2012 Hall of Fame: Sol Price

Sol Price pioneered the warehouse-club format and paved the way for discount retailers nationwide

Sol Price made his mark on retailing by lowering the selling price of goods.

It was Price who led the way for the founders of Target, Kmart and a guy named Sam down in Bentonville, Ark.

Price was the inventor of the warehouse club store.

In addition, he was among the first retailers to add an assortment of low-margin foods to a mix of low-margin general merchandise under the same roof; to see the potential for selling food in bulk sizes; and to offer on

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