I will always resent the price helicopter for denying the people of the capital region a glorious Wegmans. Price Chopper is such an inferior company in every way. Wegmans has consistently been ranked as one of the best grocery stores and named “America`s Most Popular Supermarket” in a 2018 survey of more than 12,000 consumers nationwide in a survey conducted by Market Force Information. Founded in Rochester, NY, this food chain has been the flagship of the food industry for over 100 years! Although Wegmans is found throughout New York State, the Capital Region (Albany, NY and surrounding areas) is without Wegmans. As Wegmans expanded into Massachusetts, New Jersey, and Virginia, Albany was left behind. Some say this is due to an informal agreement with the Golub family that Price Chopper founded. Although the sources reject this theory, it seems strange that Albany, NY, has been left out. With Jane Golub`s death this year, Wegmans can certainly look beyond any gentleman`s agreement made explicitly or otherwise. People need a Wegmans. Krispy Kreme`s decline is due to shareholder greed when they conducted their first IPO. I think they are still under federal investigation. Tons of donut fans lost a lot of money because the stock price fell like a crowded Boston Cream as companies got rid of their overvalued stock.
I don`t think there is a great conspiracy to prevent Wegmans from moving east of Syracuse. Instead, Wegmans and Price Choppers are tightly owned family businesses that have agreed to stay out of each other`s sandboxes. This agreement is also an implicit threat. enter my territory and see what happens. Wegman`s expansion surrounds Price Chopper`s territory. This allows Price Chopper to stay in the Eastern New York/New England area and Wegmans to continue its expansion. I think Wegmans will eventually have the resources to force the problem with Price Chopper, and he will buy the company or start opening stores locally. To speculate further, I think that if Stewart has ever thought about selling the company to Price Chopper or Wegmans, it could really have some funny implications. Time will tell.
“As Amazon/Whole Foods, Walmart/Sam`s, Target, Costco, BJ`s, Aldi, Dollar General, Dollar Tree/Family Dollar, Walgreens, CVS and Ahold/Hannaford continue to leverage their enormous scale and very low cost of capital to make exceptional investments in their powerful and ubiquitous grocery ecosystems in-store and online, it is increasingly important for regional grocers to build the scale needed to: so that they can also invest in the price. People, marketing, technology and growth, although much less given their relative size. This transaction clearly reflects this imperative. I agree with Bruce, they will NEVER admit anything to people about it. My source for the so-called rumor is a relative who worked for Wegmans and was told that this agreement existed between the original owner of Wegmans (who recently passed away) and the owner of Price Chopper. They told him they would also categorically deny it. Of course, everyone wondered what would happen to the said case if the father had died. The speculation was that the son would invade the territory of the PC, but to be honest, we are not a hot market like in the south. Supposedly, there was a gentleman`s agreement between Wegman`s and Price Chopper not to compete on each other`s territory.
I don`t know if that`s really true. And it`s not for the reasons you think. AOA called the offices of Wegmans and Price Chopper. Both said they too had heard rumors of a secret deal for years. Both also categorically denied this, pointing out that they were competing in markets such as Western New York and Pennsylvania. Natale, Wegmans` spokesman, says the company receives thousands of requests each year to build stores in areas where they don`t exist. “Don`t take it personally,” she says, the company is simply moving in a different direction. And right now, that direction is Pennsylvania, Virginia, and DC. I just moved from Rochester to Albany and apart from the Super Wegmans Pittsford, the ordinary wegmans neighborhood is nothing special, their prices are not comparable to choppers at prices and the quality of the food is at best equal to that of choppers at prices.
Smoke and mirrors on the look of the store will never be an advantage for people who save money, except who even buys one of those greedy in Pittsford? Forget wegmans in the Capitals neighborhood hold the Choppers Awards and get us a Whole Foods. Note: Final statements do not include prices for items from the store brand (if not listed) or items from a different brand or size. I also grew up in West New York and grew up with Wegmans, I remember my older brother working for them when he was at HS and he loved that place, I remember he also worked there in part of the university. In the early `90s we moved to Albany, I still remember my parents driving HASSED to Price Chopper and Hannaford when we moved here. I`ve even worked for Price Chopper in the past, and I have to say wegmans lets her down. No competition! How do you choose that? Often, price matters. Everyone wants the best deal, and with that in mind, we visited each of the top 10 chains and conducted a low-serisist price survey for 25 common foods to crown a king of upstate New York. That`s ridiculous.
Wegman`s would topple Price Chopper and Hannaford on price, quality and choice. I moved to Albany 3 years ago, and I hate buying food from one of the local chains, and my food bills are always higher because the store`s branded options are of inferior quality and variety. According to spokesmen for both companies, there is no agreement to keep Wegmans out of Albany. Wegmans, whose stores are known for their large assortments, low prices and increased shopping experience, has developed a cult audience that has led to widespread regional demand well beyond the historic pace of expansion. .