21 December 2009

R.I.P. Sol Price ~ Costco, Wal-Mart Inspiration...

Sol Price, pioneer of big-box wholesale clubs and inspiration for Costco, Wal-Mart and more, passed away December 14th at age 93. The founder of Fed-Mart and Price Club, Price helped create the members-only store concept which sold giant portions of groceries and staple-goods at rock-bottom prices. A generous philanthropist, Price donated to the construction of a new student center on the UCSD campus, and more. He inspired...
"I guess I've stolen -- I actually prefer the word 'borrowed' -- as many ideas from Sol Price as from anybody else in the business," Mr. Walton wrote in his memoir, Made in America."

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