3 ms·
It appears the origin of the idea was in a non-profit consumer organization called FedCo - https://en.wikipedia.org/wiki/Fedco https://en.wikipedia.org/wiki/Fed
by isignal 7y ago
It appears the origin of the idea was in a non-profit consumer organization called FedCo - https://en.wikipedia.org/wiki/Fedco https://en.wikipedia.org/wiki/Fedco. This company then inspired Sol Price to found the modern day bulk retail model.
From wikipedia:
"It was founded by 800 U.S. Post Office employees who wanted to leverage their buying power by purchasing goods directly from wholesalers, and eliminate the additional markup of a retail store"