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  2. FedMart / Founded
     
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    FedMart - Wikipedia

    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. Over the next 20 … See more

    "One day we noticed he [Bertrand] was getting rid of most of the watches up in Los Angeles.” The place in Los Angeles was FEDCO, an interesting new wrinkle in the retail economy at the time. From its modest outlet at the … See more

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  4. The Story of FedMart – The Rational Walk

    WEBOct 12, 2022 · FedMart was initially founded to serve federal government workers and their families. 1 To shop at FedMart, one had to purchase a lifetime membership for $2. Hours were limited but tilted toward evening …

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

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

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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.
    en.wikipedia.org
    When did FedMart start a price club?As FedMart grew and expanded throughout the U.S., Sol Price opened Price Club with his son in 1975. It wasn’t cheap. Price used $800,000 of his own money, $1 million raised from local California small business owners, and $500,000 from former FedMart employees to officially start opening up Price Club stores.
    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
  8. Pioneering ‘big box’ retailer - The San Diego Union …

    WEBJul 1, 2016 · Price could not arrange a joint venture, so he and his team of advisers and investors decided to open FedMart in November 1954. (Its name was an acronym for “federal employees merchandise...

  9. Sol Price - Wikipedia

  10. Sol Price Changed Retailing Forever | KPBS Public Media

  11. 2012 Hall of Fame Sol Price | Supermarket News

    WEBDec 3, 2012 · He and a group of investors opened their first business, called FedMart, in San Diego on Dec. 3, 1954, after visiting a Fedco membership department store in Los Angeles — a nonfood discount...

  12. FedMart - WikiMili, The Best Wikipedia Reader

  13. FedMart | Malls and Retail Wiki | Fandom

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

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

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

  17. PriceSmart, Inc. -- Company History

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

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  29. Price Club - Wikipedia

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