11/27/2020
NATIONAL BLACK FRIDAY DAY!
In the United States, the day after Thanksgiving has become known as Black Friday and is considered the official kick-off for holiday shopping. Retailers across the country slash prices, offer doorbuster deals on popular big-ticket items and often open in the wee hours of the morning to extend early bird specials. Dedicated and thrifty shoppers line up outside the stores to be the first to grab that special deal or this season’s popular and hard-to-find gift.
BLACK FRIDAY HISTORY
The origin of Black Friday is derived from the enormous amount of sales retailers report which can often bring their profits into the black. Black in accounting is used to describe a business making a profit as opposed to being in the red denoting losses.
Before 1980, the term Black Friday had a more ominous term in sports. It was considered a curse. For example, in 1981, on March 13th (an unlucky Friday) the 76ers lost for the second Friday the 13th in a row. Sportswriters used the term Black Friday in reference to their bad luck.
In another reference, the term described the dread of employees who would potentially be without jobs on a Friday. It also reflected the darkest and widest spread financial impacts – the fall of Wall Street. The Black Friday of 1869 may be the earliest use of the term.
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