Black Friday
What is Black Friday?
(Halatihazira)
Black Friday is actually a day after the U.S Thanksgiving Holiday. This day
itself is also a holiday for many employees.
Back
in the late 1800s, many stores sponsored Thanksgiving parades. After the parades, the stores opened their
doors and the holiday shopping season began.
The exact year this tradition began is not known, by the beginning of
the 20th century, it was common for retailers to start their holiday-season
sales as soon as Thanksgiving ended.
On
this day, sellers offer products with special shopping deals and great
discounts. The day is considered the beginning of the holiday shopping season.
History of Black Friday
In
History, this day was a stock market catastrophe that took place on Sept 24,
1869. After a period of uncontrolled supposition, the price of gold dropped,
and the markets crashed.
Since
2005, Black Friday has remained the busiest shopping day of the year in the United States.
Thanksgiving
is celebrated on the last Thursday of November. When in 1939, five-Thursday
November passed, business leaders asked President Franklin D. Roosevelt to move
the holiday back a week so that the holiday shopping season could start
earlier. President Franklin agreed and after several years, Americans
settled into celebrating Thanksgiving on the 4th Thursday in November so that
retailers can start holiday sales before December.
Origin of the Black Friday Name
We
all have heard about Black Friday. Do you know how this “black” word was added
with Friday?
Black
is referring to black ink used on handwritten ledgers to denote profit.
Actually, this story began by retailers to make the name sound more favorable.
The
real origin of the Black Friday term came from Philadelphia, where the
Navy-Army football game is played on the Saturday following Thanksgiving every
year.
Hiring and Spending on Black Friday
100
million people who shopped in a physical store on Black Friday 2016 and spent
$7.9 billion.
$655.8
billion were spent over the 2016 holiday season.
$935.58
amount spent per shopper over the 2016 holiday season
500,000
were the estimated number of workers hired for the 2017 holiday season.
In
2019 According to Adobe Analytics data Black Friday hit a new record with
consumers spending $9.0 billion, an increase of 21.6% year over year (online
sales hit $7.4 billion on Black Friday in 2019).
Black Friday Deals 2020
Cyber
Monday 2020 collected data of $10.8 billion which makes it the biggest
e-commerce day in US history. In spite of COVID-19, the spent amount in 2020
increased.
Black Friday deals 2021
Record consumers' spending is expected on Black Friday 2021. Being the top online store Amazon Black Friday online deals expect a record selling.
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