History of Black Friday
History of Black Friday
Do you know anything about the history of Black Friday? It goes like this: Black Friday is the day after Thanksgiving falling as early as the 23rd and as late as the 29th of November. It is not an official government holiday but many employees take the day off. The massive amount of shoppers create the busiest shopping day of the year. To accomodate the crowds, many retailers open as early as 4am and offer “doorbusters” and limited quantity sales to entice people to their stores. This year many stores such as Walmart will be open on Thanksgiving day. Save on Thanksgiving Day Online Specials at Walmart.com!
The term “Black Friday” means two things. First, in the 1960’s, “Black Friday” was used by police in Philadelphia in reference to the heavy traffic on that day. Second, “Black Friday” was set to mark the first day that a retailer had sold enough inventory to turn a profit for the yea,r putting them “in the black.” According to the old by-hand accounting system , black ink indicates a profit and red ink represents a loss.