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How Black Friday got started?  Ted & I were chatting about that last night. He ran across this and I thought I would share.

The term Black Friday
itself was originally used to describe something else entirely — the Sept. 24, 1864, stock-market panic set off by plunging gold prices. Newspapers in Philadelphia reappropriated the phrase in the late 1960s, using it to describe the rush of crowds at stores. The justification came later, tied to accounting balance sheets where black ink would represent a profit. Many see Black Friday as the day retailers go into the black or show a profit for the first time in a given year. The term stuck and spread, and by the 1990s Black Friday became an unofficial retail holiday nationwide. Since 2002, Black Friday has been the season's biggest shopping day each year except 2004, according to market-research firm ShopperTrak.


Is Black Friday really the biggest shopping day of the year?

It’s certainly the day of the year in which you’re most likely to be punched while grabbing for the latest Elmo doll, but it might not be the busiest day in terms of gross receipts. According to Snopes.com, Black Friday is generally one of the top six or seven days of the year for stores, but it’s the days immediately before Christmas when procrastinators finally get shopping that stores make the serious loot. Black Friday may, however, be the busiest day of the year in terms of customer traffic.



Macy's Day Parade history..Click Here

 

HAVE A HAPPY, SAFE AND FUN THANKSGIVING WEEKEND. MAY IT BE FILLED WITH LOTS OF TREATS AND GREAT DEALS!!



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Locations : Philadelphia




 
11/23/2011 4:26PM
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