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In 1982, the discount pioneer John Geisse founded The Wholesale Club of Indianapolis, which he sold to Sam's Club (a division of Walmart) in 1991. [2] In 1983, James (Jim) Sinegal and Jeffrey H. Brotman opened the first Costco warehouse in Seattle. [3] [4] Sinegal had started in wholesale distribution by working for Sol Price at FedMart. [5]
In December 2024, Variety Wholesalers reached a deal to buy at least 200 stores and two distribution centers from the bankrupt Ohio-based discount store Big Lots and continue to operate them under the Big Lots name. [1] The company is still privately owned by the Pope family, and its current CEO is Art Pope. [2] [3] [4]
National Wholesale Liquidators is a Brooklyn, New York-based company that operates warehouse-style closeout discount stores. It offers a mix of brand-name items, everyday household items, and furniture. National Wholesale Liquidators carries over 120,000 items.
The store also utilizes a discounting program that drops the prices on items by specific percentages depending on the time they have been on shelves. The company will eventually discount its merchandise on a 30, 60, and 90 day cycle (30 days gets 30% off, 60 days gets 60% off, etc.).
Associated Wholesale Grocers, Inc. (AWG) is a retailer-owned wholesale grocery cooperative that supplies independently owned supermarkets and grocery stores. [1] It serves more than 4,000 locations in 36 states in the Midwest , the Southeast , and the Southwest , and from 8 full-line wholesale divisions.
Traditionally, wholesalers were closer to the markets they supplied than the source from which they got the products. [3] However, with the advent of the internet and e-procurement there is an increasing number of wholesalers located nearer to the manufacturers in China, Taiwan , and Southeast Asia.