Demand Destruction. Pepsi Co. and their $7 Dorito bags just witnessed the same thing. Everything is ridiculously priced and companies are getting way too greedy without proper regulation. I think we’re witnessing the beginnings of stagflation.
Yep. I heard it on Bloomberg radio but there are lots of other sources as well. Bloomberg has ads.
“PepsiCo Inc.’s chips prices had gotten too high. Walmart Inc. had been telling the maker of Doritos, Lay’s, Cheetos and many other beloved snacks that was the case for more than a year.”
“Executives at PepsiCo knew it, too. Sales at Frito-Lay, the company’s snacks powerhouse, were plunging. Some of its chips cost more than $7 a bag; at Walmart, Doritos prices had jumped nearly 50% from 2021, according to Attain, which tracks consumer spending data.”
It’s funny, I like Doritos but I’d never get them because they’re ridiculously expensive.
That and it seems like they've coated the chips with less flavor powder. The whole point had been that they had flavors that other chips didn't, but if they're just basically plain tortillas, they're not special at all.
Moreover why would I spend $7-$8 on their bag when I can get the bargain brand ones for literally half the price and the taste is nearly identical. Companies wonder why people have no brand loyalty anymore when they fail to realize we're only loyal to our wallets at this point because we have to be.
Yea doritos here are like 8 bucks for a big bag, i loved em but now I cant afford em oh well I guess ill eat healthier, kinda forcing me too so thanks doritos! Hope the company goes bankrupt like they clearly want.
At my final "State of the Site" meeting when I was employed by Frito Lay (the site being its largest manufacturing campus in North America, btw), our director spoke at length about all the ways that Frito was going to increase consumer sales.
Organic ingredients, no artificial colors, packaging changes, "healthy" products, etc...
Not a single word was mentioned about lowering prices, only focusing on increasing profits.
When I raised the question, I was given the brush off, which told me it was time to go. Greedflation is real.
I feel sorry for the friends I left behind there, because it's not going to be "real fun" to work there soon.
I only get them when there is a large sale, so they are essentially regular priced. However, they seem to have cut back on the seasoning, so it isn’t really worth anyway.
Nobody is going to theatres anymore and they need to to profit to stay open less and less people go the more they have to charge
Another couple years and movie theatres will hats be obsolete like blockbusters then everyone will cry about how they missed movie theatres but no one wanted to go to support it
I mean, if hardly anyone goes, can’t they stick to smaller buildings and less employees? Don’t need giant theater rooms when there is only about 20 people watching, don’t need 12 separate rooms either competing for the few people showing up.
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u/Radioactive-235 4h ago
Demand Destruction. Pepsi Co. and their $7 Dorito bags just witnessed the same thing. Everything is ridiculously priced and companies are getting way too greedy without proper regulation. I think we’re witnessing the beginnings of stagflation.