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  2. Sol Price - Wikipedia

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    Who started FedMart?FedMart was a chain of discount department stores started by Sol Price, who later founded Price Club. Originally a discount department store open to government employees paying a $2 per family membership fee, FedMart earned four times more than its investors had projected in its first year.
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    Who owns FedMart?Price was joined in his business by his son, Robert, who served as Fedmart's executive vice-president until the father-and-son team sold the chain in 1975. After 21 years, Price's start-up had flowered into a 45-store chain with sales exceeding $300 million. After selling Fedmart, the Prices searched for an idea for their next business venture.
    How did FedMart become a chain of stores?FedMart developed into a chain of stores, and Price pioneered several innovations in the retail industry. FedMart became the first retailer to sell gasoline at wholesale prices. The chain was the first to open an in-store pharmacy. FedMart also opened in-store optical departments, establishing a format that was widely copied decades later.
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    How did FedMart respond to its opening?The response to FedMart’s opening was far greater than Mr. Price anticipated, and the store posted $3 million in sales in its first year. This generated immediate opposition from established retailers who correctly observed a major threat to their previously comfortable existence.
  4. The Story of FedMart – The Rational Walk

    WEBOct 12, 2022 · Sol Price founded FedMart in 1954 and pioneered the concepts that still drive the business model of membership-based discount warehouses such as Costco to this day.

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  5. FedMart - WikiMili, The Best Wikipedia Reader

  6. Mean Business: Sol Price and the FedMart story - San Diego …

  7. 50 Years Ago: FedMart opening draws huge crowd

    WEBNov 1, 2018 · Source: Wikipedia, “FedMart opening herald new era,” proclaimed the Navajo Times in its front-page article the next week. If you don’t remember stopping by that weekend, there is a good ...

  8. Pioneering ‘big box’ retailer - The San Diego Union …

    WEBJul 1, 2016 · Two years later, Price opened a 50,000-square-foot FedMart, called “Our Way,” in Houston, staffed it with African-Americans and …

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  9. Sol Price, Founder of Price Club, Dies at 93 - The New York Times

  10. Who is Sol Price? Lessons from the Discount Store Pioneer who …

  11. Sol Price: History Maker - San Diego, CA | Our City, Our Story

  12. Do You Remember Fedmart? A Store History. - YouTube

  13. The Journey from Fed-Mart to Fiesta! – Houston Historic Retail

  14. Price Club - Wikipedia

  15. PriceSmart, Inc. -- Company History

  16. What happened to Fedmart? The reason for its shutting down …

  17. Costco History and Founding: How the Wholesale Club …

  18. FedMart | Malls and Retail Wiki | Fandom

  19. History of Target Corporation - Wikipedia

  20. FedMart Department Stores - Historic Houston - HAIF - Houston's ...

  21. Hugo Mann - Wikipedia

  22. Discover The Untold Truth About Fedmart’s Mysterious …

  23. Unimart (California) - Wikipedia

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