The term originates from the U.S. The day after Thanksgiving is known as Black Friday, It officially marks the beginning of the holiday season as retailers prepare for Christmas trade.
According to a report from ShopperTrak, in 2013 retail sales in-store on Thanksgiving and Black Friday reached $12.3 billion (approx £8 bn)!
All stores, online and offline, offer big promotions on products. Larger retailers such as Amazon and Argos offer up to 75% off. It’s a big day for the purchase of electrical goods, mobiles and tablets.
Although in the past it has traditionally occurred within the U.S., British retailers are now jumping on the bandwagon and offering similar deals for UK customers.
Cyber Monday also happens to be a big day for bargain hunters, this happens on the weekend after Black Friday. With most deals appearing online.
When is Black Friday?
Black Friday falls on the Friday after Thanksgiving. This year Black Friday 2014 is on Friday, November 27, 2015.
Why is it called Black Friday?
According to Wikipedia, the name originated in Philadelphia. Later on it was the fact that that retailers traditionally operated at a financial loss (“in the red”) from January through November, and “Black Friday” indicates the point at which retailers begin to turn a profit,
What time does it start?
In the US, traditionally stores opened as early as 6am. However more recently retailers have been getting more aggressive starting sales on Thanksgiving and other opting to open at midnight.
Why is it relevant in the UK?
As global retailers seek to capitalise on the enormous sales, the term ‘Black Friday’ has crept over to other countries including the UK. Whilst there is not (yet maybe?) the same sales fever in stores, it may eventually happen.
For now though retailers have made these deals available on line.