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Black Friday Today
- Today’s retail environment is omnichannel. Shoppers are just as likely – if not more so – to buy stuff at home on their smartphones or laptops than drive to the nearest mall to seek the best deals in person.
- The decline of brick-and-mortar retail is devastating the lower and middle echelons of the suburban shopping center market and threatens to deal a last dealt a death blow to the downtown department store model.
- Black Friday now happens when, where, and how consumers choose. It’s also happening earlier than ever, with “Black Friday” deals appearing as early as Halloween.
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87 reads
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The Modern Holiday Shopping Calendar
- Thanksgiving fell on the last Thursday of November since 1863 until 1939, when President Franklin D. Roosevelt moved Thanksgiving to the fourth Thursday of November (starting with 1941), influenced by the request of a powerful coalition of retailers.
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115 reads
The Department Store Model: Holiday Shopping in the Early to Mid-20th Century
- The day after Thanksgiving was a natural time for shoppers to head into town and hit the department store. Most families were still together from the prior day’s feast, and few middle-class folks were required to work.
- Big-city shopping districts were anchored by d...
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89 reads
Why Black Friday Is “Black”
Black Friday wasn’t a great day for the police departments in mid-20th-century Philadelphia. By the 1960s, locals had taken to calling the chaotic day after Thanksgiving “Black Friday.”
In 1950s Philadelphia, Thanksgiving weekend was a mob scene. The A...
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135 reads
The Term “Black Friday”
- In 1869, two oligarchs conspired to corner the American gold market, which was at that time the basis for the U.S. dollar.
- Their plan was so complex and the plot finally unraveled on Friday, September 24, sending U.S. financial markets into a tailspin, ruin...
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120 reads
The 20th Century: The Parade of Sponsors
- In the middle of the 20th century, Thanksgiving parades drew crowds in most major cities and in some of the smaller towns too. Many were sponsored by local or national retailers. Back in the day, that meant mostly department stores.
- By attaching their names to the ...
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117 reads
Why Black Friday Is So Popular
Black Friday is the conventional starting day for the holiday shopping season.
Historically, it’s also been the best day to find great deals on the year’s hottest toys, games, and electronics.
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345 reads
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Cyber Monday competition
- 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...
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...
Why Black Friday Is So Popular
Black Friday is the conventional starting day for the holiday shopping season.
Historically, it’s also been the best day to find great deals on the year’s hottest toys, games, and electronics.
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