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  4. Pace Membership Warehouse – Houston Historic Retail

    WebPace Membership Warehouse. Company History. Throughout the 1980s the United States saw a boom in warehouse chains. These stores were …

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    • WebApr 12, 2012 · Pace Membership Warehouse. Pace Membership Warehouse was founded in Aurora, Colorado in 1983. The Kmart Corpoation acquired in 1989 for $322 million and became a subsidy of …

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      What happened to PACE Membership Warehouse?Founded in Aurora, Colorado in 1983, the Pace Membership Warehouse chain faced a fate similar to that of Price Club. Kmart acquired the brand for $322 million in 1989, only to sell it to Sam's Club four years later. The Walmart-owned retailer ultimately converted all of the Pace warehouses to Sam's Club locations.
      Who started Pace Warehouse?Pace Warehouse was not started by Kmart. It was one of the first club concepts when opened in 1983 by Charlie Steinbrueck in Aurora Colorado at I25 and Peoria, the warehouse was called the 01. He sold the company to Kmart in 1989 who in turned ran a very successful company into the ground.
      When did Kmart buy PACE Membership Warehouse?Kmart acquired the brand for $322 million in 1989, only to sell it to Sam's Club four years later. The Walmart-owned retailer ultimately converted all of the Pace warehouses to Sam's Club locations. Sam's Club ended up acquiring Pace Membership Warehouse.
      When did pace buy Price Savers?In 1991 Pace purchased the 17-unit Price Savers Wholesale chain and converted them to Pace locations. That acquisition made Pace the #4 warehouse club. At the end of 1993 the Kmart Corporation agreed to sell off 91 of its 113 Pace stores, all Pace inventory, and its member lists to Walmart.
      pacemembershipwarehouse.com
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