Black Friday is an annual shopping event that takes place on the Friday after Thanksgiving. It is regarded as the beginning of the Christmas shopping season in the United States and is considered one of the busiest shopping days of the year. The day is marked by retailers offering significant discounts and promotions, with shoppers flocking to stores to take advantage of the deals.
The exact date of Black Friday varies from year to year, as it is always the Friday after Thanksgiving. In 2023, Black Friday will fall on November 24. However, some retailers may start their promotions earlier in the week, with some even beginning on Thanksgiving Day itself. The day after Black Friday is known as Cyber Monday, which is focused on online shopping and is also a popular day for retailers to offer discounts and promotions.
Key Takeaways
- Black Friday is an annual shopping event that takes place on the Friday after Thanksgiving.
- The date of Black Friday varies from year to year, but in 2023 it will fall on November 24.
- Cyber Monday follows Black Friday and is focused on online shopping, with many retailers offering discounts and promotions.
Definition of Black Friday
Black Friday is a term used to describe the day after Thanksgiving in the United States. It is considered to be the start of the Christmas shopping season, and many retailers offer highly promoted sales with discounted prices.
The origin of the term “Black Friday” is not known for certain. One theory suggests that it originated from the practice of recording losses in red ink and profits in black ink. According to this theory, retailers who were struggling financially would record losses in red ink throughout the year, but on the day after Thanksgiving, they would make enough sales to record profits in black ink.
Another theory suggests that the term “Black Friday” originated from the heavy traffic and chaos that occurred on the day after Thanksgiving. The streets would be congested with shoppers, causing traffic jams and accidents, and police officers would be required to work long hours to maintain order. This theory suggests that the term “Black Friday” was used to describe the chaos and mayhem that occurred on this day.
Regardless of its origin, Black Friday has become an important day for retailers in the United States. It is a day when many people take advantage of the sales and discounts offered by retailers to purchase gifts for the upcoming holiday season.
In recent years, Black Friday has also become an important day for online retailers. Many online retailers offer sales and discounts on the day after Thanksgiving, and some even offer special deals that are only available online. This has made it easier for people to take advantage of the sales without having to brave the crowds at physical stores.
Historical Background
Black Friday is an annual shopping event that takes place on the day after Thanksgiving in the United States. The origins of Black Friday are somewhat disputed, with several theories about how the event came to be.
One theory suggests that the term “Black Friday” originated in the 1960s in Philadelphia, where it was used to describe the heavy traffic and chaos that occurred on the day after Thanksgiving. Another theory suggests that the term was first used by retailers in the 1980s to refer to the day when they began to turn a profit for the year, or “go into the black.”
However, the history of Black Friday actually dates back much further than the 20th century. The first recorded use of the term “Black Friday” was in reference to a financial crisis that occurred in the United States in 1869. At that time, two investors attempted to corner the gold market, causing a panic that led to a stock market crash and widespread financial ruin.
In the decades that followed, Black Friday became associated with a variety of other events, including the launch of a new toy or gadget, the start of the Christmas shopping season, and the day when retailers began offering deep discounts on merchandise. Today, Black Friday is one of the biggest shopping days of the year, with millions of people lining up outside stores and shopping online to take advantage of the deals.
Despite its long history, Black Friday is not without controversy. Some critics argue that the event promotes consumerism and materialism, and that it places undue stress on retail workers who are forced to work long hours and deal with large crowds of shoppers. Nevertheless, Black Friday remains a popular tradition in the United States, and it shows no signs of disappearing anytime soon.
When is Black Friday
Black Friday is an annual shopping event that takes place on the day after Thanksgiving in the United States. It is traditionally considered the start of the holiday shopping season and is known for its deep discounts and special promotions.
In 2023, Black Friday falls on November 24th, which is the fourth Thursday in November. This means that shoppers can expect to see deals and sales starting on Thanksgiving Day and continuing through the weekend.
Many retailers offer “doorbuster” deals, which are limited-time offers that are available only in-store and usually have deep discounts on popular items. However, in recent years, online shopping has become increasingly popular, and many retailers now offer online deals that are just as good as in-store deals, if not better.
It’s important to note that not all stores participate in Black Friday, and some may have different schedules or promotions. Shoppers can check with their favorite retailers to see what deals they have planned for Black Friday.
Overall, Black Friday is a great opportunity for shoppers to save money on holiday gifts and other items. By planning ahead and doing some research, shoppers can take advantage of the best deals and get their holiday shopping done early.
Significance of Black Friday
Black Friday is a highly anticipated shopping event that takes place on the Friday after Thanksgiving in the United States. It is considered the unofficial start of the holiday shopping season, with retailers offering special deals and discounts to attract shoppers. Black Friday has become a significant event in the American economy, with its impact felt by both consumers and businesses.
Impact on Economy
Black Friday is a crucial day for retailers, as it marks the start of the holiday shopping season and sets the tone for sales in the coming weeks. The day has become so important that many retailers now open their doors early, with some even opening on Thanksgiving Day itself. This has led to increased sales and revenue for businesses, as shoppers take advantage of the deals and discounts on offer.
The impact of Black Friday on the economy is significant, with billions of dollars spent on the day itself and throughout the holiday season. According to a report by Adobe Analytics, Black Friday 2022 saw a record-breaking $10.8 billion in online sales alone. This figure is expected to rise in the coming years, as more consumers turn to online shopping.
