Black Friday 2024: Date, History And All You Need To Know About It

Black Friday is a term used to describe the Friday after Thanksgiving in the United States, which has become synonymous with significant retail sales and discounts

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It marks the official start of the Christmas shopping season in the United States, with retailers offering deep discounts on a wide range of products. The sales continue to Monday or for a week

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Black Friday always falls on the Friday after Thanksgiving Day in the United States. This year Black Friday is on 29th November 2024

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It will officially mark the start of the holiday shopping season and retailers will offer heavy discounts on different products and services

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The term “Black Friday” originated in Philadelphia in the 1950s, where it was used to describe the chaotic traffic conditions and crowds that occurred on the Friday after Thanksgiving, particularly due to the Army-Navy football game held on the following Saturday

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However, in the 1980s, retailers began to reframe the term “Black Friday” to signify a positive turning point in their financial year. They adopted the accounting practice of referring to profits as “black ink” and losses as “red ink”

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Over time, the term “Black Friday” gained national recognition and became synonymous with the post-Thanksgiving shopping craze. It has since spread to other countries, although its significance and popularity may vary

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In recent years, Black Friday has expanded beyond traditional store shopping to include online shopping. Since the Covid-19 pandemic, online shopping has gained a massive craze

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Cyber Monday, the Monday after Thanksgiving, has emerged as a significant online shopping event, complementing Black Friday and further extending the holiday shopping season

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In conclusion, Black Friday has evolved from a term associated with traffic chaos to a major retail event characterised by significant discounts and consumer enthusiasm

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It has become a cultural phenomenon, marking the start of the holiday shopping season and offering both consumers and retailers a unique opportunity to capitalise on the festive spirit

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