Sol Price Sol Price was a ____ in the membership ____ sector. Born on January 23, 1916, in New York, he graduated with a ____ degree from the University of Southern California. In 1954, he ____ FedMart in San Diego, California, a ____ store ____ at government employees. FedMart offered products at ____ prices in a ____ format, revolutionizing the way people ____. After ____ FedMart in 1975, Sol Price ____ Price Club in 1976, ____ in San Diego. Price Club was one of the first ____ warehouses that offered ____ products at ____ prices to members who paid an annual ____. This business model focused on ____ margins and high ____ volumes. Sam Walton Sam Walton, born on March 29, 1918, in Kingfisher, Oklahoma, was the ____ of Walmart and Sam's Club. Walton ____ his ____ career working for J.C. Penney. In 1945, he opened his first ____ store, Walton's Five and Dime, in Bentonville, Arkansas. In 1962, he ____ Walmart in Rogers, Arkansas, with the ____ of offering products at ____ than the competition. Walton's focus on ____ efficiency, rapid ____, and low prices helped Walmart ____ quickly, becoming the ____ retail chain in the world. Relationship and Timeline Contemporaries: Yes, Sol Price and Sam Walton ____ contemporaries. Sol Price was born in 1916, and Sam Walton in 1918. Acquaintance: It is likely that they ____ of each other's businesses ____ to the similarity of their business models and their ____ on the ____ industry. However, there is no concrete ____ of a close personal relationship ____ them. Price Club vs. Sam's Club: Price Club was ____ in 1976 by Sol Price. Sam's Club ____ founded by Sam Walton in 1983, seven years ____ the creation of Price Club. Influence and Legacy Sol Price is ____ recognized as the pioneer of the ____ warehouse model, while Sam Walton is ____ for taking the discount store ____ to a massive ____ with Walmart. Price Club merged with Costco in 1993, forming one of the ____ membership warehouse chains in the world, while Sam's Club ____ to be an important part of Walmart's operations. Both men left a ____ legacy in the retail industry, influencing how millions of ____ shop for products and ____ the foundations of modern discount ____ and membership warehouses.

Sol Price and Sam Walton

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