Black Friday: Why is Big Discount Day called “black”?



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The institution of the so-called “Black Friday” or “Black Friday” has become a surprise abroad, but now in Greece.

It is essentially the last Friday in November that each year consumers have the opportunity to enjoy shopping for heavily discounted products and promotions.

The institution of the so-called “Black Friday” or “Black Friday” has become a surprise abroad and is coming to Greece.

It is essentially the last Friday in November that each year consumers have the opportunity to enjoy shopping for heavily discounted products and promotions.

The history of “Black Friday”

For millions of people, Black Friday is the perfect day to make the most of their holiday shopping. Black Friday is the Friday following the American Thanksgiving holiday and generally takes place between November 23 and November 29.

Although it is not recognized as a holiday, many American employees have a break every Black Friday, except of course the merchants who wait for that day to promote their products.

How did the name come up?

In the early 1960s, spreadsheets and receipts were, of course, handwritten, and stores had two colors of ink to record the data, according to history.com.

The days with a negative sales balance were written in red and the days with a positive report were written in black.

Thus the last Friday of November was established as the first day of sales of the Christmas season, with a notable increase in turnover, hence the name Black Friday.

At the same time, the term “Black Friday” was used in the 1960s by Philadelphia police officers who complained of road congestion from both motorists and pedestrians.

In the 19th century, the term was used for a major financial crisis, where in 1869 New York investors lost huge sums of money in the stock market.

However, in the late 1980s, retailers gave the term a positive connotation, and since then, Black Friday has marked the Friday after Thanksgiving, a day that American stores look forward to all year long. due to the large profits.

Why did you gain such fame?

When marketers began to realize that they could attract a large number of customers with extremely low prices, Black Friday was established as the most ideal day during which more sales are achieved than the holiday season. Some merchants even promote their products to their customers via email from Thanksgiving morning.

The products that are most in demand on Black Friday are usually electronic devices and games, since they have the biggest discounts. However, prices are extremely low on almost all products, from bedding and home furnishings to clothing and footwear.

Every Black Friday, retailers open their stores starting at five in the morning or even earlier as queues of people wait anxiously outside the store doors.

In fact, there have been more and more frequent incidents of consumer violence on Black Friday. In particular, so far the number of injured has reached 98, while their deaths are 7 in the United States.

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