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- Fedco Inc., the Southern California discount chain, is calling it quits after nearly 50 years, ending a unique experiment in altruistic retailing. The members-only general merchandise store, which filed a voluntary petition under Chapter 11, said it had finally succumbed to competitive pressures from the mass merchant channel it had helped foment.www.twice.com/product/fedco-shut-its-doors-fall-1590
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