A vending machine includes a cabinet, a first merchandise carrying member disposed within said cabinet having a plurality of vertically aligned conveyor racks and a vertically extending elevator disposed within the cabinet. The elevator has a movable bucket. The machine also includes a second merchandise carrying member disposed within the cabinet, disposed under the plurality of conveyor racks and including at least one serpentine rack. A conveyor mechanism is disposed under the at least one serpentine rack for receiving merchandise from the at least one serpentine rack and for carrying this same merchandise to the bucket of the elevator.