Black Friday is an annual shopping event that takes place on the Friday following Thanksgiving Day in the United States. It is considered to be the beginning of the Christmas shopping season and is characterized by retailers offering large discounts and promotions on a wide range of products.
- The origin of the term "Black Friday" is not entirely clear, but one popular theory is that it refers to the practice of retailers recording their losses in red ink and profits in black ink.
- The day after Thanksgiving was traditionally one of the biggest shopping days of the year, and it was said that retailers would finally move from the red into the black on this day.
- Black Friday has become a global phenomenon, with retailers in many countries offering discounts and promotions on this day. In recent years, the popularity of online shopping has led to the rise of Cyber Monday, which takes place on the Monday following Black Friday and offers similar discounts and promotions but exclusively online November 24 friday.
Here are some interesting facts about Black Friday:
- The term "Black Friday" was first used in the 1960s in Philadelphia to describe the heavy and disruptive pedestrian and vehicle traffic that would occur on the day after Thanksgiving.
- The first recorded use of the term "Black Friday" to refer to the shopping event was in 1961, when a newspaper in Pennsylvania used it to describe the crowds and traffic that descended upon retailers on that day.
- In recent years, Black Friday has become the busiest shopping day of the year in the United States, with billions of dollars in sales.In 2019, Black Friday generated $7.4 billion in online sales in the US alone, making it the second-largest online shopping day in US history.
- The most popular items purchased on Black Friday include electronics, clothing, and toys.The busiest shopping times on Black Friday are typically between 2:00 pm and 4:00 pm, with some retailers opening as early as midnight.
- In recent years, some retailers have begun to extend their Black Friday sales beyond a single day, with some starting promotions as early as Thanksgiving Day and continuing through the weekend.While Black Friday is primarily a US event, it has also gained popularity in other countries such as Canada, the UK, and Australia.
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