The “Black Friday” celebrates globally but it originated in Philadelphia, dating back to at least 1961. Black Friday is celebrated on the day after Thanksgiving where shop owners give steep discounts on their products. It is the perfect occasion to shop and has now become a tradition globally. Black Friday is celebrated a day after Thanksgiving which is the fourth Friday of November.
In the 1960’s, police in Philadelphia clenched about the dense streets, blocked with automobilists and pedestrians, calling it “Black Friday”. In a non-retail sense, it also describes a financial crisis of 1869: a stock market disaster set off by gold observer who tried and failed to corner the gold market, causing the market to collapse and stocks drop immediately.
Black Friday is the time to do some serious Christmas shopping – While it’s not recognized as an official holiday, many employees have the day off, except those working in retail. Black Friday is a long “day,” with many retailers traditionally opening up the afternoon of Thanksgiving to crowd of people waiting eagerly outside the windows. For those who don’t want to line up outside of stores, online Black Friday sales generally kick off at the same time, or even a bit earlier than in-store sales. Online and in store, shoppers can expect to find number of special offer – prices so low the store may not make a profit – to attract shoppers.
Mostly large retailers post their Black Friday Deals, coupons and offers online beforehand to give consumers time to find out about sales and plan their purchases. Other companies take a different approach, waiting until the last possible moment to release their Black Friday ads, hoping to create a buzz and keep customers eagerly checking back for an announcement.