'/> Knowledge Is Power: Black Friday

Wednesday, November 24, 2010

Black Friday

Today, Thanksgiving Eve is considered Gray Wednesday; tomorrow will be the day families across the world will give THANKS. Friday the day after Thanksgiving will be considered Black Friday.

Black Friday is the day associated with special sales and promotions that stores use to encourage shoppers to use the holiday weekend for shopping.  This officially marks the beginning of the Christmas shopping season.

The theory of Black Friday began in early 1980s; stores traditionally operated at a financial loss for most of the year and made their profit during the holiday season. This would be recorded in the financial records with red ink to show negative amounts and black ink to show positive amounts.  Black Friday is the beginning of the period where stores usually make a profit (the black).

Happy Black Friday!!!

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