Monday, November 29, 2021
Home Business How Black Friday got its name.

How Black Friday got its name.


The term “Black Friday” has for years been synonymous with mayhem at stores, and its origin story has roots in turbulence.

Black Friday began in Philadelphia in the 1960s. Tourists would descend on the city on the day between Thanksgiving and the annual Army-Navy football game held on Saturday. Historians say the Philadelphia police took to calling the day Black Friday because officers had to work long hours and deal with terrible traffic, bad weather and other crowd-related miseries.

Local retailers wanted to draw in shoppers that day. But they disliked the term because of the connotation of the word “black” in front of a day of the week, which historically has been used to mark unpleasant events. One was Black Tuesday, the day of the stock market crash of 1929, and another, Black Monday, the day in 1987 when the market lost more, on a percentage basis, than on any day in 1929.

Retailers tried to rebrand the holiday “Big Friday” but were unsuccessful. Businesses later reclaimed the name Black Friday, saying that the day was when stores’ books went from red ink to black.

Retailers have tried more recently to spread the shopping frenzy across multiple days after a succession of injuries and even deaths as shoppers surged into stores in a blind rush for the day’s bargains. And because the holiday shopping season has become so important to retailers’ bottom lines, there is now Cyber Monday, the Monday after Thanksgiving that is being marketed as a day for online shopping, and Small Business Saturday, which encourages people to shop at local businesses.

This year, the season started long before Thanksgiving because of ongoing supply chain disruptions that rose out of the Covid-19 pandemic. Toys and electronics may not arrive in time for the holidays because of manufacturing and shipping delays. Many Americans have decided to start their holiday shopping ahead of Thanksgiving. The White House’s supply chain task force has been working with private companies to try to speed the flow of goods.

Gillian Friedman contributed reporting.



Source link

RELATED ARTICLES

No proposal to recognise Bitcoin as a currency, FM Nirmala Sitharaman says in a reply to Lok Sabha

New Delhi: The government has no proposal to recognise Bitcoin as a currency in the country, Finance Minister Nirmala Sitharaman said in a...

star health: IPO boom: All you need to know about Star Health and Tega Industries IPOs – Times of India

Two companies Star Health and Allied Insurance Company and Tega Industries will float their initial public offerings (IPOs) this week to collectively raise...

Sensex drops 585 points to 56,521 in early trade, Nifty sheds 191 points too 16,835

Key stock indices Sensex and Nifty declined by more than 1 per cent in the early trade on Monday due to deep losses...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -stock market course

Most Popular

‘Antim: The Final Truth’ box-office Day 3: The Salman Khan and Aayush Sharma starrer rakes in Rs 18 crore over the weekend – Times...

Amidst a lot of hoo-ha, ‘Antim: The Final Truth’ hit the theatres on November 26 and since then it has set the cash...

Omicron Covid variant: Curbs from Japan to Spain wreak havoc on air travel

Airlines, passengers and businesses had to respond to a deluge of travel restrictions introduced to slow the spread of the Omicron coronavirus variant. An...

Watch: Punjab Chief Minister Takes Children On Chopper Ride

<!-- -->Punjab Chief Minister Charanjit Singh Channi flies in a helicopter with childrenChandigarh: A group of children happily climb on board a waiting...

Omicron could fuel surges with ‘severe consequences,’ says WHO

The World Health Organization is calling on member states to start testing widely for the new omicron variant, saying its divergent design could...

Recent Comments

%d bloggers like this: