Black Friday – All you need to know!
The words ‘discount’ and ‘sale’ are bound to get anyone’s heart racing. But have you heard of the legendary ‘Black Friday’? A much-awaited holiday in the United States since its origins, Black Friday has globally increased in popularity over the years thanks to the emergence of the e-commerce industry with online retail giants such as Amazon. So what exactly is Black Friday and what do you look out for? From the origins of Black Friday to examining its pros and cons – here’s all you need to know!
What is Black Friday and what are its origins?
The first Friday after Thanksgiving that marks the beginning of the Christmas shopping season, is referred to as Black Friday. According to an article published in the Times Magazine detailing the history of Black Friday, the term first originated in the late eighteen hundreds where it was used to describe the financial crisis of 1869. It was only in the 1950s and 1960s that the term was used in relation to retail industries where retailers offered massive discounts to attract holiday shoppers. With the emergence of the e-commerce industry, the holiday gained traction as sales and coupons were widely publicized. According to the Times, by 2002, Black Friday had become the biggest shopping day of the year.
When do Black Friday sales start?
This year Black Friday will take place on Friday, November 29. In the past, while Black Friday was held only on the day after Thanksgiving Day, today there are some stores that run sales that span the entire month of November.
What is Cyber Monday and how is it different from Black Friday?
According to an article published by CNET, Black Friday was more of an in-store shopping experience while Cyber Monday took place exclusively online. Cyber Monday dates back to 2005 with the growing popularity of online shopping. It was the first Monday after Thanksgiving Day where retailers offered discounts on their websites and social media platforms to attract online consumers. According to CNET, interestingly, Cyber Monday emerged on Monday because it was found that people liked to shop while they had access to fast computers and high-speed connections at their workplace. Back in the day when most people used dial up modems at home, the most lucrative means of getting the best deals proved to be on a Monday.
Are Black Friday deals worth the hassle?
It’s not just the massive discounts, but also the sweepstakes and giveaways that attract customers. While Black Friday is notorious for its unruly crowds and violent brawls, especially in countries such as the US, people are drawn to the sales as they give a feeling of satisfaction. Nothing is more gratifying than scoring a killer deal on your most coveted item of the year and finishing your holiday shopping without busting your wallet. In the end, it all depends on how badly you want a certain product and how much you’re willing to spend on it.