Future Campus Framework Presentation...

[Bayside44]

Doesn't matter. They are all going out of business in a few years.

COSTCO is squeezing them from the top and specialty stores are squeezing them from the bottom.

Cannot believe I am talking about supermarkets, but...

Harris Teeter, Wegmans, Publix, Lowes, Fresh Market are not threatened by the Costcos of the world. That might be more of an issue for Giant, Food Lion, etc.

 

[#FRANchise]

Imagine getting a Wegmans sub in the Dome during a game.

my god...don't play with my emotions like that

 

[OttoMets]

Let's get one thing straight - Food Lion sucks. It's the worst craphole of a supermarket I've been to since I lived in Sty Town as a kid and had Gristides.

Linking a high end well priced family friendly establishment to us in ACC land (I was at a Wegmans on Saturday and it was packed with happy shoppers 7 hours away from the Dome) is a good thing for us and them for a whole host of obvious reasons.

For a DMV guy, you've clearly spent too little time at every Giant and Safeway in the District. They make Food Lion and Gristedes look like Citarella.

By the way, this is the strangest hijack ever, and possibly a record for grocery references in one post.

 

[OttoMets]

Could you imagine a Wegmans SuperCenter attached to one end of the Dome, on campus? The way they think, I can

Well no. Though I agree with your thinking, for some reason Wegmans doesn't: they're totally behind the curve in that they've turned their back on urban markets during a period in which urban populations and spending power have exploded.

If trends hold, they're going to have to adapt more quickly. For now, their idea of 'adapting' has been building an 80,000-sf store instead of a 100,000-sf store in an inner-ring Boston suburb, and a shittastic standalone building at the Brooklyn Navy Yard.

A 25,000-sf building near campus would probably have the highest sales per square foot in their portfolio, but Wegmans has a plan that doesn't want to accommodate that part of the market.

 

[Bayside44]

For a DMV guy, you've clearly spent too little time at every Giant and Safeway in the District. They make Food Lion and Gristedes look like Citarella.

By the way, this is the strangest hijack ever, and possibly a record for grocery references in one post.

The Safeway by my house went through a massive upgrade, they know they need to keep up, same with another on Duke Street. Giants seem to be closing, they were dumpy. The ones in DC I haven't been to in ages, but yeah, they had that old city ratty feel.

The Food Lion I used to go to at the beach has been retired for the brand spanking new Publix.

I blame this on Townie72 and his rank Montgomery County provincialism.

 

[supp]

For a DMV guy, you've clearly spent too little time at every Giant and Safeway in the District. They make Food Lion and Gristedes look like Citarella.

By the way, this is the strangest hijack ever, and possibly a record for grocery references in one post.

Agreed (to continue the hijack). You walk into Giant and you feel like you've transported back to some 1970s grocery store in the Soviet Union. If they actually have bread and milk that day, you've hit the jackpot. Only slightly exaggerating there.

 

[Toga]

Continued hijack ... I can remember back in the day when Price Chopper had all their products still in the boxes on the shelves. They were dirty and you'd have parents dragging their kids along while smoking cigarettes (usually the parents - not the kids).

 

[OttoMets]

Agreed (to continue the hijack). You walk into Giant and you feel like you've transported back to some 1970s grocery store in the Soviet Union. If they actually have bread and milk that day, you've hit the jackpot. Only slightly exaggerating there.

Those produce sections are always half-empty. A lot of them are in newer buildings and they don't smell like pee and cigarettes anymore, but it's a different shopping experience (and not in a good way).

Then again, they don't have the mind-numbing 'clack-clack-clack-clack' from hundreds of carts on tile floors like Wegmans does. Which is nice.

 

[Atlcuse44]

I have fond memories of working at Wegmans in high school through my early college years (Onondaga Blvd location). Would love for this to happen with the Dome. If only Wegmans can speed things up and get into the Atlanta market. They blow away the current local options (Kroger & Publix).

 

[xc84]

The initial report is a little disappointing.

What initial report?

 

[ssmorol]

There's your extra $1.5 million to pay for Babers in year 4+! Go Cuse!!

