For years, customers stopping at Casey’s General Stores, a convenience store chain in the Midwest, hadn’t thought twice about snagging a soda and a bag of Lay’s or Doritos chips.
But over the past year, as the price of a bag of chips soared and some customers felt squeezed by the high cost of gas and other expenses, they began picking up Casey’s less-expensive store brand.
So Casey’s began stocking more of its own chips, in a variety of new flavors.
With supply chain issues affecting what was on the shelves, people were buying basically whatever they could find.
And they kept buying even as prices soared when the food and beverage brands raised prices to maintain their profit levels while still covering rising ingredient and labor costs.
Persons:
hadn’t, Casey’s, ”, Darren Rebelez
Organizations:
Casey’s, PepsiCo, “