Just a wondering - my wife is going with the daughters - I do not enjoying the cold, lines, and believe that markets will have further discounts on Monday........
2007-11-23 00:04:19 · 18 answers · asked by Henry H 6 in Society & Culture ➔ Cultures & Groups ➔ Other - Cultures & Groups
The term Black Friday was first used to describe Sept. 24, 1869, when several financiers had tried to corner the gold market and the market crashed, and a depression ensued. Another panic in the financial markets in 1873 also began on a Friday.
The Great Depression was precipitated by the Oct. 29, 1929 start of the stock market collapse. But that was Black Tuesday. Another bad day for the stock market—Oct. 19, 1987—was called Black Monday.
The term is now applied to the big shopping day after Thanksgiving. You might think it describes the bleak scene of hoards of shoppers trampling each other to snag the last DVD player on the shelf. But actually it's because it is when retailers' balance sheets supposedly move out of the red (red ink was used by accountants of old to indicated losses) and into the black (the color of ink you want to see if you have a really high-paying job as a CEO). The other way of putting it: If the annual shopping Black Friday does not go well, then the whole year, at least from an individual company's perspective, can turn out a lot like the other Black day in history.
I sure hope this will help you out. Did you have a nice Thanksgiving?
Wish you a Awesome weekend………
2007-11-23 05:07:45 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Hey Friend! I'm going to give this a little different spin based on history. :)
The term Black Friday was actually first used to describe Sept. 24, 1869, when the market crashed and a depression ensued. Another panic in the financial markets in 1873 also began on a Friday!
Now the term is referred to moving out of the 'red' and into the 'black' on the balance sheets.
2007-11-23 01:59:36 · answer #2 · answered by Belize Missionary 6 · 0⤊ 0⤋
Definition: What is Black Friday?
The day after Thanksgiving in the United States, is frequently referred to as Black Friday.
General Use: One of the major U.S. holiday shopping days. The day many U.S. consumers begin Christmas shopping. The day is heavily promoted by retailers.
Origin: The origin of Black Friday comes from the shift to profitability during the holiday season. Black Friday was when retailers went from being unprofitable, or "in the red," to being profitable, or "in the black", at a time when accounting records were kept by hand and red indicated loss and black profit.
Also Known As: The day after Thanksgiving.
2007-11-23 00:07:34 · answer #3 · answered by sexiipn4i_ashley 1 · 0⤊ 1⤋
Black Friday, as the first shopping day after Thanksgiving, has served as the unofficial beginning of the Christmas season at least since the start of the modern Macy's Thanksgiving Day Parade in 1924, the term "Black Friday" has been traced back only to the 1970s. "Black Friday" was originally so named because of the heavy traffic on that day, although most contemporary uses of the term refer instead to it as the beginning of the period in which retailers are in the black (i.e., turning a profit).
2007-11-23 00:07:45 · answer #4 · answered by Anonymous · 0⤊ 1⤋
Black Friday is the day after Thanksgiving even as there are countless sales and human beings are doing countless procuring for Christmas. in certain situations clients get in fights with one yet another, etc. I surely have fantastically a lot laways managed to avert Black Friday. it truly is a group of hype to get you to spend a annoying day spending all of you money. Who desires that?
2016-10-24 23:00:52 · answer #5 · answered by cuccia 4 · 0⤊ 0⤋
I always thought because all these people are standing around in the dark before dawn in line.. some stand for days .. but most just stand in line from dark until the stores open at 4am!! My son works retail and just called to say the line is around the block at Circuit City and I am sure Mervyn's, Penny's and whatever else opens that early was the same. Starbucks opened at 3am here!!
These are the same people that say its too early in the morning to get up for Church. LOL
2007-11-23 00:07:14 · answer #6 · answered by Tapestry6 7 · 1⤊ 0⤋
Because "In the Black" means that stores are making money. The Friday after Thanksgiving is supposed to put them over the top in sales.
Originally it was named "Black Friday" because of traffic being so bad on that day.
2007-11-23 01:41:58 · answer #7 · answered by pipi08_2000 7 · 0⤊ 0⤋
Because many retailers have such poor business models that they remain "in the red" all year until the sales on the day after Thanksgiving begin! And from then through Christmas is when thei make all their "real" profits...
Astounding!
2007-11-23 00:07:44 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Retailers call it Black Friday because they hope to go from being "in the red" to being "in the black" meaning they have regained their costs with all the money they will make today.
2007-11-23 00:07:06 · answer #9 · answered by tabulator32 6 · 0⤊ 0⤋
it should be called black friday because of the many people who are in a black mood, gosh it was awful out today., anyway its that the stores will be in the black after all the sales for the day
2007-11-23 09:45:44 · answer #10 · answered by Debbie L 4 · 0⤊ 0⤋