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Kresge's (SS Kresge, that is) is a chain of department stores on the east coast.
The west coast version was K-Mart.
Are there any other identifying marks on the gun?
Maybe a picture or two might help.


EDIT: just found this - https://thefiringline.com/forums/showthread.php?t=584950
If its in good shape, $130 wouldn't be out of the question.
If it were me, and they seemed in a dealin' mood, I might try to talk'em down to a century note.

Here's a short video on the .410 version of that gun...

 
Looks ok from the pictures.
Needs a vigorous rub down with an oily cloth (I've used Outers for years) to displace the surface rust, but otherwise, it doesn't look too bad.
If it checks out ok in person, ask if they can come down from that price at all and take it, if you really want it.
 
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