What is Black Friday?
Black Friday is the fourth Friday in November after Thanksgiving. It marks officially or unofficially the start of the Christmas shopping season.
It is characterized by largely discounted sales, early-bird specials, and shoppers in their numbers milling into their favorite stores.
It was one time a one-day event but now extends for a couple of weeks. Some stores kick off their Black Friday Sales online before the Friday after Thanksgiving. Some even go back as far as the Monday on the week of the Black Friday. Cyber Monday, on the other hand, is an official kick-off sales day for E-commerce.
Why is it called Black Friday?
Before it was called Black Friday, it was called "Day after Thanksgiving Sale day" or some deviation of it.
The earliest record, however, of the use of the term Black Friday was about a financial crisis that involved the crash of the gold market on Friday 24, September 1896. Two wall street financiers bought as much gold as they could from their nation in hopes to drive the prices of gold rocket high and make great profits. Their plan was discovered before they could put it into its use in Philadelphia about the day after Thanksgiving, which was usually packed up with traffic jams.
Fast-forward twenty years later, and the phrase became more wise spread with the most widely accepted definition as "Black Friday," representing a point in the year when retailers begin to turn in a profit as holiday shoppers after Thanksgiving spent so much on discounted items on sale. Retailers recorded their losses in red and their gains in black. The modern accounting software carried this tradition on, and so the term continued.
Who invented Black Friday?
Black Friday wasn't coined by one specific person. The phrase became popular after it was introduced into the internet. Black Friday and Cyber Monday are referred to as internet terms.
When is Black Friday and Cyber Monday?
Black Friday date changes each year. This year, 2019, Black Friday is going to be held on the 29th of November, 2019, and Cyber Monday would follow accordingly on the 2nd of December, 2019 -the Monday after Thanksgiving.
How long does Black Friday and Cyber Monday last?
Sadly, officially just one day, which is on the Black Friday day itself and Cyber Monday. There's good news too, most stores and E-commerce stores carry on their Black Friday sales through for weeks.
What time does Black Friday start?
Offline, there is a record of a store opening their doors for Black Friday by midnight of Friday. This trend isn't new as many stores also push the start of their Black Friday sales as far back Thursday or a day in the week of Black Friday. Kmart in 2009 opened its doors for the start of their Black Friday sale on Thanksgiving Thursday by 7:00 am. Some retail and media sources have used the term "Black Thursday," "Brown Thursday" or "Grey Thursday" to refer to this day. Most stores, however, kick off their Black Friday sales when they officially open.
Online stores may kick off their Black Friday sales several days before Black Friday.
When does Black Friday end?
All Black Friday sales end on Christmas eve, 24th December.