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The news media have long described the day after Thanksgiving as the busiest shopping day of the year. In earlier years, this was not actually the case. In the period from 1993 through 2001, for example, Black Friday ranked from fifth to tenth on the list of busiest shopping days, with the Saturday before Christmas usually taking first place. In 2003, however, Black Friday actually was the busiest shopping day of the year, and it has retained that position every year since except 2004, when it ranked second.Black Friday is popular as a shopping day for a combination of several reasons. As the first day after the last major holiday before Christmas it inaugurates the Christmas season. Additionally, many employers give their employees the day off as part of Thanksgiving leave, increasing the potential number of shoppers. In order to take advantage of this, virtually all retailers in the country, big and small, offer various sales. Recent years have seen retailers extend beyond normal hours in order to maintain an edge, or to simply keep up with competition. Such hours may include opening as early as 12:00 a.m. or remaining open overnight on Thanksgiving Day and beginning sales prices at midnight. In 2010, Toys 'R' Us began their Black Friday sales at 10:00 p.m. on Thanksgiving Day and further upped the ante by offering free boxes of Crayola crayons and coloring books for as long as supplies lasted. Other retailers, like Sears, Aéropostale, and Kmart, began Black Friday sales early Thanksgiving morning, and ran them through as late as 11:00 p.m. Friday evening. Forever 21 went in the opposite direction, opening at normal hours on Friday, and running late sales until 2:00 a.m. Saturday morning.Historically, it was common for Black Friday sales to extend throughout the following weekend. However, this practice has largely disappeared in recent years, perhaps because of an effort by retailers to create a greater sense of urgency.The huge population centers around Lake Ontario in Canada have always attracted cross border shopping into the U.S. states, and as Black Friday became more popular in the U.S. after 2001, many were traveling for the deals across the border. In 2009 several major Canadian retailers had their own version of the day by running promotions to discourage shoppers from leaving for the U.S.Canada's Boxing Day is comparable to Black Friday in terms of retailer impact and consumerism, but Black Fridays in the U.S. seem to provide deeper or more extreme price cuts than Canadian retailers, even for the same international retailer.More recently, Black Friday has been exported to nations outside of North America such as Australia and the United Kingdom by major online retailers like Amazon or Apple.In 2011, IBM reported online Black Friday sales were up 24.3% according to a study that included 500 retailers.
But where did the name ' Black friday'come from?
Black Friday as a term has been used in multiple contexts, going back to the nineteenth century, where it was associated with a financial crisis in 1869 in the United States. The earliest known reference to "Black Friday" to refer to the day after Thanksgiving was made in a 1966 publication on the day's significance in Philadelphia:JANUARY 1966 -- "Black Friday" is the name which the Philadelphia Police Department has given to the Friday following Thanksgiving Day. It is not a term of endearment to them. "Black Friday" officially opens the Christmas shopping season in center city, and it usually brings massive traffic jams and over-crowded sidewalks as the downtown stores are mobbed from opening to closing.The term Black Friday began to get wider exposure around 1975, as shown by two newspaper articles from November 29, 1975, both datelined Philadelphia. The first reference is in an article entitled "Army vs. Navy: A Dimming Splendor," in The New York Times:Philadelphia police and bus drivers call it "Black Friday" - that day each year between Thanksgiving Day and the Army-Navy Game. It is the busiest shopping and traffic day of the year in the Bicentennial City as the Christmas list is checked off and the Eastern college football season nears conclusion.The derivation is also clear in an Associated Press article entitled "Folks on Buying Spree Despite Down Economy," which ran in the Titusville Herald on the same day:Store aisles were jammed. Escalators were nonstop people. It was the first day of the Christmas shopping season and despite the economy, folks here went on a buying spree. ... "That's why the bus drivers and cab drivers call today 'Black Friday,'" a sales manager at Gimbels said as she watched a traffic cop trying to control a crowd of jaywalkers. "They think in terms of headaches it gives them."The term's spread was gradual, however, and in 1985 the Philadelphia Inquirer reported that retailers in Cincinnati and Los Angeles were still unaware of the term
[[ B]] And let's look at it from te historical side, shall we?
That the day after Thanksgiving is the "official" start of the holiday shopping season may be linked together with the idea of Santa Claus parades. Parades celebrating Thanksgiving often include an appearance by Santa at the end of the parade, with the idea that 'Santa has arrived' or 'Santa is just around the corner'.In the late 19th century and early 20th century, many Santa parades or Thanksgiving Day parades were sponsored by department stores. These include the Toronto Santa Claus Parade, in Canada, sponsored by Eaton's, and the Macy's Thanksgiving Day Parade sponsored by Macy's. Department stores would use the parades to launch a big advertising push. Eventually it just became an unwritten rule that no store would try doing Christmas advertising before the parade was over. Therefore, the day after Thanksgiving became the day when the shopping season officially started.Later on, the fact that this marked the official start of the shopping season led to controversy. In 1939, retail shops would have liked to have a longer shopping season, but no store wanted to break with tradition and be the one to start advertising before Thanksgiving. President Franklin D. Roosevelt moved the date for Thanksgiving one week earlier, leading to much anger by the public who wound up having to change holiday plans. Some even refused the change, resulting in the U.S. citizens celebrating Thanksgiving on two separate days.Some started referring to the change as Franksgiving.
on the basis of: wikipedia.org