As we all know this weekend was Black friday, where there were phenomenal sales. Malls opened extra early just for these sales. Many of us go black friday shopping but have little knowledge on why there is even a black friday every year. Now black friday follows thanksgiving in America. Back in the days on September 24, 1869, markets crashed following a failed attempt by some finanicers to corner the gold market. This crash had led to a depression. Black friday refers to any friday in which a public calamity occured. More recently, the term Black Friday has been applied to the day after Thanksgiving in which retailers make enough sales to put themselves into the black ink. Black friday is traditionally the beginning of Christmas shopping season. On this day major retail stores open extremely early and offer promotional sales to kick off holiday shopping. Going black friday shopping would benefit you because you can get many items cheaper than they normally would be. During sale times it is better to go early to malls and stores because it may be crowded and the faster you get there the more you could buy without it being sold out.
Sunday, 25 November 2012
The significance of black friday
As we all know this weekend was Black friday, where there were phenomenal sales. Malls opened extra early just for these sales. Many of us go black friday shopping but have little knowledge on why there is even a black friday every year. Now black friday follows thanksgiving in America. Back in the days on September 24, 1869, markets crashed following a failed attempt by some finanicers to corner the gold market. This crash had led to a depression. Black friday refers to any friday in which a public calamity occured. More recently, the term Black Friday has been applied to the day after Thanksgiving in which retailers make enough sales to put themselves into the black ink. Black friday is traditionally the beginning of Christmas shopping season. On this day major retail stores open extremely early and offer promotional sales to kick off holiday shopping. Going black friday shopping would benefit you because you can get many items cheaper than they normally would be. During sale times it is better to go early to malls and stores because it may be crowded and the faster you get there the more you could buy without it being sold out.
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Wow, I didn't know that's where the term Black Friday originated from.. lol I wonder where the term Boxing Day originated from too then..
ReplyDeleteI think people do tend to forget the actual meaning of black friday seeming as they focus more on the shopping part lol, but like Tasha said, i didnt know that it originated from there :\ aha
ReplyDeleteI never knew Black Friday actually had some significant and historic meaning to it. But nonetheless, Black Friday is the day to go shopping and pick up some nice clothes and shoes for a very cheap price.
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