Losses were recorded in red ink and profits in black ink. The other theory is that the term Black Friday comes from an old way of recording business accounts. One theory is that the wheels of vehicles in heavy traffic on the day after Thanksgiving Day left many black markings on the road surface, leading to the term Black Friday. There are two popular theories as to why the day after Thanksgiving Day is called Black Friday. Why Is It Called Black Friday?īlack Friday is one of the busiest shopping days in the USA. There can also be congestion on roads to popular shopping destinations. Some stores extend their opening hours on Black Friday. Public transit systems may not run on their normal schedule. The Monday after, is known as Cyber Monday, a marketing effort for online retailers equivalent to Black Friday. Many stores have special offers and lower their prices on some goods, such as toys. Shopping for Christmas presents is also popular on Black Friday. Others use it to start shopping for the Christmas season. Some people use this to make trips to see family members or friends who live in other areas or to go on vacation. Even where the day after is not a public holiday, many take a day off work or use a day from their quota of annual leave on Black Friday. Thanksgiving Day is a public holiday all over the US. Schools and universities all over the United States are closed for the entire Thanksgiving weekend. The same day is also a state holiday in Georgia, commemorating General Robert E Lee's birthday. In these states, businesses may be closed. ©/BakiBG Is Black Friday a Public Holiday?īlack Friday is on the Day After Thanksgiving, which is a public holiday in more than 20 states. Many people do their Christmas shopping on Black Friday. It is a public holiday in more than 20 states, and is considered the start of the US Christmas shopping season. Business Date to Date (exclude holidays)īlack Friday is an informal name for the day after Thanksgiving Day in the United States.roughly 51 million who shop at physical stores only. So no need to worry about your boss finding out that you’re shopping online on Monday! Chances are she’s buying presents, too.įun Fact: Approximately 58 million people shop online only, vs. A Young Spending Holidayīelieve it or not, Cyber Monday is relatively young-it was established in 2005 and gave consumers an opportunity to get similar holiday shopping deals from the comfort of their computers.Īctually, from the comfort of their work computers-Monday was chosen rather than Saturday because more people preferred to use the high-speed internet available at work compared to their slower internet at home. Predictions for 2021 spending are tallied at $11.8 billion. Many experts thought that because of the pandemic and economic uncertainty in 2020 consumers would be spending less. And benefit, they did: according to data from Adobe, shoppers spent a whopping $10.8 billion on Cyber Monday in 2020-a huge increase over 2019’s $9.4 billion. Now you can hit the stores in person on Friday, then finish your shopping from cyberspace the following Monday. Not to be left out in the cold, online retailers also hoped to benefit from their own shopping “holiday” around Thanksgiving weekend, and Cyber Monday was born. Once all the receipts were tallied, and the business started seeing revenue for the year, they’re said to be “in the black.” Any positive balances (gains) were written in black. In the old days, accountants entered negative balances (losses) into ledgers using a red pen. But by the 1980s, the term came to mean something different entirely-about businesses turning a profit. Some believe the term was coined in the 1960s when Philadephia public transportation drivers and police officers used it to describe the nightmarish traffic that would snarl city streets the day after Thanksgiving as people began their holiday shopping. In 2022, Black Friday falls on Friday, November 25th.īut have you ever wondered how it got that ominous-sounding name? Where Did The Term Black Friday Come From? While it’s not an official holiday, many people have the day off (except for those who work in retail). The holiday shopping bonanza known as Black Friday is the busiest shopping day of the year.
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