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Here are some interesting facts about the history of Black Friday:
Origin of the Term: The term "Black Friday" was first used in the 1960s by Philadelphia newspapers to describe the huge rush of crowds to stores on the day after Thanksgiving. It referred to retailers reaching profitability or being "in the black" (making profits) as opposed to losses, which were originally recorded in red ink.
Not the Busiest Shopping Day: Contrary to popular belief, Black Friday is not the busiest shopping day of the year. The Saturday before Christmas holds that title.
Evolution of Deals: While Black Friday is known for its deals, not all the best deals are offered on that day. For example, most deals for electronics are offered at the beginning of November, and the best day to save on Christmas décor is November.
Online Shopping: Many online sales discounts are better on Thanksgiving Day for items such as sporting goods and apparel, with an average discount of 24 per cent. The Monday after Thanksgiving weekend, known as "Cyber Monday," has also become nearly as important to retailers as Black Friday.
Global Celebration: Black Friday is not only celebrated in the United States. Fourteen countries reportedly observe the annual holiday shopping event.
Historical Association: The term "Black Friday" was initially associated with a stock market crash in the 1800s, and it was first used on a national level in September 1869.
Overall, Black Friday became associated with shopping due to its historical significance as the unofficial beginning of the Christmas shopping season, the highly promoted sales and discounts offered by retailers, and the evolution of retail practices to include online sales and global marketing of holiday sales events.