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About: FedMart     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : umbel-rc:Business, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcompanyschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseyago:WikicatCompaniesDisestablishedIn1983yago:WikicatCompaniesEstablishedIn1954yago:Abstraction100002137yago:Company108058098yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityorganisationyago:SocialGroup107950920umbel-rc:Business New Facet based on Instances of this Class

FedMart was a chain of discount department stores started by Sol Price, who later founded Price Club. His first location in San Diego, California was in a converted airport hangar where planes were parked for fun. Originally a discount department store open to government employees paying a $2 per family membership fee, FedMart's first year was highly successful to some, yet struggled to others. 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. Many stores were previous White Front or Two Guys locations. Price later sold two-thirds of the chain to Hugo Mann, a German retail chain, in 1975 and was forced out of hi