Black Friday Sale

Question - What is Black Friday?Answer - The Day After Thanksgiving (Friday) is known as Black Friday. This used to be unofficially or officially the start of holiday shopping season. Almost all stores come out with Doorbuster Sales with the early bird special to attract consumers to their shop. People stand in line hours before the stores are opened, to grab the bargains of the year. In last few years, we have witnessed a trend towards bringing those Black Friday Sales online before Friday.Black Friday is no more a one-day eventIn last few years (starting from 2013 to be precise), Black Friday Sales have started way before Friday-with some stores starting their Black Friday sales on Thanksgiving day & some even starting on Wednesday and Monday. It would not be surprising to see Black Friday sale starting on Monday on the Black Friday week. As a result, revenue-wise Black Friday is NOT the biggest day for stores. Biggest sales day now include Thanksgiving day, Green Monday and Cyber Monday.

 

Question - Why it is called Black Friday?Answer - Closest reason as to why it is known as Black Friday is given in Wikipedia - "Many retailers report some of their highest profits on Black Friday. The black portion of the name, "Black Friday" relates to businesses recording their losses in red ink and gains in black. This tradition lives on in modern accounting software, hence the name.". The term Black Friday got traction with the Internet. Deals websites like Dealsofamerica. www.magbell.com/black-friday-sale/

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