Consumer Behavior
Black Friday has also had a significant impact on consumer behavior, with shoppers now expecting to find deals and discounts on the day. This has led to a shift in shopping patterns, with many consumers delaying their holiday shopping until Black Friday in order to take advantage of the deals on offer.
The rise of online shopping has also changed the way consumers approach Black Friday, with many now opting to shop online rather than in-store. This has led to increased competition among retailers, with many offering free shipping and other incentives to attract online shoppers.
Overall, Black Friday has become a significant event in the American economy, with its impact felt by both consumers and businesses. The day has become a crucial part of the holiday shopping season, with retailers offering deals and discounts to attract shoppers and increase sales.
Black Friday in Different Countries
Black Friday is a shopping event that originated in the United States and is held on the Friday following Thanksgiving Day. Over the years, it has become an international phenomenon, with many countries around the world adopting the shopping holiday.
United States
In the United States, Black Friday is considered the start of the holiday shopping season. It falls on the day after Thanksgiving, which is always celebrated on the fourth Thursday in November. On this day, retailers offer significant discounts on a wide range of products, from electronics to clothing.
Canada
Canada also celebrates Black Friday, which falls on the same day as the United States. Many Canadian retailers offer similar discounts to their American counterparts, and the event has become increasingly popular in recent years.
United Kingdom
In the United Kingdom, Black Friday is a relatively new phenomenon, having only been introduced in 2010. It falls on the fourth Friday in November and has quickly become one of the biggest shopping events of the year. Many retailers offer significant discounts, and the event has sparked controversy over the years due to the large crowds and occasional violence that have occurred.
Other Countries
Black Friday is celebrated in many other countries around the world, including Mexico, Australia, India, and Russia. However, the date and the level of participation vary widely by country. For example, in Brazil, Black Friday falls on the fourth Friday in November, while in China, it is celebrated on November 11th, known as Singles’ Day.
Overall, Black Friday has become a global phenomenon, with many countries adopting the shopping holiday to boost sales and kick off the holiday shopping season.
Online Shopping on Black Friday
Trends
Black Friday is one of the busiest shopping days of the year, and online shopping has become increasingly popular. In 2022, the COVID-19 pandemic has made online shopping even more important for those who want to avoid crowds and stay safe. According to BlackFriday.com, online shopping on Black Friday is expected to continue to grow in popularity.
Retailers are also offering more online deals and discounts for Black Friday. In 2022, many retailers are starting their online sales earlier than ever before. For example, Amazon has already started offering Black Friday deals, and other retailers are expected to follow suit.
Safety Tips
While online shopping can be convenient, it is important to take safety precautions. Here are some tips to help you stay safe while shopping online on Black Friday:
- Use a secure internet connection and avoid public Wi-Fi networks.
- Shop on reputable websites and make sure the website is secure before entering any personal or payment information.
- Use a credit card instead of a debit card to make purchases. Credit cards offer more protection against fraud and unauthorized charges.
- Keep track of your purchases and check your credit card statements regularly to make sure there are no unauthorized charges.
- Beware of phishing scams and fake deals. If a deal seems too good to be true, it probably is.
By following these safety tips, shoppers can enjoy the convenience of online shopping while minimizing the risks of fraud and identity theft.
Conclusion
In conclusion, Black Friday is an annual shopping event that takes place on the Friday following Thanksgiving Day in the United States. It has become a global phenomenon, with retailers around the world offering discounts and promotions to attract shoppers. In 2023, Black Friday falls on November 24, with Cyber Monday following on November 27.
While Black Friday can offer significant savings, consumers should be aware of the potential downsides, such as crowds and long lines. It’s important to plan ahead and make a list of desired items to avoid overspending or impulse purchases.
Retailers also need to carefully consider their Black Friday strategy, as offering deep discounts can impact profit margins and lead to logistical challenges such as inventory management and staffing. However, it can also be a valuable opportunity to boost sales and attract new customers.
Overall, Black Friday remains a highly anticipated event for both consumers and retailers alike, with its success depending on careful planning and execution.
Frequently Asked Questions
What stores are having Black Friday sales?
Many stores participate in Black Friday sales, both in-store and online. Some of the most popular stores that have Black Friday sales include Walmart, Best Buy, Target, Amazon, and Macy’s. However, many other stores also have Black Friday sales, so it’s always a good idea to check your favorite retailers to see if they are participating.
When is Black Friday in July?
Black Friday in July, also known as Amazon Prime Day, typically takes place in mid-July. However, the exact date can vary from year to year, so it’s important to check with Amazon to confirm the date for any given year.
When is Black Friday 2023 at Walmart?
Black Friday 2023 at Walmart is expected to take place on Friday, November 24th, 2023. However, it’s always a good idea to check with Walmart closer to the date to confirm the exact date and time of their Black Friday sale.
Black Friday 2023 Amazon – what deals can we expect?
Amazon typically offers a wide range of deals during their Black Friday sale, including discounts on electronics, toys, clothing, and more. Some of the most popular deals in recent years have included discounts on Amazon devices like the Echo and Kindle, as well as big savings on popular electronics like TVs and laptops.
What day is Black Friday each year?
Black Friday always takes place on the day after Thanksgiving, which is the fourth Thursday in November. This means that the date of Black Friday can vary from year to year, but it is always in late November.
Is there Black Friday in 2023?
Yes, Black Friday will take place on November 24th, 2023. It is always the day after Thanksgiving, which falls on the fourth Thursday in November.