Black Friday, the day following Thanksgiving, is well-known as the start of the holiday shopping season. Black Friday was first popularized online in 2000 to rival physical store sales. This term was used by both traditional and online sellers across the country.
What does Black Friday really mean?
Thanksgiving Day in the United States is the fourth Thursday in November. Black Friday is the next most-popular shopping holiday. Black Friday is when retailers offer their highest sales as well as deepest discounts.
This also refers to accounting terms “in red”, which are about profits. Many retailers are profitable in November or December but lose the majority of the year (in red).
In an attempt to increase the shopping day, retailers moved Black Friday’s start time from Friday morning into the evening. In 2014 and 2013, this was also done. Some retailers go so far as to offer Black Friday sales on Mondays before Thanksgiving Day.
History and Origin
Philadelphia claims that Black Friday is the first name used for Thanksgiving. This was in the 1950s. Police officers used the term internally to describe a large number of pedestrians and cars who clogged Philadelphia’s streets on Black Friday. There were many accidents and violent incidents among the people and vehicles that clogged Philadelphia’s shopping streets every year. Every officer was required to be present in order to manage the chaos and keep order.
Earl Apfelbaum, a Philadelphia rare stamp dealer, published the first known use of Black Friday in 1966. From 1966 to the 2000s, Philadelphia was the first place where this term was used. The term was first used in Philadelphia from 1966 to the 2000s. However, it did see some use elsewhere in the 1980s.
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Since black days of the week are historically a reference for adverse events, the name was not used by the original retailers. A few examples include:
- Black Monday, Oct. 19, 1987: The Dow Jones Index fell 22 percent in one day.
- Black Friday, October 24, 1929. The Stock Market Crash was historically considered to be the start of the Great Depression.
- Black Friday, September 24, 1869. The original Black Friday was caused by the collapse of the U.S. Gold Market. Gold was the largest trade market at that time. Investors from all income levels were represented, and many of them went bankrupt.
Black Friday was the day that retailers tried to change the negative association they had with it. Accounting typically shows losses and profits in red ink, while gains or losses in black ink are shown. Many retailers would be “into the red” after the fall, but “into green” during the holiday shopping season.
Black Friday was renamed Black Friday to create a positive association. This meaning was accepted and is much more popular than it was in 1950.
Black Friday Deals and Online Shopping
Black Friday is a great time to buy consumer electronics such as computers, tablets, and TVs. Some shoppers spend hours searching for the best deals. Many prefer shopping online.
Black Friday deals can be accessed online by shoppers who also shop in-store. If they have a limited number of door-buster deals, you might be able to find other door-buster offers online.
Cyber Monday was born out of the desire to not be surrounded by people or in long lines. Cyber Monday, which is the Monday following Black Friday, is dedicated to online shoppers. Each hour, special offers are available on certain shopping sites. Cyber Monday deals are more popular than Black Friday sales. Online shoppers should compare prices and keep checking for new deals on their favorite sites.
Green Monday This was added to the holiday shopping season’s list for special deals days. It’s the second Monday of December, and it aims to attract shoppers who still have Christmas presents they can purchase online or in-store.
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