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BIOGRAPHICAL INFORMATION <br />THOMAS R. GRIMM <br />President <br />PRICE SAVERS WHOLESALE WAREHOUSES <br />Subsidiary Of Kroger Corporation <br />Thomas R. Grimm, raised in Ogden, Utah, the son of <br />and Delma Grimm, graduated from Weber State Colle e Ralph L. <br />a Bachelor of Science degree in business management.g <br />1 968, with <br />RAPID PROGRESS IN RETAIL MANAGEMENT <br />Recruited from Weber State College by Target Stores, <br />major Midwest discount department store chain from Minneapolis <br />and aa <br />Tom advancedohisDayton-Hudson, nneTarget <br />he became a buyer. From Target <br />joining <br />May Company, as division 1 merchandiseumanageres, <br />part of the <br />Missouri. Tom was recruited and hired as thevice n r t . Louis, <br />marketing for MediMart a chain of drug stores in Bo dent of <br />division of Stop-n-Shop, Inc. Tom accepted the opportunity <br />a <br />be the general merchandise pportunity to <br />Central chain in Salt Lake City, <br />for the 32-store Grand <br />y, Utah. <br />PR_ TCE_SAVERS WAREHOUSE CONCEPT CONCEIVED <br />In 1983, the idea of Price Savers was conceived <br />there was a void in the market, a ed• Tom felt <br />could service small need for a wholesaler who <br />restaurateurs, businesses such as florists and <br />volume buying people who's existence is <br />y g power of big threatened by the <br />buying power to stay g business. They needed the same <br />y competitive. <br />Tom convinced Pay 'n Save corporation of <br />Washington, his idea was sound. The Seattle ba Seattle, <br />conglomerate, which owned Ernst Home Centers, Lamonts�dBi-etail <br />Sportwest, Yard Birds and Von Tobel's, provided the f Mart, <br />make the concept a reality. lnances to <br />In November, 1983 he hired a <br />professionals with exceptional backgrounds in n whgroup olesale re k� <br />and by March 17th, St. Patr�icks Da y foot Price Savers Membership Warehouse the <br />first 100,000 square <br />Salt Lake City opened for business. 33rd South 9th West, <br />GRAND OPENING DRAWS 40,000 PEOPLE <br />During the first three days, <br />Potential 40,000 business owners and <br />group members explored wide aisles lined with <br />stocked with foods, candy,pallets <br />electronics and appliances, L�-quid Paper, office furniture, <br />Black Magic Woolrich jackets, <br />9 potting soil, Michelin & Goodyear 40-quart bags eof <br />n <br />tools and chemicals, 12-pound bags of p ar Tires, garden <br />g popcorn and tens of <br />