Black Friday, also known as. Why Is It Called Black Friday?, also known as. According to the National Retail Federation, 77 million people shop in brick-and mortar stores on Black Friday history is more good. The holiday weekend saw 174 million Americans shop online and in stores, more than half of the U.S. population!
These nine facts will help you brush up on your home depot black friday experience before you head to the mall. These facts will give you something to talk about while you search for a spot in the parking lot.
1. Black Friday Was Originally Associated With A Stock Market Crash.
According to the New York Times, two men in finance attempted to conspire against gold markets to make a profit. Their scheme was foiled and the market crashed on September 24, 1869. This became known as Black Friday.
2. Black Friday, As We Know It, Began In The 1950s.
This is all because of Philadelphia police. According to History.com , tourists used to flood into Philadelphia for the annual Army-Navy Football game. Due to the large-scale crowds, shoplifting became more dangerous. The cops named the chaotic day deal for black friday.
The term was not used in the rest of the country until the 1980s. This was when retailers realized the potential and decided to capitalize according to History.com. It was often the time of year when they could actually turn a profit.
3. The Average American Spends Some Each Thanksgiving Weekend.
According to the NRF , 75% ($250)of this money goes towards gifts. According to Adobe, Black Friday 2017 saw consumers spend $5 billion. This number keeps rising each year. Except for 2008-2009, holiday sales have continued their upward trend.
4. Black Friday Is The Best Day To Purchase A Tv.
Adobe also found that Black Friday is the best time to save money on televisions, tablets, and jewellery. Cyber Monday is the best day to shop for toys.
5. Black Friday, In Addition To The Long Hours Of Retail Workers Is Also A Busy Day For Plumbers.
Roto rooter reports they get the most calls for Black Friday, particularly for kitchen sinks and garbage disposals. It’s pretty gross, but it’s what happens when so many people eat in one day.
6. The 2011 Walmart Pepper Spraying Incident Caused Conditions To Plummet.
After people attacked her children, she sprayed them with water. According to ABC. She considered filing a lawsuit against Walmart because they didn’t have enough security. This isn’t the first time Black Friday shopping has gone berserk.
7. Some Stores Are Starting To Boycott Black Friday.
Some retailers open their doors earlier than others, but REI, an outdoor recreation store, has been closed every Black Friday since 2003 as part of its #OptOutside campaign. It encourages employees to spend time outdoors with their families and friends, rather than shopping or working.
Origins of Black Friday
According to some reports, the phrase “black friday coupons” was first used in Pennsylvania in the 1960s. This was due to large crowds that day.
David Zyla, author of How to Win at Shopping,the Philadelphia Police Department used this phrase to describe “traffic jams and intense crowding in downtown retail stores,” according to the HuffPost report from 2020.
Zyla stated that one of the earliest uses of the term in print was in an ad in the 1966 issue of, a magazine for stamp collectors.
An archived excerpt of the ad was found in a thread on The Linguist List. It stated that Black Friday was the name given by the Philadelphia Police to the Friday after Thanksgiving Day.
It is not a term they use to endear themselves with. “cyber monday deals black friday” officially opens the Christmas shopping season in the central city. It usually causes massive traffic jams and crowds on the sidewalks, as downtown stores are crowded from opening to close,” the archived excerpt said.
Many retailers were not happy with the negative connotation of Black Friday history. The phrase also dates back to September 24, 1869 in America, when gold prices dropped and caused panic in the securities markets.
According to Public Relations News (an industry newsletter), public relations professionals tried to make it positive as early as 1961.
It read: “Hardly stimulating good business, the merchants discussed the issue with Abe S. Rosen (a seasoned municipal PR executive)
According to the newsletter, “He suggested adopting a positive approach that would convert Black Friday & Black Saturday into Big Friday & Big Saturday.”
Although the name “Big Friday” history wasn’t a popular term, shoppers started to associate the day with increased discounts, according to HuffPost.
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Since the inception of “Black Friday” history, the idea of linking retail sales to Friday after Thanksgiving has existed for a longer time than “Black Friday”.
A 2013 HuffPost article states that President Franklin Delano Roosevelt moved the date for Thanksgiving to the penultimate day of November 1939 after being pressured by the Retail Dry Goods Association.
Retailers expressed concern that the shorter holiday shopping season might negatively impact sales. Thanksgiving fell on November 30, 1939.
Many retailers and customers ignored this new date, instead calling it Franks giving. Congress passed in 1941 a law stating that Thanksgiving would be observed every fourth Thursday of each month.