November 26, 2006
Black Friday
I came across this term “Black Friday” in the last few days and wondered what is it. Prior to that I was thinking that could it be something unlucky or some unfortunate incident that had happened in the past on a Friday, so they named it Black Friday. So out of curiosity I decided to check it out. Fortunately I was wrong and according to Wikipedia, Black Friday is :-
The day after Thanksgiving in the United States, is historically the busiest retail shopping day of the year. Many consider it the “official” beginning to the Christmas season. Most retailers open very early (typically 5 A.M.) and usually provide massive discounts on their products, and offer doorbuster deals to draw people to their stores.
And how did the term came about? Well here is one theory and again from Wikipedia.
One theory is that retailers traditionally operated at a financial loss for most of the year (January through November) and made their profit during the holiday season. When this would be recorded in the financial records, common accounting practices would use red ink to show negative amounts and black ink to show positive amounts. Black Friday is the beginning of the period where retailers would no longer have losses (the red) and instead take in the year’s profits (the black).
Well that’s it, thats why I came across Black Friday sales, Black Friday that..so it has to do with shopping.
Read more at http://en.wikipedia.org/wiki/Black_Friday_(shopping)