What is Black Friday???

Question

just wondering...i'm curious...

Answer 1

BLACK FRIDAY (SHOPPING) - http://en.wikipedia.org/wiki/Black_Friday_Sale
From Wikipedia, the free encyclopedia

Black Friday, the day after Thanksgiving in the United States, is historically one of the busiest retail shopping days of the year. Many consider it the "official" beginning to the holiday season. Most retailers will open very early and usually provide massive discounts on their products.

Although Black Friday is typically the busiest shopping day of the year in terms of customer traffic, it is not typically the day with the highest sales volume. That is usually either Christmas Eve or the last Saturday before Christmas.

Origin

The first use of this term to describe the day after Thanksgiving is not exactly known. There are two popular theories as to its origin.

Accounting practice

One theory is that stores traditionally operated at a financial loss for most of the year (January through November) and made their profit during the holiday season. When this would be recorded in the financial records, common accounting practices use red ink to show negative amounts and black ink would show positive amounts. Black Friday is the beginning of the period where they would no longer have losses (the red) and instead take in the year's profits (the black).

Stress from large crowds

Another theory comes from the fact that shopping experience on this day can be extremely stressful. The term is used as a comparison to the extremely stressful and chaotic experience of Black Thursday or other black days. According to The Word Spy:

Earliest Citation:
Christmas decorations around Tampa Bay started going up in late October, and business has been brisk since then. And while Friday--known as Black Friday for the legendary hordes--will be the biggest shopping day for many area stores, others ring up the greatest sales the Saturday before Christmas.
—Marilyn Marks, "Retailers expect good sales this Christmas," St. Petersburg Times, November 27, 1986

There exists an earlier reference, speaking to the Friday after Thanksgiving:

A BLACK FRIDAY.
There have been many Black Fridays in recent history. Most of them have been days of financial panic. There has been none of blacker foreboding than last Friday. And the blackness is not loss or fear of loss in stocks and bonds.
New York Times (1857-Current file).
New York, N.Y.: Dec 3, 1922. pg. 38, 1 pgs
ISSN/ISBN 03624331

Employees of retail stores have for years referred to Black Friday in a satirical way, to note the extremely stressful and hectic nature of the day. Heavy traffic and customer demands added to the long hours make it a difficult day.


Black Friday on the Internet

Advertisements in advance

Certain websites such as DealTaker.com offer information about Black Friday deals up to a month in advance. The text listings of prices are usually accompanied by adscans -- complete PDFs either leaked by insiders, or intentionally released by large retailers to give consumers insight and allow them time to plan.

Cyber Monday

The term Cyber Monday refers to the Monday immediately following Black Friday, which unofficially marks the beginning of the holiday online shopping season.

In recent years, Cyber Monday has become a busy day for online retailers, with some sites offering low prices and other promotions on that day.

Controversy

Response (Buy Nothing Day)

Anti-consumer frenzy protesters have chosen this day as Buy Nothing Day in North America, where those concerned about the increasing power and influence of consumer corporations are urged to not make consumer purchases.

DMCA

In recent years, some retailers (including Wal-Mart, Target Corporation, Best Buy, and Staples, Inc.) have claimed that the advertisements they send in advance of Black Friday and the prices included in those advertisement are intellectual property and protected by the Digital Millennium Copyright Act (DMCA).

Using the take down provision of the DMCA, these retailers have threatened various internet web sites who post Black Friday prices to the internet in advance of the intended release date by the retailers. This policy apparently derives from a fear that competitors, in addition to customers, will also have access to this information and use it for competitive advantage. The actual validity of the claim that prices are protected intellectual property is uncertain as prices might be considered a 'fact' in which case they would not receive the same level of protection as pure intellectual property.

The benefit of threatening internet sites with a DMCA based lawsuit has proved tenuous at best. While some sites have complied with the requests, others have either ignored the threats or simply continued to post the information under the name of a similar sounding fictional retailer.

