Black Friday, the day after Thanksgiving in the United States, is historically one of the busiest retail shopping days of the year. Many consider it the "official" beginning to the holiday season. Most retailers will open very early and usually provide massive discounts on their products, and offer doorbuster deals to draw people to their stores.For the whole article with links, go here.
Although Black Friday is typically the busiest shopping day of the year in terms of customer traffic, it is not typically the day with the highest sales volume. That is usually either Christmas Eve, the last Saturday before Christmas, or December 26th
One theory is that retailers traditionally operated at a financial loss for most of the year (January through November) and made their profit during the holiday season. When this would be recorded in the financial records, common accounting practices use red ink to show negative amounts and black ink would show positive amounts. Black Friday is the beginning of the period where they would no longer have losses (the red) and instead take in the year's profits (the black).
Another theory comes from the fact that shopping experience on this day can be extremely stressful. The term is used as a comparison to the extremely stressful and chaotic experience of Black Thursday or other black days.
Friday, November 24, 2006
I hope you all had a wonderful Thanksgiving yesterday. Right now many of you may be fighting the lines and crowded parking lots in order to get a good deal. Personally, I wouldn’t be caught dead in a store today. Part of our discussion at the dinner table yesterday in our house included where the term “Black Friday” originates. Here is a definition from Wikipedia. Not only does Black Friday connotate several things, but it is also only number four in the most profitable shopping days of the year.
Posted by Scott Sterner at 8:40 AM