What is Black Friday & When is Black Friday?
What is Black Friday ?
Answer – The day After Thanksgiving (Friday) is known as Black Friday. This also is unofficially or officially start of holiday shopping season. Almost all stores come out with Doorbuster Sales with early bird special to attract consumers to their stores. People stand in line hours before store is opened, to grab the bargain of the year. Almost every store has something that interests every one. For bargain hunters, if there is a biggest festival in a year, that would be, no doubt, the Black Friday. In last few years(starting from 2013 to be precise),Black Friday Sales have started way before Friday-with some stores starting their Black Friday sales on Thanksgiving day & some even starting on Wednesday.It would not be surprizing to see Black Friday sale starting from Monday on that week. Therefore, revenue wise this is NOT the best day for stores.Biggest sales day now include Thanksgiving day, Green Monday and Cyber Monday.
Question – Why it is called Black Friday ?
Answer – Closest reason as to why it is know as Black Friday is given in Wikipedia – “Many retailers report some of their highest profits on Black Friday. The black portion of the name, “Black Friday” relates to businesses recording their losses in red ink and gains in black. This tradition lives on in modern accounting software, hence the name.”