FedMart
American discount department store chain
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.
Nº Q5439890 ★★
Uncommon · Organizations
FedMart
American discount department store chain
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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From 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 years, FedMart grew to include 45 stores, mostly in California, and the Southwest in a chain that generated over $300 million in annual sales. The business expanded to several states in the Southwest United States. Price later sold two-thirds of the chain to Hugo Mann, a German businessman, in 1975 and was forced out of his leadership position the following year. FedMart went out of business in 1982.
Text: Wikipédia, CC BY-SA 4.0. · Image: Costaricky (CC BY-SA 4.0) ·
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