When you think of Black Friday you probably think about all the great sales that retailers put on to kick off the holiday shopping season right? Yes, that is what we as consumers see every year the day after Thanksgiving. The retailers drop their prices to the point that they may not even make a profit on some of the items in hopes of drawing in those big crowds.
Black Friday is one of the best days of the year to get great deals on Christmas gifts, but did you know that it wasn’t always known as Black Friday? In 1924, when the modern Macy’s Thanksgiving Day Parade started, the day after Thanksgiving became recognized as the unofficial start to the holiday shopping season. It wasn’t until the 1960’s that the day after Thanksgiving became known as Black Friday. Back then, accounting records were still kept by hand and on this day retailers moved from the “red” to the “black” indicating that they have turned a profit for the year.
Since then the day has become very popular among both retailers and consumers, with retailers releasing Black Friday sales early giving shoppers a chance to plan out their purchases. Every year the sales get better and the crowds get bigger, but over the last few years many shoppers have opted out of the big crowds and have started shopping online, saving themselves the time of running from one store to another.