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1. soapask.com › news › what-happened-to-fedmartWhat happened to Fedmart? The reason for its shutting down ...

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   Feb 5, 2024 · February 5, 2024February 5, 2024 by SoapAsk Staff. Fedmart was one of the best discount department stores. The store was so popular that it operated 45 locations in the United States. If you are curious about what happened to Fedmart and why the store’s owner closed the stores, continue reading the article. FedMart was founded to serve ...

2. Videos

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     FedMart Stores 1981

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     1981 Fedmart "Your total food bill will be less" TV Commercial

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     1981 Fedmart Department Store "TIs the season to shop at Fedmart*" TV Commercial

     Sep 12, 2017

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3. mensventure.com › discover-the-untold-truth-aboutDiscover The Untold Truth About Fedmart’s Mysterious ...

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   Declined and closed, FedMart faced significant downfall after the 1975 ownership shift to Hugo Mann, which led to the dismissal of founder Sol Price and strategic missteps that could not sustain operations in a competitive retail landscape, culminating in financial struggles and store closures. Imagine walking into your favorite store, where ...

   • First Year Achievement: Exceeded projected earnings fourfold
   • Founding Year: 1954

   • Founder: Sol Price

4. www.upi.com › Archives › 1981/02/18Hugo Mann, who already owns 88 percent of FedMart... - UPI

   www.upi.com › Archives › 1981/02/18

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   Feb 18, 1981 · FedMart, however, has had many financial difficulties. Tuesday, it announced that losses for the period Sept. 1, 1980 to Jan. 31, 1981, would be in the range of $8 million.

5. People also ask

   What happened to FedMart?

   • Two years later, Price opened a 50,000-square-foot FedMart, called “Our Way,” in Houston, staffed it with African-Americans and stocked it with high-quality products at low prices. Despite having the support of leaders in that community, the store failed to draw enough shoppers and closed within a few months.

   Price Club founder Sol Price ushered in the age of discount warehouse

   www.sandiegouniontribune.com/news/sdut-sol-price-club-costco-city-heights-fedmart-2016jul01-story.html

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   How did FedMart change San Diego?

   • For its time, FedMart was revolutionary in several ways. It wasn’t in a typical shopping district — most major shopping in those days occurred in downtown San Diego. It offered permanently discounted prices that threatened the market share of traditional department stores and retailers.

   Price Club founder Sol Price ushered in the age of discount warehouse

   www.sandiegouniontribune.com/news/sdut-sol-price-club-costco-city-heights-fedmart-2016jul01-story.html

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   Who was Fedco & why did he start FedMart?

   • The model, thanks to a tip from a San Diego jewelry merchant, was Fedco in Los Angeles, where discounted goods were sold to federal employees. 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 mart”).

   Price Club founder Sol Price ushered in the age of discount warehouse

   www.sandiegouniontribune.com/news/sdut-sol-price-club-costco-city-heights-fedmart-2016jul01-story.html

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   When was FedMart founded?

   • 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 mart”). Only military and government employees were eligible to shop there.

   Price Club founder Sol Price ushered in the age of discount warehouse

   www.sandiegouniontribune.com/news/sdut-sol-price-club-costco-city-heights-fedmart-2016jul01-story.html

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6. www.sandiegouniontribune.com › news › sdut-sol-pricePioneering ‘big box’ retailer - The San Diego Union-Tribune

   www.sandiegouniontribune.com › news › sdut-sol-price

   Jul 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 mart”).

   • Email: roger.showley@utsandiego.com

7. www.youtube.com › watchFedMart Stores 1981 - YouTube

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   Aug 26, 2015 · Anyone remember FedMart? I recall seeing one in North Long Beach before is became Target on South Street, east of where Zody's was on South Street. Seen on...

   • Video Duration: 31 sec
   • Views: 2.8K

   • Author: TerryT1976

8. newsletter.rationalwalk.com › p › the-story-of-fedmartThe Story of FedMart - The Rational Walk - Substack

   newsletter.rationalwalk.com › p › the-story-of-fedmart

   Oct 12, 2022 · Mr. Sinegal began working at FedMart shortly after Mr. Price opened the first store in 1954. He was eighteen years old at the time and rose to Executive Vice President in charge of all merchandising and operations by the time he left the company in 1977. Sol Price’s influence on Mr. Sinegal cannot be overstated.

9. www.nytimes.com › 1982/08/07 › businessTarget to Reopen 35 Fedmart Stores - The New York Times

   www.nytimes.com › 1982/08/07 › business

   Aug 7, 1982 · The Minneapolis-based Target Stores, a unit of the Dayton-Hudson Corporation, said it was leasing the stores from the now-defunct Fedmart retail discount chain. Floyd Hall, Target's chairman, said ...