Definition of Black Friday
What is "Black Friday"? What is the definition of "Black Friday"?
"Black Friday" is the first Friday after Thanksgiving in the United States.
"Black Friday" officially marks the beginning of the holiday shopping season in the US.
Why is it called "Black Friday"?
Due to the surge of holiday shopping traffic, many retailers are thought to officially turn profitable for the year on this day, or "move into the black".
Many retailers run in the red (meaning, they lose money) up until this day, and then when people start pulling out their wallets and purses for holiday shopping, the retailers start turning a profit for the year.
For this reason, "Black Friday" is an immensely important day of the year for retailers in the United States. The strength of "Black Friday" usually gives a very good indication as to how the entire holiday shopping season will turn out.
In an effort to get as much foot traffic as possible, retailers will unleash some pretty crazy deals on "Black Friday". Expect more of the same this year, especially given the weak economy.
Davemanuel.com Articles That Mention Black Friday:
Black Friday: Online Sales Dominate
Report: Black Friday Weekend Spending Down 11%
Online Holiday Shopping Up 16% YoY Through December 21st
Report: US Retail E-Commerce Holiday Season Spending Up 16% Over Last Year
Young People Dominate "Black Friday" Crowds