Love this as I have been boycotting their asses other than one recent slip on a Chili Frito bag.
But the point is a lot of other customers have also said Eff-You to your price gouging, sales quarter after quarter to see how much we would tolerate.
They finally found out.
Behold the coming to Jesus moment in this;
Some of the worldwide inflation is due to the pandemic and a war in Europe, but a good portion of it is companies just raising prices due to greed.
The proof is that many companies in recent years have had record profits, so to hear that some companies are losing money over price gouging is a great story.
What Iāve found disconcerting is that the store brand chips rose to the same price as the name brands. Winco and Walmart were once the place to go for cheap chips. Not much difference between them and the big boys anymore.
āPrice consciousā indeed. I said long ago that I liveānādie by the sales flyer. When I see a good price, I stock up. Nonperishables like TP, detergent, etc., Iāll load up as much as I can. Semi-perishables like canned goods, similarly, but have to rotate 'em out. Butter, mozz, etc., get loaded into the freezer.
Just recently got 18pax of eggs for 3bux (and a name-brand like Best Egg), so 2 of 'em are in the fridge in the coldest part. Still had/have like 4doz in there. Otherwise, you can pay 5-6bux/doz! Fried, scrambled, boiled, salad, go crazyā¦
The difference between regular prices and sales prices is ridiculous. So when they do āloss-leadersā to get people into the stores, Iāll take 'em up on it, but forgo the regular price stuff, as I likely got my own stockpile already.
Havenāt even had sody-pop for about a year if not more, until recently, when there was a sale 4/6 on 2L bottles. So thatās 1.50/bottle, vs 2.50-3.00(!!) regular price.
And itās not just prices going up, but shrinkflation, too. At least a 2L bottle is a 2L bottle, but when a bag oā chips used to be 16oz and now is 9.35oz instead, yeah, no. Keep it.
That is exactly why I blame Frito-Lay for this. Once they did it all the other brands said āWhat the hell, weāre going to get a piece of the action tooā And so it began.
I live in like the epicenter of Salted snacks and they all reacted the same, some slower than others.
There is one Chip maker left here that gives the most ounce per dollar and it is UTZ.
And they make a decent product, not all grease and not all broken chips and damn good Pretzels,
They now have a Mikeās Hot Honey barbque chip that is soo killer. not all stores stock it but it is worth the safari search to get.
If you really think about it, Once the foreign import tariffs kicked in and the el-cheapo USPS deals were gone. that is when current inflation run up began.
It took a little delay for all the present time backstock of China warehouseās to run out of stock before having to restock at higher price but after that and Since then, Game on.
Pandemic blame was a cover for balls out gouge and gouge they did.
Thankfully, itās getting harder and harder to blame the plandemic on every single woe thatās out there.
Like movies, especially the recent spate of flopbusters. āOh, itās the plagueā¦ people just arenāt going out to see movies anymore, thatās why our billion-dollar-budget flick is in the toilet!ā
Oh really? They ever heard of Barbenheimer, Mario, Sound Of Freedom, Gojira-1, Maverick, etc.? Studios were putting out shiite, and THATāS why people werenāt paying money to go see those dogshiite films. Make a GOOD movie, and people will go see it. All those I named were great counterexamples to their lame excuse. Even or especially those like SOF and G-1 which had miniscule budgets but turned in huge returns and profits.
So when these companies hike prices to the moon and people just stop buying the product, that aināt the plague talking, but people getting pushed and actually pushing back for a change.
Like, the plandemic has been over for years, so how long will they keep on trying to milk that excuse for people indeed voting with their wallets, and just walking away?
Agreed, itās rare that I go to the cinema these days simply because for the last few years thereās only been a handful of films released that I actually wanted to watch. Iām sick of prequels, remakes, reboots and yet another superhero sequel.
The last film I saw in a theater was the original Avatarā¦ In other words a long time ago. I choked way back then when a couple of tickets, popcorn and drinks cost north of $50ā¦ and yeah nothing to draw me in to pay thatā¦
Yeah, I saw a funny quote on the current state of economics in the world, something like: How can an average consumer afford all those disposable things while fulfilling basic living needs? The answer is: they donāt. They either cut back all disposable activities to live a life, or they splurge in the activities which brings them dopamine hits but ignore living, or they keep piling on debt and dig themselves into a deeper and deeper hole which they couldnāt possibly get out. Such a sad state of life really.
These brands go up in price at the same time because Pepsi Co owns Cheetos, Duritos, Funyuns, Fritos, Lays, Tostitos, Sabritas and more. They have dominance in junk food market. Thereās no doubt other conglomerates are co-conspirators in the prices/shrinkflation.
I ām not sure itās actually price gouging since they donāt have a monopoly and you can always just not buy their product .
Iāve always thought that the correct price of any item is the price that makes the company the most money . That means the customers are actually setting the price. Then the manufacture had to decide if they want to be in that market for that amount of profit .
I donāt think itās a matter of greed itās more a matter of survival . The years you make a bunch of money covers all the years of famine ā¦ when suddenly youāre not sitting at the cool kids table anymore.
Funny, but some investor (forgot who) said something to the effect that companies like Cokola, McDās, etc., are āsafe betsā for investing in, because even in financial down-times, people will still eat at fastfood joints and buy sodypop, chips, ice cream, and other crap to eat, that theyāre ācomfort foodsā of a sort.
Wellp, I think thatās been revised as far as fastfood joints, but people still seem to be buying crap as comfort-food. At least for now.
If theyād keep apples with apples they can probably predict that peak better, but with shrinkflation, the delay between people getting hit and finally catching on, can delay that reaction.
I wish thereād be fixed standards of container sizes. Just like 2L bottles of sodypop that hasnāt really changed in decades, there should be mandated 16oz cans of coffee, 16oz bags of chips, etc. Trying to compare yesterdayās12oz bag of chips with todayās 10.5oz bag is crazy. Bad enough itās done on the sneak, but you canāt compare without seeing the āper ozā figure in orange on the stickers. Add in a sale, and forget it. You gotta walk around with a calculator.
So that rule/guideline/etc. about setting prices to maximise profit can get a bit nebulous, based on how people react and when.
Maybe so, but it seems a bit disingenuous to keep the physical size of a package the same while simply reducing the actual contentā¦ As if the hope is that people will just not notice.
Exactly, like Stella DāOro cookies, those butter-cookies with the little splats of chocolate in the middle (Fudgetown? FudgyTheWhale? something fudgy), and the zweibachs. The tray used to be filled with the cookies and then stuffed into the wrapping. Now, the cookies are 2/3 the size and have huge air-gaps between, and the zweibachs are about an inch shorter than the tray is wide, AND the height of the cookies donāt even touch the top of the tray and you can visually see the way the wrapping sinks in.
Theyāre about as bad as Russell Stover candies. You get a shoebox but open it and thereās 95% air and only 5% candy interspersed onto the tray.
Bags oā chips are similarly mostly air. Oh, but thatās as a cushion to keep the chips from getting broken, right? Iād rather have a full bag of potato-sand than open an empty bag of air.
Chip Ahoy āfamily sizeā now is what regular size was, and regular size is now ādieting would be good for youā size.
Screw them all. Iāll save my bux and eat healthier to boot.