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Black Friday: The Day After Thanksgiving

By Lea Remini 13 September, 2023 7 mins read

Black Friday is the important shopping day for most retailers. It falls on the day following Thanksgiving. In the past, negative numbers were written by retailers in red ink. Positive numbers were written in dark ink. Online retailers made an estimated $9 billion last year from Black Friday. It is unclear if Black Friday will still be as important for retailers today. Many retailers make good use of this shopping day.

Shopping the day after Thanksgiving

The official start to holiday shopping is on the day following Thanksgiving. Thanksgiving Day traditionally saw stores close on that day. But competition has forced retailers and other businesses to open additional shopping days. Many consumers oppose the practice, citing the commercialization, lack of family time, and the fact most retailers only open on Thursdays to sell doorbuster items. Even though they miss the turkey and butter, shopping on the day following Thanksgiving is more fun.

Even though it's not a holiday, the Sunday after Thanksgiving is still a busy day for shoppers. Many stores have extended hours, while others offer Black Friday deals. Some stores even extend their hours on the Sunday after Thanksgiving, giving shoppers a full weekend. It's not uncommon to find sales for as much as 70 percent off on certain products. This makes it a great day to get last-minute gifts for loved one.

In recent years, Thanksgiving Day has grown in popularity. Despite it being so close to Christmas, retailers are wary. The reason for this shift is that retailers want to extend their holiday shopping season. A store does not want to advertise before Thanksgiving. In 1939, President Franklin D. Roosevelt issued a presidential proclamation moving Thanksgiving one week earlier. Many people celebrated the traditional Thanksgiving day. In recent years, however, more retailers have been releasing pictures of their day-after-Thanksgiving sales well in advance.

Market crash caused by falling gold prices

On September 24, 1869, the market crashed as a result of a sharp fall in gold prices. Gold fell 20% in one hour, from $162 to $135 an ounce. Below is a photo of the blackboard that was used to illustrate the price drop. Many investors lost their hard-earned capital during the crash. In addition to ruining many of their portfolios, the crash caused the price of silver to crash as well.

Although the exact date of Black Friday's first recorded appearance is unknown, it is believed that it occurred in 1869. Jay Gould (Wall Street financier) and Jim Fisk (Wall Street financier) bought the nation's precious metal and sold it off at exorbitant prices. The crash resulted in a market crash in the United States that led to the bankruptcy of a large number of bankers, farmers, and Wall Street barons.

Fisk was also exonerated in court. Fisk's purchase and sale of gold was not in violation of the law. It was a breach of contract. Fisk's failed to reimburse any investors for the gold he received was not only a breach in trust but also a breach of contract. Gould also signaled to his operatives that they would dump $50 million worth of gold and other precious materials, and he sold Fisk the gold.

Cyber Monday: Influence

Cyber Monday has been synonymous with Black Friday since its inception. Many online retailers offer specials on both days. While there may be a variety of promotions for Cyber Monday and Black Friday by different retailers, most offer the exact same deals all weekend. There are a few ways that each day can be different. One thing consumers have in common is that they are both dominated by bargain prices, so both days are important. These are the top deals that you can find on both of these days.

Although Cyber Monday and Black Friday are becoming more distinct, there are still products shoppers should consider buying on either day. Cyber Monday is expected to surpass Black Friday in total spend by 2020 due to the higher prices. Adobe Analytics reports that U.S. customers spent $9 billion on Black Friday while Cyber Monday was $10.8 billion. Whether the two days overlap or not, it's important to note that one isn't better than the other.

They are identical, offering the same general shopping time, but with different sales goals. Both events focus on low prices for consumers. Many retailers offer sales in October, even though Black Friday can often be extended into Cyber Monday. Cyber Monday is an important day for many retailers. This gives both days great opportunities for big sales. Cyber Monday is the most popular day to shop online. This trend should be used by retailers to their advantage.

Origin of the name

The word "Black Friday" first made an appearance in print in the early 1960s, originating in Philadelphia. The term had a negative connotation at first, since it was associated with the stock market as well as hostile crowds. However, it gained momentum in the 1980s, as retailers began to use the term in "get-in-the-black" terms. The term has become a well-known sales day for many companies.

Black Friday, which is also the last day for Thanksgiving and the start to Christmas season, is widely known today. However, the term was originally used to refer to a different financial turn of events. It is not related to the holiday, but the late 19th-century was the first time the term was used. However, it was affected by the terrible crash in the gold price. Regardless, the term "Black Friday” has been around since that time.

Contrary to today's use of "Black Friday" to describe the day after Thanksgiving (which is what it is now), the term's origins date back to the 1950s. This term was created in Philadelphia where the Army-Navy football game and holiday shopping season caused huge problems for police. It was popularized in the late 1980s. While many people see it as a negative term, the positive connotations of the phrase make it all the more powerful.

Shopping online

Cyber Monday deals are focused on tech items, such as laptops, desktop computers, and gaming PCs. Cyber Monday retailers including Amazon and Newegg are expected to duplicate and improve these deals. These deals can be great, but remember to keep your receipts. You can either keep them in your handbag or wallet, or send them to yourself. This is a great idea and will pay huge dividends! These are just a few ways to save money this holiday season.

