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Wegman's Continues March to Atlanta
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[QUOTE="JoeCollege, post: 3168024, member: 189"] This. Wegman's metrics seek high net-worth areas. They aren't looking for areas like New Hartford which sure, could support a Wegman's but are actually areas of declining population and high levels of wage stagnation. They're looking for high income high growth areas. We in the Southern Tier are lucky- Hornell was in their original footprint to some extent, before they became what they are. Same with Corning and to a far lesser extent Elmira. Elmira and Binghamton are the two "worst" economic markets they compete in these days. The Johnson City (Binghamton) store was likely opened because (A) great real estate was available with incredibly high traffic counts, and (B) the location made sense in terms of geography in their march down 81st street into PA. Back then, the rumor was that Wegman's had a deal with the Akel family, owner of the popular, Broome county only chain Giant, that they wouldn't encroach on each other. Clearly bunk. Giant was never any threat to Wegman's (and has since folded up, sold into Weis, with several stores since closed) and Wegman's came in here around 1990 and has since been killing everyone else. Wegman's is smart to let Golub/Price Chopper/Market 32, Tops and Hannaford stay here and slug it out. [/QUOTE]
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Wegman's Continues March to Atlanta
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