Costco Cary questions (Raleigh, Apex, Wake Forest: move, business, distance)

[MikeJaquish]

Originally Posted by akleeuw

Is that from the full article that most of us are not privy to?

Yes.

[akleeuw]

Originally Posted by MikeJaquish

Yes.

Mind sharing any more of that article?

[ucctgg]

Originally Posted by MikeJaquish

Interesting note in today's article:
"A research study published in 2011 by a former UNC-Greensboro economist finds evidence that Costco can drive up grocery prices in the surrounding area when it opens a new store, especially in smaller towns. That compares to evidence of the opposite effect when a Wal-Mart moves in and nearby grocery stores reduce their prices to compete."

Why would that be ?

[MikeJaquish]

That was the most interesting point.

Apex also expects tax value to increase dramatically with development of the vacant land, but that is a pretty obvious expectation.

[lifeofJenn]

I can't read the above referenced article either, but I did find a couple (older) articles that discuss the effect grocery prices when Costco enters the market.

Freakonomics » The Costco Effect: Why Does the Wholesaler Cause Inflation?

Does Costco Cause Inflation? | TIME.com

[Waterboy526]

Originally Posted by adlnc07

Boo! They need to build sooner than that!

I hear ya, I was hoping they would start early 2014, so I would not have to renew my BJ's membership next September. Oh well...

[akleeuw]

Originally Posted by lifeofJenn

I can't read the above referenced article either, but I did find a couple (older) articles that discuss the effect grocery prices when Costco enters the market.

Freakonomics » The Costco Effect: Why Does the Wholesaler Cause Inflation?

Does Costco Cause Inflation? | TIME.com

Very interesting articles, thanks lifeofJenn!

[MikeJaquish]

Originally Posted by lifeofJenn

I can't read the above referenced article either, but I did find a couple (older) articles that discuss the effect grocery prices when Costco enters the market.

Freakonomics » The Costco Effect: Why Does the Wholesaler Cause Inflation?

Does Costco Cause Inflation? | TIME.com

Who put the "Freak" in "Freakonomics?"

Quote 1:
"Their new study shows that a Costco store increases competitors’ grocery prices..."

Quote 2:
"By focusing on less-price sensitive customers, incumbents are able to sneak in some price hikes without affecting sales."

Quote 1 implies that Costco sets the prices in other stores, while Quote 2, from the same paragraph implies that existing stores set their own prices.

"Monty! Monty! Monty! I'll take Door #2!"

Good writers should have caught this one and a good editor would have never let it pass.

[Sherifftruman]

Wow, you must hate the typical newspaper article. No on really knows how to write anymore as the let all the experienced people go!

[MikeJaquish]

Originally Posted by Sherifftruman

Wow, you must hate the typical newspaper article. No on really knows how to write anymore as the let all the experienced people go!

"Hate" is such an over-used term.

Actually, Freak Quote #1 belies their political slant. Freudian, ya know?