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

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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 · Learn how Sol Price created the membership warehouse club industry with FedMart, a discount retailer that served federal government workers and their families. Read about Price's vision, …

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  5. 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 ...

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

  7. WebJul 1, 2016 · (Its name was an acronym for “federal employees merchandise mart”). Only military and government employees were eligible to shop there. The hours of operation were 12:30 to 9 p.m. weekdays, to...

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

  9. FedMart | Malls and Retail Wiki | Fandom

  10. PriceSmart, Inc. -- Company History

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

  14. The Harbor Blvd Target in its previous life as a FedMart ... - Reddit

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