Black Friday is the busiest day to shop. Black Saturday is now a holiday shopping day. Learn how it all started.
Many believe Black Friday is name after the profit margins of the retailer, which after being in red for a year, went to the black. It is true that historically, retailers have reported their profits and liabilities in black and red. This is a false history of Black Friday.
Black Friday
Jim Fisk and Jay Gould were Wall Street stockbrokers who created Black Friday in September 1869. They created a plan to buy as much gold from the country as possible and make huge profits. This plan was cruel and led to the bankruptcy of the wealthy as well as the collapse of stock markets.
You may be wondering if there is a story behind this association with Thanksgiving Day. This association with Thanksgiving Day can be attribute to Canadians. The first Thanksgiving Day Parade was hoste by Eaton’s Canada departmental store in 1905. This parade was the inspiration for Macy’s Thanksgiving Parade. In honor of Macy’s Roaring Twenty success, the parade was created. This parade was a great way for morale and sales to be increase. Many retailers agree that holiday sales shouldn’t be delayed.
Friday, the Friday after Thanksgiving, was the day shopping became synonymous with shopping. The Philadelphia police department is responsible for Black Friday. In the 1950s, the Philadelphia police department first used the term Black Friday to describe the chaos created by suburban shoppers flooding into the city. Shoplifters took advantage of the chaos to steal goods in overcrowded shops.
Histories
Local retailers want to attract shoppers on that day. They weren’t happy about the word “black”, used to refer to unpleasant events. Black Tuesday, 1929 was the day of the stock exchange crash. Black Monday, 1987 was another day in which the stock exchange suffered a greater percentage loss than any other day in 1929.
Retailers rebranded the holiday as “Big Friday”, but it was unsuccessful. Businesses adopted the Black Friday brand later. This was when black books first appeared in retail stores.
After a few deaths and injuries, retailers tried to spread the shopping frenzy over multiple days. Retailers tried to spread the shopping frenzy across multiple days after shoppers went crazy for the best deals. Small Business Sunday is promote for Cyber Monday. Cyber Monday is the best day to shop online for holiday shopping.
Because of the Covid-19 pandemic, this year’s holiday season began long before Thanksgiving. Due to delays in manufacturing and shipping, toys and electronics might not arrive in time for holidays. Holiday shopping usually began before Thanksgiving. To speed up the process, the White House’s supply chain task force has closely worked with private companies.
The Philadelphia Story
Black Friday was a very popular holiday in Philadelphia in the 1950s. This phrase was first used by the Philly police to describe Friday’s high traffic. People were looking for holiday gifts, and then they went on to watch the Army-Navy football match. The police worked tirelessly to manage the traffic and crowds. It wasn’t a holiday.
Thanksgiving Day
1941 saw the passing of a law that made Thanksgiving the fourth Friday in November. People call in sick to extend their holiday and take advantage of the fact that shops are open on the day after Thanksgiving. Morover to avoid headaches for HR, many bosses added Friday after Thanksgiving to their paid holidays. Because it allowed people to buy Christmas gifts earlier, this extra day was very popular.
Friday, the Friday after Thanksgiving, was the day shopping became synonymous with shopping. The Philadelphia police department is responsible for Black Friday. In the 1950s, the Philadelphia police department first used the term Black Friday to describe the chaos created by suburban shoppers flooding into the city. Shoplifters took advantage of the chaos to steal goods in overcrowded shops.
In 1980, the red-to-black theory was developed to transform negative associations with black Friday’s past into something positive.
Cyber Monday
Cyber Monday, Small Business Saturday, and Sunday are excellent times to shop for holiday deals. To get the best holiday deals, some people skip Thanksgiving.
An estimated 174,000,000 Americans will shop online and in stores this Thanksgiving weekend. They spend on average $520 per person But UK retailers forecast that Brits will spend around PS7 billion on Cyber Monday, Black Friday, and Cyber Monday.
What is the most bizarre part? Black Friday isn’t the busiest shopping day – that honor goes to Saturday just before Christmas.
