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  2. The Story of FedMart – The Rational Walk

  3. People also ask
    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.
    en.wikipedia.org
    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.
    en.wikipedia.org
    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.
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