After gorging on the Thanksgiving feasts, millions of shoppers descend on stores across many counties, on the Friday after the holiday, hoping to save on their Christmas shopping.
It remains a debate about whether Black Friday is the cheapest day to shop or not, many people don’t even know what exactly a Black Friday is. But here are some interesting facts that give you a glimpse into the history and present of this biggest shopping day culture.
Black Friday dates back to 1961 reportedly and 2005 officially.
It was a term used to refer to stock market crashes in the 1800s
According to a 2009 article published in TIME magazine, the phrase “Black Friday” was first used in the 1960s by Philadelphia newspapers referring to the huge rush of crowds to stores on the day after Thanksgiving.
The current “Black Friday” term first became used widely in the 1990s and refers to retailers reaching profitability or in the black – black ink, as opposed to losses, which were originally recorded in red ink.
Black Friday wasn’t officially claimed to be the busiest shopping day of the year, until 2001. The Saturday before Christmas had been the busiest day for years together until the Black Friday sales beat it.
Black Friday has spread across 15 countries in the world, including India, the UK, Brazil, France, and Norway.
Millennials are the biggest shoppers during the Black Friday
Brands and Manufacturers prepare low-quality items especially for Black Friday
On an average, a shopper spends more than $500 on the Black Friday
Surprisingly Black Friday also remains the busiest day for Plumbers, the theory being clogged drains etc. as a result of being overwhelmed by holiday guests.
So have you done your Black Friday shopping yet?