative preferred 7% stock, and 200,000 common shares of no-par value. This Company will take over the L. S. Plaut Co. department store in Newark, as the first of a chain of such stores across the country.

The Plaut store, established in 1870, is the second largest depart- ment store in Newark, and occupies one-quarter of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!