Answer 2

Black Friday is the friday after Thanksgiving when all Major stores open up as early as 5:00 am with huge sales that last 4 hours. Best shopping day ever.

Answer 3

The earliest uses of "Black Friday" refer to the heavy traffic on that day, an implicit comparison to the extremely stressful and chaotic experience of Black Tuesday (the 1929 stock-market crash) or other black days. The earliest known references to "Black Friday" (in this sense) are from two newspaper articles from November 29, 1975, that explicitly refer to the day's hectic nature and heavy traffic. The first reference is in an article entitled "Army vs. Navy: A Dimming Splendor," in The New York Times: Philadelphia police and bus drivers call it "Black Friday" - that day each year between Thanksgiving Day and the Army-Navy game. It is the busiest shopping and traffic day of the year in the Bicentennial City as the Christmas list is checked off and the Eastern college football season nears conclusion. The derivation is made even more explicit in an Associated Press article entitled "Folks on Buying Spree Despite Down Economy," which ran in the Titusville Herald on the same day: Store aisles were jammed. Escalators were nonstop people. It was the first day of the Christmas shopping season and despite the economy, folks here went on a buying spree. . . . . "That's why the bus drivers and cab drivers call today 'Black Friday,'" a sales manager at Gimbels said as she watched a traffic cop trying to control a crowd of jaywalkers. "They think in terms of headaches it gives them." Both articles have a Philadelphia dateline, suggesting the term may have originated in that area. Accounting practice Most contemporary uses of the term focus instead on the theory that retailers traditionally operated at a financial loss for most of the year (January through November) and made their profit during the holiday season. When this would be recorded in the financial records, once-common accounting practices would use red ink to show negative amounts and black ink to show positive amounts. Black Friday, under this theory, is the beginning of the period where retailers would no longer have losses (the red) and instead take in the year's profits (the black). (Retailers' profitability varies, but some retailers are indeed dependent on the holiday season for their profits.) This sense has been traced back to a November 26, 1982, broadcast of ABC News' World News Tonight, which said: Some merchants label the day after Thanksgiving Black Friday because business today can mean the difference between red ink and black on the ledgers. But this year hefty sales are vital not only to the stores but to the entire economy. Because the heavy traffic etymology is contemporaneous with the earliest known uses of the term, while the black ink theory apparently was not suggested until several years later, the accounting practice origin is unlikely to be correct.

Answer 4

Black Friday is the day after Thanksgiving. It's the busiest shopping day of the year, and it's thought to start the Holiday shopping season. They call it 'Black' Friday because for the retailers, it's a long and hectic day-- Nearly every store opens early, is busy, and closes late, which makes it a difficult working day.

Answer 5

Black Friday is the day after Thanksgiviing when people wake up like at 3:30 in the morning just to go out and shop and get stuff almost 100% off. My mom and and I go every year. this year we're gonna wake up 3:00 AM just to get to the stores a bit early.

You should go out and shop on Black friday.

Answer 6

Black Friday is the for retail business. Basically it's the day after Thanksgiving when they have all major sales which the profits on that day are supposed to make up for all the profits lost during the year.This basically its supposed to be the most profitable time of the your for retail stores and the beginning of the holiday shopping sprees. Sheer store maddness and kaos, so have your boxing gloves ready when you go shopping that day!

Answer 7

THis is the Friday after Thanksgiving......it kicks off the Christmas shopping season and is considered the biggest shopping day of the year....every store has specials and are open late.

Answer 8

black Friday is the day after Thanksgiving where all of the stores have huge sales to promote the holiday shopping season.

Answer 9

It's one of the biggest shopping days of the year.
Stores run really big sales and open early.
It takes place the day after thanksgiving and basicly kicks off the start of the christmas shopping seaon.

Answer 10

it is the one day of the year to avoid every mall in america....every crazy person will be out shopping...some lining up early in the morning for pre-conceived (some legit / some not ) bargains. i personally will stay clear as the crowds are insane.