What is Black Friday?
Black Friday is one of the biggest retail shopping events of the year. It originated right here in the USA. In the last decade, Black Friday has become a fave occasion to kick off their Christmas shopping.
Though some say that the name "Black Friday" was inspired by the popular retail phrase of being "in the black" (making a profit), the history is a lot more interesting than that! The first recorded use of the term is a market crash that happened in the US on Friday, September 24, 1869. The crash happened when two Wall Street financiers, Jay Gould and Jim Fisk, tried to manipulate the marketplace and drive up the price of gold.
Almost a century later, police in the city of Philadelphia revived the term when they tried to (unsuccessfully) discourage folks from participating in the retail frenzy that always followed Thanksgiving. Over time, the phrase earned a positive spin that most of us are familiar with today, as the day when retailers can move their ledgers from "red" to "black" and turn a profit in the lead-up to Christmas. Interesting right?
When is Black Friday?
Black Friday 2016 is on November 25th this year. The date always falls on the day after American Thanksgiving. The retail "holiday" has grown from a one-day frenzy to a four-day (sometimes week-long) event with businesses opening earlier on Friday and even extending online deals into the wee hours of the morning. From Thursday night door-crashers, to weekend carry-overs, to the Cyber Monday online shop-a-thon, Black Friday has turned into a retail holiday that keeps on giving. We will be posting the latest Black Friday deals here in the lead-up and during the weekend itself from your fave stores.