Black Friday is often regarded as the official start of the holiday shopping season. Millions of shoppers start searching for the best deals on Christmas gifts for their loved ones and friends as soon as the last Thanksgiving dessert has been served. You may have witnessed the chaos, long lines, and general chaos of Black Friday.
Have you ever wondered how Black Friday came to be? We have all the details about Black Friday, starting with the name and ending with the date that the first shopping bonanza was established. Although Its sales and Cyber Monday’s extension seem to begin earlier every year, it is still the best day to get great Black Friday on medicines.
Where did the phrase Black Friday originate?
Although it’s difficult to pinpoint when Thanksgiving became a retail-free-for-all, It was first used in the late 19th century. According to The History Channel, it was first used to refer to the U.S. Gold Market crash on September 24, 1869.
It is unclear if the connection to the holiday season is clear. Britannica suggests that the use of the phrase Black Friday to refer to a large-scale sales event may have originated in the early 1960s when Philadelphia police officers used it to describe the “chaos that resulted from large numbers of suburban tourists coming into the city to start their holiday shopping.”
It was popularized in the U.S. by the 1980s and retailers started to market it. The event was associated with the idea of stores operating at a loss or “in the red” throughout the year but being able to make a profit (or go “into the black”) on the day following Thanksgiving because that’s when most shoppers spend their money on gifts.
Another factor is that stores used to follow a rule in the past that the holiday shopping season did not begin until after Thanksgiving. Therefore, no store would aggressively market holiday sales until Friday following the holiday. It was a big deal when the floodgates were opened that day.
It is called Black Friday
According to the Encyclopedia Britannica, It was not about shopping but about money. The price of gold plunged on September 24, 1869. This caused panic in the securities markets, which had a negative impact on the economy of the United States. Eek! Eek! Although this theory has been disproven, it is still part of the Christmas shopping season lore.
Where and when was the first Black Friday?
Black Friday as we know it was founded in Philadelphia nearly 100 years ago. According to the History Channel in the 1950s, there was a rush of shoppers anticipating the Army-Navy football match, which caused traffic and crowds. The term “Black Friday” was adopted as the name for the annual event in 1961.
The name and concept of Black Friday were not popularized until the mid-1980s. Over the years, more retailers joined and stores opened earlier and earlier every year. This eventually led to the sales we now know as Cyber Monday and Small Business Saturday.
When does Black Friday start in 2022?
Black Friday 2022 will be held Friday, November 25, 2022. Major retailers such as Walmart stopped opening on Thanksgiving evening and instead opened their doors at 8 a.m. the following day. You can still shop It online no matter when or where you are shopping. No matter how you shop, there are always great deals!
Black Friday is the biggest shopping day of the year.
It’s easy to ask if It is still the most popular shopping day of the year, given the popularity of Prime Day and Way Day.
It’s not necessary for major retailers to be profitable. They are generally making money or at least trying to make it, throughout the year. Investors wouldn’t like a company that turns losses in three quarters of each fiscal year.
Despite this, Black Friday is the most important day of the year when you can expect almost all major retailers to offer discounts on top-rated products. It is a Super Bowl of Savings. You can expect markdowns at nearly every store and e-commerce site. Many businesses will host early sales to capitalize on the increased competition.
There are some years that are better than others. Experts predict inflation and supply-chain issues will impact overall profits in 2022. However, retailers can counter this by hosting more early sales. Shoppers may also be eligible for loyalty programs specific to their business that could help them save additional money.