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oh, no! looks like all that greedy shrinkflation blew up in your greedy faces! boohoo!
Attempts to win back consumers through smaller package sizes and promotional deals went nowhere.
What kind of consumer would be won over by smaller sizes? Savvy consumers know the best deals usually come from the larger sizes, which tend to have a lower price by weight. I don't even look at the tiny bags. Or are they seriously trying to frame shrinkflation as somehow being for a customer's benefit?
Yeah they are attempting to frame it that way. Here'd the logic in their muddled heads.
"We've increased the price of a 250g pack to £2 and people have stopped buying, so we'll reduce the price to £1.50"
"Yeah but you reduced the size to 100g"
"But the price !!!" Waves hands confusedly.
"Well, at least you'll have a side dish to eat shit with"
are they seriously trying to frame shrinkflation as somehow being for a customer’s benefit?
In the age of MBAs, I would bet on that 9 times out of 10.
Like if I'm going to pay $9 Canadian for my chips anyway, I might as well buy the locally made brand or other premium chip.
If you've found one, do you have any leads on a Canadian brand that makes good All-Dressed chips? I'd definitely pick them on my next trip north.
My rec is Hardbite Chips.
*But honestly try any Canadian product you see available.
I used to only buy name brand snacks. I like the consistency, and I can afford it, so I'd spend the extra few cents. And honestly I just didn't even pay attention to the price.
But $6 for a bag of Cheetos? I can still afford that, but I won't because fuck them. I'm buying store brand for life now. If they put the price lower than it was before and fire someone for being so disrespectful to their customers, I'll give them another shot, but that's not going to happen.
I've not yet found a single good store brand here in Estonia.
I have however resorted to eating significantly less of that shit and preferring Taffel (Finnish), Estrella (part of German company Intersnack) or Balsnack (Estonian) when I do.
Attempts to win back consumers through smaller package sizes and promotional deals went nowhere.
They tried to win consumers by shrinkflation? Oh fuck them.
shrinkflation and greedflation. or a combination with Cheapflation, although this is more common with hygiene/cleaning supplies products.
When I initially readthe headline I was very confused because I hadn't been aware Pepisco had become a semiconductor manufacturer.
The best flavors are made in Taiwan
See! Everyone has been saying AI is inflating chip prices! Not so!
/wait, what?
“We’ve spent the past year listening closely to consumers, and they’ve told us they’re feeling the strain,” said Rachel Ferdinando, CEO of PepsiCo Foods U.S. “Lowering the suggested retail price reflects our commitment to help reduce the pressure where we can. Because people shouldn’t have to choose between great taste and staying within their budget.”
What a fucking liar. They spent the last couple of years trying to find ANY other solution besides lowering prices, and now they are lowering them AFTER losing a billion bucks, and trying to frame it as trying to help their customers. No they aren't, the bleeding has gotten so bad that they are now in a blind panic.
I stopped buying their overpriced crap long ago. At Aldi, you can get a decent sized bag of the best kettle-cooked chips I've ever eaten for less than $2. A tiny bag of Lays, 20% of the size of an Aldi bag, is $3 or more. Pepsico can go fuck themselves with their predatory prices.
As much as I will always have a purple shaped hole in my heart for the sweet chili flavor, I'm totally cool not ever eating them again. Every big company can suck my shriveled excuse for a phallice. I have seen that they will destroy anything and everything around them for a few extra hundredths of a percentage point in share prices.
Side note, homemade tortilla chips with a little sprinkle of a ranch seasoning packet+cayenne>>>Doritos cool ranch.
The CEO talks about their products like the McDonalds CEO.
holds bag of Doritos I just want you to know, I will be having this for my snack.
Oh no poor people are our biggest market. How else will people in food deserts get their calories.
I love a good news day.
Yup quit buying their stuff a while back. Insane prices and less product. Only a clueless idiot would think that would attract customers.
Watching the prices go up and up while bags got smaller and smaller and smaller was infuriating.
'Normal' sized bags now are almost all under 200g now.
'Family size' are smaller than the old Normal sized bags
I mostly buy store brand chips which remained reasonably priced now.
The article doesn’t mention it, but at least here in Europe, one big issue is that they changed all their products to be tasteless.
Because of the ‘healthy foods’ grading we have here, they took out a lot of what made their chips tasty. Resulting in very bland products. We personally haven’t bought any of those brands for a few years now because of it. Because I don’t want a ‘healthy’ chip - I want a tasty snack.
It’s definitely noticeable in Dutch supermarkets that many people are ditching those brands because of the lack of taste. And the price increases just accelerate that.
There is a Frito-Lay factory in my home town. It absolutely stinks. At certain times of the year, it’s worse and the odor just lingers in the air.
I notice all the brand name chips are $6-8 but the off brands and Walmart brands are like $2-3…
It's just pure greed, plainly blatant.
Artificial movement on the supply or demand curves will typically work back toward equilibrium...
Look who found the near side of the total cost curve.
My local grocery store brand has a similar or better alternative anyway, and always cheaper.
Why would anyone buy Lays when Utz exists, is cheaper, and better?
Until fairly recently, Utz wasn't available in a large part of the country.
It is now, though, thankfully.
And I know exactly what you mean. Utz chips are definitely better.
I do wish the crab flavor was more available outside of the Central Atlantic region.
Like I'd ever willingly buy an American product.
Too bad. I've learned my lesson and won't be giving you business my money again.
No surprise here. Their shit is overpriced and not in any meaningful way better than most competitors. Yeah there are some things like Fritos that are pretty unique, but potato chips are a dime a dozen and you can honestly get much better potato chips from other brands.
Why are adults still eating this crap? It’s going to cost you $6 now (including price drop) and thousands+ more because of health issues it’ll create in the future.
Best thing inflation did was force me to learn how to bulk cook. I do take out and eat junk food a handful of times per year. My wallet is happy, and my bloodwork is looking good too.