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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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    Why did FedMart terminate Sol Price?But by year’s end, Mann terminated Sol Price as FedMart president, changed the locks on his office and refused to pay him a $120,000 severance fee based on allegations of mismanagement. The conflict sparked a lawsuit that Price won in Superior Court in 1977. By 1982, FedMart faced major losses and was liquidated.
    Who owns FedMart in San Diego?Before Price Club, Price founded the FedMart chain of discount food and general merchandise stores in San Diego. He was ousted from FedMart in 1975 after a dispute with the company’s new German owner.
    Who was Sol Price?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.
    en.wikipedia.org
    What happened to FedMart & Price Club?20 years after founding FedMart, Sol sold control of FedMart to Hugo Mann in 1975 but the relationship quickly soured, inspiring Sol to later found Price Club. Happiest when challenged and new business was a clear slate - thought through all lessons learned and tried to wipe clean all assumptions.
    Who founded FedMart & Price Club?Sol Price, who founded the FedMart discount department store chain and then the Price Club warehouse chain, in a 1978 photo. Sol Price, who changed the retail industry by founding the landmark warehouse chain Price Club, has died. He was 93.
    How did Sol Price Change retail?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 warehouse club format adopted by Costco and Sam's Club in 1983. Sol Price is a legend in the retail business.
  4. 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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  5. Who is Sol Price? Lessons from the Discount Store Pioneer who …

  6. 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.

  7. Sol Price, Who Founded Price Club, Is Dead at 93 - The New …

  8. The Story of FedMart - The Rational Walk - Substack

  9. Sol Price Changed Retailing Forever - KPBS Public Media

  10. Sol Price dies at 93; warehouse club pioneer - Los Angeles Times

  11. Sol Price on Becoming Your Customer’s Best Friend - Farnam …

  12. Sol Price : retail revolutionary and social innovator - Archive.org

  13. Sol Price: History Maker - San Diego History Center | San Diego, …

  14. Sol Price: Retail Revolutionary and Social Innovator - The Rabbit …

  15. Sol Price, Price Club, and the History of Costco - Alabrava

  16. Price Club founder Sol Price dies at 93 in Calif. - The Seattle Times

  17. Sol Price : Retail Revolutionary and Social Innovator - Google Books

  18. From the Archives: First Price Club opens in San Diego 45 years …

  19. Price Club founder Sol Price dies at 93 - NBC News

  20. Sol Price Obituary (1916 - 2009) - San Diego, CA - San Diego …