2007-11-23 05:47:32 · 11 answers · asked by Anonymous in Entertainment & Music ➔ Polls & Surveys
the REAL answer is that many stores make their first profit of the year after thanskgiving......up to now the stores have lost money all year
losing money is operating int the RED and making money is operating in the BLACK
2007-11-23 05:52:40 · answer #1 · answered by Anonymous · 1⤊ 0⤋
It's the biggest shopping day of the year... so the malls are MEGA crowded, making it a very sad day for everyone who goes to the mall trying to find parking, waiting in lines, etc. It's also a large indicator for our economy and retailer's and bank's pocketbooks... if Black Friday goes well, retailers and banks and credit card companies are making money, meaning thy will have a holiday season that's be profitable enough to put them back in the "black" accounting-wise and it means the economy is strong. If it goes poorly, the holiday season won't be very profitable and the economy is suffering.
2007-11-23 13:53:20 · answer #2 · answered by ? 5 · 1⤊ 0⤋
Because traditionally this is the day that the retailers go "in the black" on the books, meaning they're finally turning a profit for the year.
2007-11-23 13:56:21 · answer #3 · answered by Anonymous · 1⤊ 0⤋
Because that is the day when retailers hope to start the Christmas shopping season in the black.That comes from the fact that black ink represents profit, and red ink represents loss, in book keeping.
2007-11-23 13:54:11 · answer #4 · answered by bigjones37 3 · 1⤊ 0⤋
Because when the stores make a bunch of money on that day they get there accounting books out of the red and into the black.
2007-11-23 13:50:55 · answer #5 · answered by Anonymous · 1⤊ 0⤋
because that is the first day of the year that retail outlets go into the 'black' ie have covered the year's expenses and start to actually make a profit.
in accounting terms, red means debt, black means out of debt or the number is a positive.
businesses traditionally have 'gone black' on that day.
2007-11-23 13:50:52 · answer #6 · answered by Sufi 7 · 3⤊ 0⤋
It's the traditional start of the shopping season, bringing the stores into the black (accounting-wise) - hence the name Black Friday.
2007-11-23 13:50:22 · answer #7 · answered by Anonymous · 3⤊ 1⤋
accouting terms...being in the black shows a profit, being in the red shows a deficit. Today, a lot of stores will see their profits soar.
2007-11-23 13:52:15 · answer #8 · answered by Kiss my Shaz 5 · 2⤊ 0⤋
because the stores make most of there pre holiday season sales today, big bargains*
2007-11-23 13:55:40 · answer #9 · answered by Penny Mae 7 · 1⤊ 0⤋
because everybody shops
2007-11-23 13:50:13 · answer #10 · answered by Clumsical 6 · 1⤊ 0⤋