Black Friday is the day after Thanksgiving and is widely known as the beginning of the holiday shopping season. Black Friday was popularized online in the 2000s to compete with physical store sales. This term was adopted both by online and traditional sellers all across the country.
What does Black Friday actually mean?
Thanksgiving Day is the fourth Thursday of November in the United States. Black Friday is the next most popular shopping holiday. Black Friday is a day when many retailers hold their best sales and deepest discount.
This term also refers to the accounting term "in red", which is about profits. While many retailers are profitable in November and December, they lose most of the year (in the red).
Retailers moved the Black Friday start time from Friday morning to the evening in an effort to extend the shopping day. This was also done in 2014 and 2013. Some retailers even go so far as to start Black Friday sales the Monday before Thanksgiving Day.
History and Origin
Philadelphia claims that Black Friday was first used as a name for Thanksgiving in the 1950s. The term was used internally by police officers at the time to describe the large number of pedestrians and cars that clogged Philadelphia's shopping streets every Black Friday. Accidents and violence were frequent among the vehicles and people who clogged Philadelphia's shopping districts every year. To manage the chaos and maintain order, every officer needed to be present.
Earl Apfelbaum, a Philadelphia rare-stamp dealer, published the first known usage of Black Friday in 1966. The term was first used in Philadelphia from 1966 until the 2000s. It was used in Philadelphia until the 2000s, but it did find some use in other places in the 1980s.
The name was not used by the initial retailers, since black days of the week were historically a reference to adverse events. A few examples include:
- Black Monday, Oct. 19, 1987: The Dow Jones index fell 22 percent in a single day.
- Black Thursday, October 24, 1929 - The Stock Market Crash is historically considered the beginning of the Great Depression.
- Black Friday, September 24, 1869: The original Black Friday was the crash of the U.S. Gold Market. At that time, gold was one of the most important trade markets. Investors of all income levels were represented and many went bankrupt.
Black Friday was a day when retailers decided to alter the negative association with it. Accounting traditionally shows business losses in red ink and profits or gains in black ink. Many retailers would be "into the red" after the fall but "into the Green" during the holiday shopping period.
To create a positive association, Black Friday was renamed "Black Friday". This meaning was accepted by shoppers, and it is more popular today than in 1950.
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Black Friday Deals and Online Shop
Black Friday is a great day to purchase consumer electronics like computers, TVs, and tablets as well as gaming systems. For some shoppers, it takes hours to find a great deal. Some prefer to shop online.
Black Friday deals that are available online can be accessed by shoppers who shop in-store simultaneously. You may be able to find different door-buster offers from online stores if they offer a limited quantity of door-buster discounts.
Cyber Monday was created out of the desire not to be surrounded by people or in long lines. Cyber Monday is Monday immediately after Black Friday and is dedicated to online shoppers. Every hour, there are special offers on specific shopping sites. Cyber Monday deals are often more popular than Black Friday deals. Online shoppers should shop around for the best deals and check frequently for new offers on their favorite sites.
Green Monday was added to the holiday shopping season’s list of special deal days. It is the second Monday in December and aims to draw shoppers who still have Christmas gifts they can buy online or in-stores.
