Sol Price is another notable addition to our ‘High Achievers and Other Interesting People‘ category here at Jewish Achievement Blog.com – this blogger had no idea that the ‘Price Club’ was a double entendre! Mr. Price was a Jewish retail magnate who three decades ago altered both the American landscape and the American way of shopping by founding Price Club, the first nationwide members-only discount warehouse.
Mr. Price died in December 0f 2009 at 93 years old, of natural causes.
With Robert, Mr. Price started the first Price Club in 1976 in a cavernous former airplane parts factory in an unfashionable part of San Diego. The business, which offered consumer goods as varied as tires, books and household appliances at extremely low prices, proved to be the leading edge in the multibillion-dollar influx of discount big-box stores, among them Costco, Wholesale Club and Sam’s Club.
By 1990, members-only retail clubs had become the fastest-growing sector of retailing, The Associated Press reported.