 

[Whitey23]

What initial report?

Chakka's 15mm over 10 from above.

 

[ssmorol]

Wegman's and the Cuse taking over ACC country!!

 

[Newhouser]

I'm not saying it's Wegmans but they used to sponsor a major LPGA event in Rochester costing them millions every year. They may be on the lookout for other sponsorships that meet their corporate objectives. $1.5 million per year they wouldn't blink an eye assuming they are interested and expansion down the coast is in their long term plans. Just saying !

They dropped that sponsorship however when they decided on expansion and wanted to move marketing to those regions. Granted this 1.5 is much higher visibility than some unknonw LPGA tour event.

 

[xc84]

Chakka's 15mm over 10 from above.

I don't think that said anything about having to pay Carrier anything necessarily.

 

[Townie72]

According to Townie, no company would ever pay naming rights for a stadium because it has no benefit to them. Apparently every single company lining up to put their name on athletic stadiums have no idea how to do business :noidea:

Not at all what I said.

Some companies would benefit. Others would benefit only a little, like a company that made HVAC equipment that is purchased by contractors based on a specification written by engineers.

A consumer product company might benefit, especially one with a name recognition problem. A company trying to break into a market (M&T Bank) might benefit.

They have to do the math and figure out just what the awareness generated by the naming of an athletic facility might be worth for them.

 

[Millhouse]

Check out this story explaining why Wegmans ended its partnership with the LPGA (for those that do not know, they were the long time major sponsor for one of the ladies' major championships).

Stacy Lewis: LPGA players will miss Rochester

...
In an exclusive phone interview Thursday afternoon, Whan said it wasn't easy for the LPGA to leave Rochester.

"This was tough, but it wasn't an option to stay. We're not running from Rochester, we're not leaving Rochester. We knew from a financial perspective it wasn't feasible to stay long-term in Rochester."

Meaning two things: the cost of operating the tournament became too great for Wegmans, and the tour wanted to explore markets that could produce more corporate sponsorship opportunities.

"They're raising the purse to $3.3 million, plus the cost of network television, and we can't compete with that," Hampton said.

Whan praised Wegmans and called the company a "corporate hero" for all it has done for the LPGA, and thanked officials profusely for their loyalty and support.

"When this became a major, it was a lot more expensive with TV, the purse," Whan said. "It's just a bigger undertaking and in fairness to them, a company that exists in five or six states, us broadcasting to 160 countries sounds great to some people, but not necessarily for them. When they first decided to do this they said, 'We might not be doing this forever, but we want to bring the major experience to Rochester before this is over.' "

Wegmans has been a sponsor of every LPGA event in Rochester since 1977, took over as title sponsor in 1997, and stepped up in 2010 when the LPGA needed a sponsor for the Championship.

Colleen Wegman, president of Wegmans, said in a prepared statement, "We are extremely proud to have been a part of such a long-standing, world-class event in our hometown. This tournament was a great example of the community working together to make a difference and celebrate the philanthropic spirit that defines Rochester."
...

So Wegmans believes in supporting local world-class events. They were okay with spending a large amount of money annually on this support. But the scope of this event was too big for its customer base, and the investment was a little too high.

The match between where Wegmans is and where it is going and the ACC footprint is perfect. The match between the market that attends and watches college sports and the targeted market for Wegmans customers is perfect. And the things Wegmans could offer in the Dome (and around it, think parties, tailgating, catering, etc.) greatly exceed what a typical company (say an AC mfg company or a bank) could offer.

This is a marriage made in heaven. WCuse! Sounds good to me!

I think they were being nice too. The problem might be that no one watches the LPGA

 

[Millhouse]

Well no. Though I agree with your thinking, for some reason Wegmans doesn't: they're totally behind the curve in that they've turned their back on urban markets during a period in which urban populations and spending power have exploded.

If trends hold, they're going to have to adapt more quickly. For now, their idea of 'adapting' has been building an 80,000-sf store instead of a 100,000-sf store in an inner-ring Boston suburb, and a shittastic standalone building at the Brooklyn Navy Yard.

