When people know that Black Friday soon follows Thanksgiving Day, it’s the day when people spent time all day long shopping at locations. The main objective is to save time and money when Christmas is in the next month. But do you actually know what’s Black Friday? If, not, then look ahead to find some surprising facts.
The term ‘Black Friday’ was first used on 24th September 1869. It was at that point of time, the stock market was observed to be crashed. In the US, the government officials came into the scenes and were in the process of stabilizing the scenario through the introduction of gold in the US market. This step didn’t do any good but led to the increase in the prices followed by a loss of fortune for investors.
According to a report dated 1975, the words ‘Black Friday’ were considered to be Philadelphia slang. To put it in better words, the inhabitants of Philadelphia were the first to make the phrase popular. With commotion all over the city and congestion spread across the streets due to many shopaholics, police officers finally got frustrated and added a negative tone with the name ‘Black Friday’. Much to the surprise, many retailers were unhappy to associate themselves with such a kind of day when there was nothing else apart from smog and traffic. So, in 1961, the term was thought to be called as ‘Big Friday’ but, the term failed to prevail for long.
When shopping is always on the rise throughout this day during Black Friday sale, retailers started thinking positively. Apparently, retailers added on to a profitable business and there wasn’t a win-win situation every year. Moreover, no evidence supports the development of businesses. Despite the revenue of $59.1bn last year, it’s unclear about how this profit was achieved even when deep discounts hit the marketplace.
Even though it’s the fact that the day was known for Black Friday offers, Black Friday didn’t earn a recognition till 2001. This is because Americans didn’t love to grab deals rather preferred to delay shopping. But, coincidentally it was a Saturday before Christmas and people rushed out from the arcades with not even a single penny in their wallets. The rule which wasn’t followed earlier came into action in the year 2001.
The tradition was very much different in 2011. This was due to the fact that one of the leading retailers opened the store on Thanksgiving evening. Since then, the race has been better than expected. It was observed that 33 million Americans thought about shopping soon after they had an enjoyable time during Thanksgiving Day. But, this time, the scene is nowhere near. ‘Grey Thursday’ was the new name that popped in the minds of many retailers.
Finally, if you would like your little ones to know more about Black Friday, then shop books online. You would be able to find the best ones with options as many as you might haven’t thought about.