2006-11-23 10:15:29 · 6 answers · asked by sweetre2 3 in Society & Culture ➔ Holidays ➔ Other - Holidays
In the USA if a business is in the black, it is doing extremely well.If it's in the red, it's losing money. Thanksgiving always occurs on a Thursday and the next day is when the shopping for Christmas is done. Millions of dollars are made on that one day;more than any day in the year. Since businesses do well on this day, it was dubbed Black Friday. Have a nice Thanksgiving.
2006-11-23 10:20:01 · answer #1 · answered by firestarter 6 · 0⤊ 0⤋
Retailers make most of the year's money during the holidays. The day after Thanksgiving is the kick-off day of the holiday shopping season. The idea is it takes them out of the red (negative profits) and into the black (positive profits).
2006-11-23 18:18:49 · answer #2 · answered by stklotto 4 · 0⤊ 0⤋
Thats When Everyone Starts There Christmas Shopping
2006-11-23 18:18:55 · answer #3 · answered by mks 7-15-02 6 · 0⤊ 0⤋
Black versus Red. Black being in the money, Red being out of the money. Black for more financial gains and red for the opposite.
2006-11-23 18:17:21 · answer #4 · answered by me_worry? 4 · 0⤊ 0⤋
Because on that day, they sell so much merchandise that their sales figures move into the black (which means they are making more than they are spending).
It isn't a black-white thing, if that's what you were thinking.
2006-11-23 18:20:00 · answer #5 · answered by Wocka wocka 6 · 0⤊ 0⤋
black means profits....red means losses.
2006-11-23 18:17:14 · answer #6 · answered by Anonymous · 0⤊ 0⤋