A 25,000-sf building near campus would probably have the highest sales per square foot in their portfolio, but Wegmans has a plan that doesn't want to accommodate that part of the market.

wegmans is not stupid. they don't bite off more than they can chew, they focus on the most profitable expansions, and they are a little less biased with their own money than urban planners are with wegman's money

 

[xc84]

Not at all what I said.

Some companies would benefit. Others would benefit only a little, like a company that made HVAC equipment that is purchased by contractors based on a specification written by engineers.

A consumer product company might benefit, especially one with a name recognition problem. A company trying to break into a market (M&T Bank) might benefit.

They have to do the math and figure out just what the awareness generated by the naming of an athletic facility might be worth for them.

Carrier makes home air conditioners and furnaces for residential consumers too. I know. I selected mine and had them installed.

 

[Townie72]

Wholesale clubs have been around for years...not like its a radically new business concept. I shop at Costco, but the problem is they don't carry everything a supermarket does (Deli, product variety), aren't open all night, and frankly, I don't always want the 5 lb tub of mayo that costs $12.

The name of the game is one-stop shopping, and Wegmans has the product variety consumers want (huge organic offerings), while beginning to offer the services wholesale clubs do.

We have found that the products we get at COSTCO --- eggs, milk, fruit, vegetables, some meat --- are fresher and of a higher quality than we can get at any supermarket, including Wegmans. I'm sure it has to do with the length of time they sit in the supply chain and the turnover at the store. Of course, if you don't know the difference between a really fresh egg and an older one, It won't matter.

And there are areas where COSTCO has a greater selection like cheeses, especially good imported cheeses.

 

[Townie72]

Wegmans has the best product in the industry...and they know it.

Market penetration begins with awareness, once reinforced with the notion of quality, you have a winner. You achieve awareness in a new market by getting your name in front of people...especially in live sporting events where people don't FF through commercials and you get your name in the content people are there to view.

It's not Wegmans of New York. It's not Yankee food Wegmans. It's Wegmans.

And Wegmans has a built in marketing staff down south with all the transplants who will go waaaay out of their way to shop there and tell others.

For chrissakes Japan built a market in the United States less than 30 years after WWII - why? They made good stuff.

And if Wegmans was so concerned about Southern backlash against a northern producer...THEY WOULDNT BE EXPANDING SOUTH.

All of that makes a tremendous case for Wegman's buying the naming rights for an athletic facility in North Carolina.

 

[ssmorol]

We have found that the products we get at COSTCO --- eggs, milk, fruit, vegetables, some meat --- are fresher and of a higher quality than we can get at any supermarket, including Wegmans. I'm sure it has to do with the length of time they sit in the supply chain and the turnover at the store. Of course, if you don't know the difference between a really fresh egg and an older one, It won't matter.

And there are areas where COSTCO has a greater selection like cheeses, especially good imported cheeses.

I can't believe we are going here...c'mon guys stay on point.
Wegman's and Costco are both great companies, no need to debate that here.

 

[Townie72]

Carrier makes home air conditioners and furnaces for residential consumers too. I know. I selected mine and had them installed.

Yup. For replacement residential units, home owners do sometimes make brand choices. But the great majority of HVAC units are bought for new construction and renovation projects, for commercial properties and by HVAC contractors for residential replacement where the owner looks at the price, not the brand.

The 2% tail does not wag the dog.

 

[longtimefan]

All of that makes a tremendous case for Wegman's buying the naming rights for an athletic facility in North Carolina.

Every time a team from N Carolina plays in the Dome (which is pretty often), "Wegman's" would get lots of play in the company's emerging market. Sounds like good business.

 

[Bayside44]

All of that makes a tremendous case for Wegman's buying the naming rights for an athletic facility in North Carolina.

You're being obtuse and likely just bored today since you early voted for Hillary just earlier when the polls in MD opened.

Wegman's opened a shop in Chapel Hill. It's gonna kill it.

As far as Costco go, a bar will sell a glass of Makers for $12 and another a glass of Makers for $6. Yet the $12 place does great business, so dwell on that one for a bit.