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Encyclopedia > FedMart

FedMart was a chain of discount stores started by Sol Price, who later founded Price Club. His first location in San Diego, CA was in a convert ed airport hangar. Soon the business took off, expanding to several states in the southwest U.S. Many stores were previous White Front or Two Guys locations. Price later sold the chain to Hugo Mann, a German retail entrepreneur in 1975. A discount store is a retail store offering a wide range of products, many branded, at discounted prices. ... City nickname:Americas Finest City County San Diego County, California Mayor Dick Murphy City Attorney Michael Aguirre City Council District One Scott Peters District Two Michael Zucchet District Three Toni Atkins District Four Tony Young District Five Brian Maienschein District Six Donna Frye Distirct Seven Jim Madaffer District Eight... Image File history File links DustjacketTerminator. ... 1975 (MCMLXXV) was a common year starting on Wednesday (the link is to a full 1975 calendar). ...


Mann owned a number of successful hypermarkets in Europe, which combined clothing, electronics and household goods, along with food (much like a Wal Mart Supercenter, but smaller). After the aquisition of FedMart, he began to convert the stores into hypermarkets. Rather than stack items on shelves, they were tossed into wire baskets. And unfortunately, FedMart's choice of labels for their own brand of food closely resembled that of the free food distributed to the poor by the USDA at that time. These changes made the store look cheap and disorganized. In commerce, a hypermarket is a superstore which combines a supermarket and a department store. ... World map showing Europe Political map Europe is one of the seven continents of Earth which, in this case, is more a cultural and political distinction than a physiographic one, leading to various perspectives about Europes borders. ...


The economic downturn of 1981-1982 was more than FedMart could bear, and the chain filed for bankruptcy, liquidating merchandise and closing for good in 1983. Most stores were acquired by Target Corp.


Until 2002, the oldest remaining FedMart sign still standing was located on Hwy 111 in Calexico, CA. The store had been razed years ago.


  Results from FactBites:
 
FedMart at AllExperts (274 words)
FedMart was a chain of discount department stores started by Sol Price, who later founded Price Club.
Rather than stack items on shelves, they were tossed into wire baskets and unfortunately, FedMart's choice of labels for their own brand of food closely resembled that of the free food distributed to the poor by the USDA at that time.
The economic downturn of 1981-1982 was more than FedMart could bear, and the chain filed for bankruptcy, liquidating merchandise and closing for good in 1983.
PriceSmart, Inc. (2735 words)
Fedmart developed into a chain of stores, and along the way, Price pioneered several innovations in the retail industry.
Fedmart also opened in-store optical departments, establishing a format that was aped widely decades later.
Although Fedmart bore many of the markings of a club warehouse, industry pundits generally ascribed the birth of the industry to the opening of the first Price Club.
  More results at FactBites »


 
 

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