While older generations still prefer to shop in-store, the Millennial generation Z are starting to take advantage of Black Friday to make holiday purchases. They are planning to spend large, especially on gifts. Black Friday will bring more sales to Target than Walmart. According to a recent survey 29% of women surveyed and 27% of men surveyed, they plan on making purchases on Black Friday in 2021. The numbers are even higher than they were last year.

Black Friday also offers other online shopping options, including clothing and electronics. People spend a lot of time at home over the holidays, making it a great time to purchase appliances such as instant pots, microwave ovens, air fryers, and microwave ovens. Staples stocks a wide selection of televisions and electronics, which are popular Black Friday items. Walmart has a wide selection of toys, games, and non-digital playtime accessories for children.

Safety concerns

Black Friday is an important day for safety. There are people queuing up hours before shops open. Not only should you be on the lookout for slippery surfaces, especially in parking areas, but you also need to be cautious for shopping carts that are not authorized and product displays that are too full. These hazards should be reported to store security immediately or called 911. You can then take the necessary precautions to prevent injury. It is a good rule to avoid shopping in non-essential stores.

Queues, which can get very long on Black Friday, are the biggest problem. 47% of shoppers fear that they will contract the virus Covid-19 if they stand in long lines. 35% feel uncomfortable. Virtual queueing systems are being used by many brands to tackle this problem. Office Depot Inc., for example, started a virtual queueing system in Summer that allows customers to check their wait times, join a queue, and even manage their position through the retailer's app. You can also create virtual queues for brands by using tablet-based sign-in kiosks.

Black Friday presents a number of safety risks, including increased COVID-19 risk and poor crowd control. A recent report found that 25,000 Americans suffer from slip and fall accidents every day on Black Friday. People are more likely to trip and fall on a slippery floor due to their shoes, and items can also fall off shelves. You can prevent such incidents by wearing sturdy shoes, being alert, and following crowd control guidelines.

FAQ

Is it really necessary to register my creditcard number for online shopping?

Registration of your credit cards is optional. It is possible to get discounts or special offers by registering your credit card. It's a good idea that you verify your identity to your bank.

Online shopping: Can I return clothes?

Absolutely! In fact, it's easier than ever to purchase clothing online. All major retailers offer free return policies. You can simply print a label, and then drop it off in the mail.

However, keep in mind that you'll only receive a refund after receiving the item. To return the product if you have a different opinion, please let us know.

Why I shouldn’t believe the hype surrounding sales in online shops and stores?

Sometimes, sites will overstate the starting price of an object to make you appear to be saving more. Simply add the item that interests you to your cart and make sure it does not get lost. After you have done this, Google the name of the designer as well the type product you are looking for. You might find out that the great deal you thought you got is actually not so great. You may even find that same item for less.

Are there other things I should be aware of when shopping for clothes online

Before buying clothes online, you need to be aware of several things. First, make sure you know your size. It might seem obvious, however most companies do not provide this information so you will have to guess.

Second, be aware of shipping costs. Shipping costs can vary depending on which item you purchase. You should also know where your package is going. Some items ship directly from the manufacturer while others go through a third party warehouse. This can have an impact on delivery times.

Finally, read reviews carefully. There are many bad experiences. Don't let others' experiences affect yours.

Do you think it is okay to ask for discounts while shopping?

You should always attempt to negotiate a cheaper price for your items. You don't have to be rude to ask about discount codes. If you do this politely, then they may offer you a deal. This could save you money in the end.

Statistics

Last Black Friday, I bought a stove from Lowes at 40% off, receiving 24 months of interest-free financing (from Lowe's). (meetfabric.com)
Your Online Purchases 79% of Americans purchased goods and services online in 2018, which is expected to exceed 90% in 2023. (meetfabric.com)
The vast majority only change a password to protect privacy a few times a year (27 percent) or, more likely, never (35 percent). (pcmag.com)
The tax is automatically added once you click the checkout button, so factor in an additional 20% when looking at the product page. (makeuseof.com)

External Links

How To

Is online shopping safe?

Yes! Yes, the internet is one of most secure places to do business. It's easy to protect yourself with security software and keep your personal information private.

Because it allows people to shop online, they can get exactly what their heart desires without having to leave their home.

It's important to remember that while you're shopping online, you still need to use common sense and follow basic safety precautions.

Never give out your credit cards number by phone or email, unless you initiated the transaction. Hang up immediately when someone calls pretending they are from your bank.

Don't send sensitive information via email, such as passwords or account numbers. Instead, log on to your accounts through a secure website.

It's always good practice to check your browser's address bar before entering any personal information. For those who are worried about identity theft, the Federal Trade Commission or Better Business Bureau can offer free services.

These organizations will monitor transactions and notify you if something suspicious occurs.

If anyone attempts to steal your identity, they will notify you.

Here are some tips for avoiding being scammed.

Never give financial information by phone or email.
Never click on links within unsolicited emails.
Don't click on ads asking you to provide personal information.
Never enter your password or PIN on a site you didn't initiate.
Always verify that you're on the correct website before submitting personal information.
Websites that require personal information to verify their legitimacy are not recommended.
Before submitting personal information, verify all addresses and contact information.
Pay attention to hidden charges
Keep a copy of all receipts in case you need to dispute unauthorised charges later.
Report any fraudulent activity to the FTC or BBB, your local Police Department, and/or your State Attorney General.
Online purchases are a great way to get discounts and special offers.