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    Sol Price (January 23, 1916 – December 14, 2009) was an American retailer and the founder of FedMart, Price Club (which ultimately merged into Costco) and PriceSmart. He was considered the "father" of the "warehouse store" retail model. See more

    Price was born in The Bronx in New York City, the son of Samuel and Bella Price, Jewish immigrants to the United States from See more

    Price launched the first FedMart in 1954 and, together with his son, Robert, Giles Bateman, a nephew, Rick Libenson and others, founded See more

    January 23, 1916
    Sol Price was born in The Bronx in New York City.
    early 1920s
    The Price family relocated to San Diego.
    1931
    Sol Price graduated from San Diego High School.
    1932
    Sol Price attended San Diego State University.
    1936
    Sol Price earned his undergraduate degree (in philosophy) from the University of Southern California.
    1938
    Sol Price earned a law degree from the University of Southern California and married his girlfriend Helen Moskowitz.
    November 1938
    Sol Price was admitted to the California Bar.
    1954
    Sol Price launched the first FedMart.
    1976
    Sol Price founded Price Club.
    1980
    Price Club went public.

    In the late 1980s, Price donated $2 million to the construction of a new student center on the campus of University of California, San Diego See more

     
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  3. Our History | Price Philanthropies

    WEBThroughout his lifetime, Sol Price pioneered creative practices in retail, real estate, and philanthropy. He achieved exceptional success through his …

    • Estimated Reading Time: 3 mins
    • Sol Price, Founder of Price Club, Dies at 93 - The New York Times

    • The Untold Story of When Price Club Became Costco

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      What happened to PriceCostco?After eight months, PriceCostco spun a separate company called Price Enterprises, led by the younger Price. PriceSmart continues to operate warehouse clubs in Latin America and the Caribbean, while the domestic operations became Costco.
      en.wikipedia.org
      What happened to Costco?In 1993, our two companies, Price Club and Costco, merged to form the “Costco” we know today. We owe our legacy to the retail concept that Sol pioneered with FedMart and Price Club, as do all our competitors in the industry and big-box retailers in general.
      socialinnovation.usc.edu
      When did Price Club merge with Costco?Price Club merged with Costco in 1993. Afterward, Sol and Robert Price founded PriceSmart, which operates more than two dozen membership warehouse clubs in the Caribbean and Central America. The Price Club philosophy was simple: Keep overhead to an absolute minimum. Mr.
      When did Costco start?Price Club first opened in that location in 1976, and in 1993, Price Club and Costco merged. The name changed to PriceCostco for a while, with all locations eventually taking the Costco name just four years later, per Supermarket News. So, in terms of Costco itself, the Seattle location was the first one.
    • WEBSep 19, 2020 · As a retail revolutionary, Sol's creative brilliance changed the way we shop, first with FedMart in 1954, the retail format copied by Walmart, Kmart, and Target in 1962, and then, with the Price Club, the …

    • Sol Price: Retail Revolutionary and Social Innovator …

      WEBDec 30, 2017 · Price Club and Costco merged in 1993. Price Enterprises later spun off which Robert, Sol's son, ran; What I got out of it. An inspiring man! Sol was so innovative and caring – his intentions seemed pure as …

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    • Robert Price - Service Clerk - Costco Wholesale

      WEBAs a recent Fisher College of Business graduate, I am looking forward to joining an organization where I can contribute to an organization by putting my accounting and business knowledge to use,...

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