What is Black Friday? A Shopping Tradition with a Global Impact

Black Friday, the day following Thanksgiving, has become one of the most anticipated shopping events of the year, both in the United States and globally. It marks the unofficial start of the holiday shopping season, with retailers offering substantial discounts and promotions to attract shoppers. Over the years, Black Friday has evolved from a one-day in-store shopping event into a global phenomenon, with online deals and sales often beginning weeks in advance

The Origins of Black Friday:

The term “Black Friday” originated in the 1960s in Philadelphia. Initially, it described the chaotic traffic and crowded streets that followed Thanksgiving as people flocked to the city to take advantage of post-holiday sales. However, retailers later embraced the term and redefined it to represent a profitable day when their accounts would move “into the black,” signifying a positive balance. This positive association with financial success helped transform Black Friday into a major shopping event.

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How Black Friday Became a Global Tradition:

While it started in the U.S., Black Friday quickly expanded to other countries and has been embraced around the world. Retailers across the globe now participate in the event, offering massive discounts both in stores and online. From physical stores to e-commerce giants, Black Friday has become a critical sales period for businesses and a day of consumer enthusiasm, with shoppers eagerly seeking the best deals.

The Impact of Black Friday:

Despite its success, Black Friday has faced criticism for promoting over-consumption and encouraging unsustainable shopping practices. Movements like “Buy Nothing Day” have emerged as a response, urging consumers to avoid the commercial frenzy. However, the event remains a major retail milestone and a highly anticipated occasion for shoppers looking to kickstart their holiday shopping.

When is Black Friday in 2024?

In 2024, Black Friday will take place on November 29, continuing its tradition of massive discounts and sales that attract millions of shoppers worldwide.

The Significance of Black Friday:

Black Friday marks the beginning of the holiday shopping season, with retailers offering steep discounts and special deals. It has grown into a cultural phenomenon, symbolizing the excitement and energy of modern retail. Whether in physical stores or online, consumers flock to take advantage of the significant savings, making Black Friday a key event in the shopping calendar.