Considered to be the biggest shopping day of the year in the United States, Black Friday is the day after Thanksgiving. This day ideally falls anywhere between November 23 and 29. This year the Black Friday falls on November 24. However these days with stiff competition among retailers and pressure to deliver, many shops launch deals well ahead of the big day.
The term “Black Friday” was coined in the 1960s to mark the kickoff to the Christmas shopping season. “Black” refers to stores moving from the “red” to the “black,” back when accounting records were kept by hand, and red ink indicated a loss, and black a profit. Ever since the start of the modern Macy’s Thanksgiving Day Parade in 1924, the Friday after Thanksgiving has been known as the unofficial start to a bustling holiday shopping season.
Used to describe a pre-Christmas day of commercial carnage, the term “Black Friday” originates from Philadelphia, USA, in the early 1950s. Online retail giant Amazon introduced the concept to the UK in 2010. Asda, owned by America’s biggest retailer Walmart, followed suit in 2013.
As retailers began to realize they could draw big crowds by discounting prices, Black Friday became the day to shop, even better than those last minute Christmas sales. Some retailers put their items up for sale on the morning of Thanksgiving, or email online specials to consumers days or weeks before the actual event. The most shopped for items are electronics and popular toys, as these may be the most drastically discounted. However, prices are slashed on everything from home furnishings to apparel.
Black Friday is a long day, with many retailers opening up at 5 am or even earlier to hordes of people waiting anxiously outside the windows.
So, you might want to keep track of Black Friday if you love a bargain or you’re saving up for something big as it is only a few weeks away.