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Newspaper
Ada Weekly News
Location
Ada, Oklahoma, United States of America
Date
Aug 26, 1976
Page
5
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Robert E. Dewar Ervin E. Wardlow and Walter H. Teninga head the S. S. Kresge Company leadership Their roles span chief executive officer president and chief operating officer and vice chairman with extensive careers at Kresge and Kmart and notable growth from 433 million in 1961 to 6.8 billion in fiscal 1975.
Harry B. Cunningham led Kresge from store manager to chairman and launched the Kmart discount chain in 1962. The plan backed $80 million for 60 sites with 32 commitments, and by 1975 over 900 K marts operated in the U S Puerto Rico Canada and Australia with plans for 100 more in 1976. Cunningham retired as chairman in 1972 and remains a director and honorary chairman.
Jim Caudle purchases the McFarland Robertson Magnavox Home Entertainment Center at 221 E Main Ada taking over the business. Henry A McFarland and N A Robertson plan to retire but will stay active in a sound systems service firm. Caudle relocates family from Edmond and outlines remodeling plans.
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