Black Friday Definition - Deepstash

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Black Friday Definition

investopedia.com

Black Friday has two relevant meanings

  • In history, Black Friday was a stock market disaster that happened on September 24, 1869, when, after a period of uncontrolled speculation, the price of gold crashed, and the markets crashed.
  • The contemporary meaning refers to the day after the U.S. Thanksg...

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  • Retailers may spend an entire year planning their Black Friday sales. They use this event as their chance to offer special prices on overstock inventory and discounts on seasonal items, such as typical holiday gifts.
  • Retailers also offer significant discoun...

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There is a theory stating that, when it comes to "Black Friday", the term "black" refers to being profitable, which comes from the old bookkeeping practice of recording profits in black ink and losses in red ink.

Retail businesses should be able to sell enough on t...

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The term was made-up by the overworked Philadelphia police officers.

  • In the 1950s, crowds of shoppers and travelers flooded Philadelphia the day after Thanksgiving.
  • Philadelphia stores hosted major sales that day, but the city also hosted the Army-Navy footb...

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  • Black Friday become the shopping phenomenon event it is today in the 2000s when Black Friday was officially designated the biggest shopping day of the year.
  • Until then, that title had gone to the Saturday before Christmas.
  • Today, Black Friday is becoming an increasingly le...

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  • For online stores, a similar tradition to Black Friday has arisen on the Monday following Thanksgiving. Cyber Monday is seen as the unofficial start of the online holiday shopping season.
  • The idea is that consumers return to work after the Thanksgiving holiday weekend, ready to sta...

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  • The sales registered on Black Friday are frequently seen as a litmus test for the overall economic situation of the country and a way for economists to assess the confidence of the average American.
  • Those who follow the Keynesian hypothesis​ that spending d...

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