The Friday after Thanksgiving! Why is it one of the busiest shopping days ever? Why is Black Friday an event based on shopping at stores for a low price? This question has a few explanations. The backstory for Black Friday is considered an event because it is the day after Thanksgiving when stores reopen and become profitable. The term “black” is a profitable term frequently used by investors. However, what you don’t know is that 145 years ago the term was used in New York and had nothing to do with Christmas shopping.
Investors named Jay Gould and Jim Fisk were two financial masterminds that decided to scam the gold market and drive up the price of gold for weeks. However, when President Grant caught wind of their scam, he counteracted it by flooding the market with gold. This was a detrimental effect on the economy causing a crash. But this is long before the Black Friday we know ever existed.
The Black Friday that we are accustomed to originated in Philadelphia. During this time, there was a traditional football game that was played every year on the Saturday after Thanksgiving. This event caused tourist and shoppers to flood the cities and overcrowd retail stores. Soon after the term was used to reference the post-Thanksgiving and pre-Christmas shopping frenzy that was developed in the ’80s.
You will also come across a Black Friday description that pertains to businesses going from red to black. It is stated that during the year businesses are in red until the holidays. And during this time, they go into a black zone which is described as a surge in cash flow for the retailers.
Where Can I Find the Best Black Friday and Cyber Monday Deals?
Are you planning to shop for Black Friday or Cyber Monday? If so, then you are not alone. Here are some tips that you can follow to get the best pricing for your holiday shopping.
The closer we get to Christmas; shoppers are looking for ways to save money and get the best gifts for their family and friends. Since online shopping is a great way to purchase items without interacting with a bunch of individuals; it is a popular option.
Nevertheless, Black Friday may be a bit different than it usually is, especially due to Coronavirus. However, Cyber Monday is still a great way to advertise your business and to shop online with other business owners. According to an industry analyst, nearly 60% of shoppers prefer shopping online during Cyber Monday than they would on Black Friday.
The best way to get the most suitable price for your Christmas gifts is listed below.
1. Use a browser extension like Honey to assist during your Cyber Monday shopping experience.
2. You can also set up price alerts for the items that you’re interested in. A great option would be an app called Slickdeals. This app will allow you to set up price alerts and notifications for specific products or brands that you are interested in.
3. Be diligent in comparing prices. By thoroughly comparing prices you can save an additional 5 to 10%. Some apps allow you to do this from their platform. However, with a little research, you will be able to ensure that you’re getting the best deal for shipping, price availability, and package deals.