A Los Angeles membership store that sold only to federal employees.
Founders · Mar 22About 5,000 San Diego members drove 200 miles round trip to shop there, proving demand. It refused Price's joint venture request, which pushed him to build Fedmart himself.
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Acquired · Aug 21About 800 Los Angeles postal workers formed it with a $5 lifetime fee, and shoppers drove hundreds of miles to it. Its board turned down Price's offers to partner or franchise, so he copied it.
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5 sources · 20 tipsA San Diego membership discount store founded by Sol Price in the 1950s.
2 sources · 12 tips