What is Black Friday: History Behind the Year’s Biggest Bargain Binge

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Black Friday
What is Black Friday: History Behind the Year’s Biggest Bargain Binge

Black Friday is the traditional shopping day coming after Thanksgiving day in the United States. Regarded as the beginning of the nation’s Christmas shopping season, almost all retailers offer special promotions and great deals to entice customers. Many shops release details of their sale items before the day, so there are a plenty of ways to bag the best deals. No doubt, Black Friday has snowballed into one of the nation’s biggest sales bonanzas of the year. There are many questions that may come into your mind like where did it originate and why is it such a big shopping season?  In this article, we’ll let you know what is Black Friday and all the related answers to your queries. Let’s have a look.

What is Black Friday?

What is Black Friday

For those who don’t know exactly what is Black Friday, it’s the day after Thanksgiving, when turkey-stuffed customers take advantage of the holiday to do some shopping. Black Friday is the term used for shopping phenomenon taking place in the U.S. on the day after Thanksgiving when millions of consumers who get the day off from work or school crowd into stores for what is traditionally considered the beginning of the Christmas shopping season.

Commencing in 2013 and 2014, many retailers began moving back the start time of their Black Friday deals from the early morning hours of Friday morning to the evening of Thanksgiving Day as a way to lengthen the most notable shopping day of the year. There are some retailers who have gone a step further, kicking off Black Friday sales as early as the Monday before Thanksgiving Day.

You May Also Like: 7 best online services to seal a deal this Black Friday

What is Black Friday: History and OriginHistory and Origin of Black Friday

As we’ve mentioned above, Black Friday is traditionally the day following Thanksgiving in the U.S. and is regarded as the beginning of the Christmas shopping season. On Black Friday, shops’ prices plummet for 24 hours in an attempt to get people splashing the cash in the run-up to Christmas. Every year, big retailers like Amazon, Argos, and Morrisons use Black Friday to give massive price reductions to shoppers.

Used to describe a pre-Christmas day of commercial carnage, the term “Black Friday” originates from Philadelphia, USA, in the early 1950s. At that time, police officers in the city used the term in reference to the large crowd of pedestrians and vehicles that congested Philadelphia’s shopping district annually on that day. The throngs of folks and cars resulted in accidents and often violence that required every officer to be on duty to keep order and manage the chaos.

The term “Black Friday” was coined in the 1960s to mark the kickoff to the Christmas shopping season. Here, “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.

Originally, retailers have resisted the name Black Friday as the black days of the week have historically been used to explain negative events. Let’s have a look at a few examples. They are:

  • Black Monday, October 19, 1987: Largest one-day drop in stock market history when the Dow Jones index dropped 22%.
  • Black Thursday, October 24, 1929: Stock Market crash that is historically considered the start of The Great Depression.
  • Black Friday, September 24, 1869: The original Black Friday was the crash of the United States Gold Market. At that time, gold was one of the primary trade markets with investors from all income levels.

Online Shopping and Black Friday Deals

Online Shopping and Black Friday Deals

Well, if we talk about online shopping and Black Friday deals, the most popular Black Friday deals often center around consumer electronics like computers, tablets, TVs, and various gaming systems. While some shoppers are willing to wait in a queue for hours to grab a great deal, there are some shoppers who are opting to avoid the crowds and shop online. Most of the retailers offer many Black Friday deals to online shoppers that kick off at the same time as the in-store sales. What’s more, stores that provide limited quantity door-buster deals may also offer a different door-buster deal exclusively for online shoppers. So this was all about what is Black Friday and its deals.

Moving further, it’s easy to connect the distance between Black Friday and Cyber Monday, but did you know that Cyber Monday started as a hangover sale on Black Friday? Cyber Monday is the Monday following Black Friday and is dedicated to online shoppers with many special deals available as often as every hour on some shopping websites. The most recent addition to the holiday shopping season set of special deal days is Green Monday. Green Monday is the second Monday in December and aims to capture shoppers both in stores and online who still have gifts on their list to buy.

Don’t miss out: Best Black Friday Deals 2017 You Shouldn’t Miss

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What is Black Friday: History Behind the Year’s Biggest Bargain Binge
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Black Friday offers many special deals and it's considered as the kickoff of the holiday shopping season. Read on to know what is Black Friday.
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NextGeekers
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Ajitender Kaur is a professional writer with an undying passion for writing and has always worked towards achieving excellence in her work. She has done her masters in Electronics & Communication Engg. Being a gadget geek, Kaur has enhanced her knowledge in every latest technology, making her capable of writing accurate and knowledgeable articles. Kaur loves to hang out with friends and explore new places. She is an aspiring writer who believes that dreams never die and never let your dreams starve.