Now we can see many businesses and shops offering discounts for Black Friday. All of us are shopping and enjoying the discounts but, do we know where Black Friday comes from?
Black Friday originates from the United States, dating back to the late 1960’s, when a stamp dealer, first mentioned Black Friday in an ad. Many retail stores start their holiday sales with a big bang, offering sales and discounted prices to consumers on the day after Thanksgiving. The discounts are as great as 80% off the original price. For many stores these sales last only 24 hours or until products are sold giving people the impression that they have limited time to shop. Since there is a sense of urgency to be the first to buy, people often rush to their local malls and retail centers creating traffic, long lines and mayhem for those who are working this day. It is commented that Black Friday was first used by the Philadelphia Police Department, describing the day as black because of the aggressive mobs of people in the streets and sidewalks.
This year Black Friday will be celebrated on November 25th and although, the tradition started with having 24 hour sales, now the sales are extended and last for a week. Some sales even start on the same night of Thanksgiving, encouraging people to make lines awaiting stores to open at midnight.
Thanksgiving is one of the most celebrated holidays in the United States. It is estimated that 50 million people travel to their families to eat turkey and pumpkin pie. Black Friday has turned into a holiday tradition for many people in the United States. They wake up early on Friday morning to go shopping and start buying their holiday gifts.
Today, Black Friday’s name is considered positive due to its association with the fact that many retailers earn high profits on this day, and accountants use black when recording profits in their book keeping. In 2012, consumers spent $59 billion, which averages about 420$ per person. Many shops see the biggest profits of the year on Black Friday.
Black Friday is chaotic since many people are out driving on the roads creating traffic jams and long lines in the stores. In an attempt to make it more organized many retailers are extending the sales to last one week. Many people are now shopping online as well, to avoid the long lines at the stores.
Where will you be shopping this Black Friday?