Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
The wholesome story of Black Friday
The wholesome story of Black Friday is that happy shoppers would flood local shops and malls the day after Thanksgiving, and the extra spending would put retailers "in the black" for the year.
The Friday after Thanksgiving was named "Black Friday" and it became the unofficial start of the holiday shopping season.
71
1.08K reads
The real origin of Black Friday
- Before retail repackaged Black Friday, it had a more sinister meaning. The earliest use of the phrase Black Friday dates to 1869. It was the day gold prices plummeted and caused a market crash. The economic effects lasted for years.
- Traffic police coined the phrase Black Friday around the 1950s in Philadelphia. It was used to describe the traffic jams and intense crowding of the downtown retail stores that occurred on the Friday after Thanksgiving day.
- Local police were not the only ones who dreaded the day. The ratio of salespeople to customers added to the problem as sales associates frequently called in sick on this day to extend their Thanksgiving holiday weekend.
71
731 reads
Adding a positive spin to Black Friday
Retailers wanted to put a positive spin on the gloomy term "Black Friday."
One well-known PR executive recommended adopting a positive approach that would convert Black Friday to Big Friday. The name didn't stick, but a positive spin on the day eventually paid off.
63
669 reads
IDEAS CURATED BY
"In fact, the confidence of the people is worth more than money." ~ Carter G. Woodson
Lilliana W.'s ideas are part of this journey:
Learn more about moneyandinvestments with this collection
How to manage risk
How to analyze investment opportunities
The importance of long-term planning
Related collections
Similar ideas
4 ideas
2 ideas
6 ideas
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates