Black Friday 2023 is on Tuesday, November 28, 2023: Black Friday?
Tuesday, November 28, 2023 is Black Friday 2023. Black Friday may refer to:
Black Friday may refer to:
Black Friday is the Friday following Thanksgiving Day in the United States (the fourth Thursday of November), often regarded as the beginning of the Christmas shopping season.
Black Friday: Any Friday on which a public disaster has occurred, as: In England, December 6, 1745, when the news of the landing of the Pretender reached London, or May 11, 1866, when a financial panic commenced. In the United States, September 24, 1869, and September 18, 1873, on which financial panics began.
~ Definition by Webster 1913
The Friday after Thanksgiving is referred to as Black Friday in the U.S. retail industry. Many retailers will operate at a loss ("in the red") for most of the calendar year, hoping to first cover all their losses and then run up profits during the Christmas shopping season, which traditionally starts on the day after Thanksgiving and runs to December 24. With the massive numbers of shoppers on that Friday, retailers hope that they can erase the year's losses ("red ink") in that one day, virtually guaranteeing that their balance sheet will wind up positive ("in the black") for the year.
So though the name might sound ominous (especially side by side with such events as Black Monday), Black Friday is actually a positive event in the U.S. retail world.
BLACK FRIDAY (SHOPPING) -
From Wikipedia, the free encyclopedia
Black Friday, the day after Thanksgiving in the United States, is historically one of the busiest retail shopping days of the year. Many consider it the "official" beginning to the holiday season. Most retailers will open very early and usually provide massive discounts on their products.
Although Black Friday is typically the busiest shopping day of the year in terms of customer traffic, it is not typically the day with the highest sales volume. That is usually either Christmas Eve or the last Saturday before Christmas.
The first use of this term to describe the day after Thanksgiving is not exactly known. There are two popular theories as to its origin.
One theory is that stores traditionally operated at a financial loss for most of the year (January through November) and made their profit during the holiday season. When this would be recorded in the financial records, common accounting practices use red ink to show negative amounts and black ink would show positive amounts. Black Friday is the beginning of the period where they would no longer have losses (the red) and instead take in the year's profits (the black).
Stress from large crowds
Another theory comes from the fact that shopping experience on this day can be extremely stressful. The term is used as a comparison to the extremely stressful and chaotic experience of Black Thursday or other black days. According to The Word Spy:
Christmas decorations around Tampa Bay started going up in late October, and business has been brisk since then. And while Friday--known as Black Friday for the legendary hordes--will be the biggest shopping day for many area stores, others ring up the greatest sales the Saturday before Christmas.
—Marilyn Marks, "Retailers expect good sales this Christmas," St. Petersburg Times, November 27, 1986
There exists an earlier reference, speaking to the Friday after Thanksgiving:
A BLACK FRIDAY.
There have been many Black Fridays in recent history. Most of them have been days of financial panic. There has been none of blacker foreboding than last Friday. And the blackness is not loss or fear of loss in stocks and bonds.
New York Times (1857-Current file).
New York, N.Y.: Dec 3, 1922. pg. 38, 1 pgs
Employees of retail stores have for years referred to Black Friday in a satirical way, to note the extremely stressful and hectic nature of the day. Heavy traffic and customer demands added to the long hours make it a difficult day.
Black Friday on the Internet
Advertisements in advance
Certain websites such as DealTaker.com offer information about Black Friday deals up to a month in advance. The text listings of prices are usually accompanied by adscans -- complete PDFs either leaked by insiders, or intentionally released by large retailers to give consumers insight and allow them time to plan.
The term Cyber Monday refers to the Monday immediately following Black Friday, which unofficially marks the beginning of the holiday online shopping season.
In recent years, Cyber Monday has become a busy day for online retailers, with some sites offering low prices and other promotions on that day.
Response (Buy Nothing Day)
Anti-consumer frenzy protesters have chosen this day as Buy Nothing Day in North America, where those concerned about the increasing power and influence of consumer corporations are urged to not make consumer purchases.
In recent years, some retailers (including Wal-Mart, Target Corporation, Best Buy, and Staples, Inc.) have claimed that the advertisements they send in advance of Black Friday and the prices included in those advertisement are intellectual property and protected by the Digital Millennium Copyright Act (DMCA).
Using the take down provision of the DMCA, these retailers have threatened various internet web sites who post Black Friday prices to the internet in advance of the intended release date by the retailers. This policy apparently derives from a fear that competitors, in addition to customers, will also have access to this information and use it for competitive advantage. The actual validity of the claim that prices are protected intellectual property is uncertain as prices might be considered a 'fact' in which case they would not receive the same level of protection as pure intellectual property.
The benefit of threatening internet sites with a DMCA based lawsuit has proved tenuous at best. While some sites have complied with the requests, others have either ignored the threats or simply continued to post the information under the name of a similar sounding fictional retailer.
Black Friday, the day after Thanksgiving in the United States, marks the beginning of the traditional Christmas shopping season, although retailers often decorate for the Christmas season weeks before-hand. Many retailers open very early (typically 5 A.M.) and offer doorbuster deals to draw people to their stores. Although Black Friday has served as the unofficial beginning of the Christmas season for decades, the term has been traced back only to the 1970s and did not achieve widespread popularity until about 2002.
Black Friday is frequently but erroneously referred to in the media as the busiest retail shopping day of the year. While it has been the busiest day in terms of customer traffic, in terms of actual sales volume Black Friday is usually the fifth to tenth busiest day. The busiest retail shopping day of the year in the United States (in terms of sales) is invariably in the week before Christmas, usually the Saturday before Christmas.
No racism here.