Today is the Day: How Did Black Friday Get Its Name?
It’s Black Friday, the shopping phenomenon that has people waking up at dawn, braving long queues, and scrambling to snag those unbeatable deals.
But have you ever wondered where the term comes from?
The term originated in the USA—not for the sales frenzy but because it marked the day retailers moved from the “red” (losses) to the “BLACK” (profits) on their balance sheets. It was the first time in the year cumulative profits outweighed losses.Over time, Black Friday evolved into a retail spectacle, with early store openings, huge discounts, and even snacks for eager shoppers. In 2005, Cyber Monday joined the party, giving online retailers their own big sales day—and it’s been a hit ever since.
What does it mean today? Black Friday and Cyber Monday are no longer just about US retailers hitting their profit goals. They’re now global phenomena, generating billions in sales and offering shoppers worldwide an opportunity to grab incredible deals.
So, whether you’re braving the crowds in stores or adding items to your cart online, make the most of this shopping extravaganza. Remember: the best deals don’t last long, so shop smart and snag those savings!-
Posted by Brian Hume
29th November 2024
