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Black Friday: History and Highlights

BLACK FRIDAY History and Highlights Every year, the day after Thanksgiving marks the beginning of the holiday shopping season. Here is some of the history and highlights of the frantic shopping holiday known as Black Friday. BLACK 1869 Price of Go/d Newspapers like the New York Times originally coined the term "Black Friday" to describe the financial panic in the stock market in September of this year. Photograph of the black board in the New York Gold Room, September 24, 1869, showing the collapse of the price of gold. 1924 1966 The Macy's Thanksgiving Day Parade is first held in NYC; the festivities mark the start of the holiday shopping season. The Philadelphia police repurposed the phrase "Black Friday" to describe the rush of crowds at stores the day after Thanksgiving. 1990s In theory, the term came from the reference to many stores operating "in the red", or in debt, during the year. But once the Black Friday deals arrive, retailers reach the line where their debts are 2002 paid off and they start turning a profit. in the black! Black Friday becomes the most profitable shopping day of the year, beating out the "Black Friday" was once again redefined as the name for one of America's largest, unofficial retail holidays. Saturday before Christmas. 2008 SALE Black Friday shopping turns deadly this year when a Long Island, N.Y. Walmart employee is trampled to death by a stampede of "out-of-control" holiday shoppers. The frenzied mob also injured four others, including a woman eight months pregnant. 2009 Online shopping grows in popularity: shoppers spent $292 million more online on Cyber Monday than they did in ELECTRONICS & STUFF stores on Black Friday. CYBER MONDAYI 2010 Consumers set new records by spending $10.69 billion on Black Friday. Top 2010 Online Retailers Amazon Target Walmart Best Buy Average Amount Spent Per Transaction On Black Friday since 2007 $380 172 $370 million shoppers 212 million $360 shoppers $350 147 195 million shoppers million $340 shoppers 2007 2008 2009 2010 2011 Year of the Smartphone Shopper Percentage of shoppers that used a mobile device to purchase something on Black Friday 15%* 15% 10%- 5.6% 5% 4.4% 2009 2010 2011 *Predicted Something to remember for 2011 Be sure to keep an eye out for pre-Black Friday sales from large retailers like in the weeks leading up to the Thanksgiving holiday. SOURCES: | blackfriday | | | | PHOTOS: | Brought to you by

Black Friday: History and Highlights

shared by Stephania on Nov 04
We all love to save a little money during the Holidays, but besides the crowds, coupons and camp outs, not many people know the history and highlights behind this infamous shopping day. Black Friday H...


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