Sol Price

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Sol Price (born around 1916) He has been known as a pioneer of the "Warehouse store" retail model. He is a 1934 graduate of San Diego State University, and in 1938 earned a law degree from the University of Southern California Law School. Sol Price was admitted to the California Bar in November 1938, his California bar number is 16491.

Price launched the first FedMart in 1954 and founded the Price Club in 1976. In 1993 Costco merged with (bought) Price Club. Sharing leadership between Sol Price's biological son, Robert, and his surrogate son, James Sinegal. After just eight months Costco spun off a separate company called Price Enterprises, led by Robert Price. The company evolved into PriceSmart, which operates warehouse clubs overseas.

Sam Walton of Wal-Mart dined with Sol Price in 1983. Later that year, the first Sam's Club was opened in Oklahoma City, Oklahoma.

He is responsible for injecting money and aiding the renaissance being experienced in a San Diego midcity neighborhood City Heights, where he originally resided in the 1930s. Price was a member of the Board of Trustees for the Urban Institute in Washington, D.C. and also the Board of Directors for the Center on Budget and Policy Priorities. In the past he has served as a member of the Consumer Affairs Advisory Committee of the U.S. Security and Exchange Commission, and the San Diego Financial Review Panel.