According the Keynesian economics, or demand side pricing, certain grocery items that are traditionally associated with Thanksgiving in-house dining did not decline after the holiday despite expirations dates. Ralph’s Grocery Company, (R), maintains its $1.49 price per pound on whole Zacky turkeys with an 11/28/11 expiration date, which provides this examiner with little explanation other than a tax write off. Butterball wholes at R remain fixed $1.69 per pound. As with Albertson’s Food Centers, (A), selling Honeysuckle wholes at $1.29 and Butterball the same as R. Spout’s, (formerly Henry’s Farmers Market), sells their free range wholes at $1.49.
As stated in this examiner’s article, (Black Friday at the Supermarkets 11/23/11), canned soups, gravies and stuffing mixes, including breadcrumbs have been reduced across the board at even specialty markets such as Trader Joe’s, (TJ), and Whole Foods Market, (WF), or have maintained their Thanksgiving leader prices; but, the various fresh vegetables commonly used in stuffing preparations—celery, onion, green and/or red and yellow peppers—have either retained pre- and post holiday prices and in some supermarkets have even been raised as a result of pass-on increasing transportation costs, i.e. gasoline.
Salad dressings are also being offered across the board—R, A, TJ, WF—at reduced prices on specific brand names: Newman’s, Ken’s Steak House, Annie’s and in-house brands; but, dairy is where supermarkets across the board, with the exception of TJ, are attempting to recapture lost profits from holiday leader items. For instance R, which prior to Thanksgiving sold one pound four stick cartons of butter for $3.00 and half gallons of milk for $1.99, now offers these same products at $4.28 and $2.19 respectively. This percentage increase seems to be consistent with all supermarkets that were open on Thanksgiving Day, which implies higher labor costs, paying employees time-and-a-half or even double time, R and A, to maintain convenience for their customers. But these are also add-on costs passed to the end user in the form of higher category prices for staples: milk, butter, bread, vegetables, meats and poultry.
Bottled water prices remained stable throughout the season but bottled, not concentrate, juice prices increased an average of 15 percent. So the Black Friday expectations of incredible grocery savings due to Thanksgiving overstocks was not manifest primarily as a result of increasing transport and labor costs.