Black Friday Today - Deepstash

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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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MORE IDEAS FROM THE SAME ARTICLE

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.

  • 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...

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...

  • 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.

  • 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 ...

  • 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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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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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 ...

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Shopping as a bonding activity

Shopping can be a bonding activity between friends and family members. But making positive connections with people you don't know (offering a cashier a warm thanks for example) has a remarkably powerful impact on well-being and even physical health.

These short moment...

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