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Sol Price, who pioneered the membership warehouse club store with the creation of the Price Club chain in 1976, died yesterday at age 93.

Before Price Club, Price created Fed-Mart, a shopping club chain in Southern California that he sold to a German company in 1975. Price Club merged with Costco (which was co-founded in 1983 by his former employee, Jim Sinegal) in 1993.

More recently, Sol Price worked with his son, Robert Price, to develop PriceSmart, which operates membership club stores in Latin America and the Caribbean.
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