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This Friday is not just another Friday, it’s a black one! Yes, Black Friday is being observed across the world today.
This day brings a lot of sales in almost every country in the world, however, many of us are still curious about why it’s called specifically a ‘Black Friday’. Here is everything we have gathered so far:
Why is it called ‘Black Friday’?
In the US, it usually signals the start of the Christmas shopping season. Turkey-stuffed shoppers flock to both online and offline retailers to buy holiday gifts, hoping to find the best deals and discounts on a wide range of products.
Why is it called Black Friday?
In American culture, the Friday after Thanksgiving is known as “Black Friday”. As the week before Thanksgiving approaches, stores, online retailers and major brands begin to flood our screens with Black Friday deals.
Where does the term come from?
There are many misconceptions about the origins of Black Friday. Many people think that Black Friday got its name because retailers stopped making losses and started offering huge discounts to shoppers. People assumed that good deals would lead to big profits because profits are recorded in black and losses in red.
People in Philadelphia do not link Black Friday to annual sale only. In fact, the Philadelphia Police are credited with giving Black Friday its current name.
There are rumours that Black Friday has nothing to do with shopping. Black Friday was a term coined by the Philadelphia police in the 1950s to characterise the chaos that occurs on the day after Thanksgiving. At that time, hundreds of out-of-town visitors would descend on the city for the football game, creating a problem for the authorities.
Significance around the world
Black Friday has become more widely known around the world than it was in America, influencing consumer behaviour and creating a sense of rush and urgency in shopping.