Tuesday, August 26, 2008

Black Friday shopping History and Deals

Black Friday is the Friday after Thanksgiving in the United States, where it is the beginning of the traditional Christmas shopping season.

In the late 19th century and early 20th century, many Santa parades, Thanksgiving day parades were sponsored by department stores. These include the Toronto Santa Claus Parade sponsored by Eaton's and the Macy's Thanksgiving Day Parade sponsored by Macy's. Department stores would use the parades to launch a big advertising push. Eventually it just became an unwritten rule that no store would try doing Christmas advertising before the parade was over. Therefore, the day after Thanksgiving became the day when the shopping season officially started.


Many merchants objected to the use of a negative term to refer to one of the most important shopping days in the year. By the early 1980s, an alternative theory began to be circulated: that retailers traditionally operated at a financial loss for most of the year (January through November) and made their profit during the holiday season, beginning on the day after Thanksgiving. 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).

No comments: