All You Need to Know About Black Friday!
As we all know, Thanksgiving is a time for exactly that: giving thanks for our loved ones and for the lives that we live. It's a time to gather with those close to us, to spend time together over a well-cooked meal and to reflect on what we have to cherish from the last year. It's a time to kick back, enjoy some time off of work and get geared up for the remainder of the holiday season. After the turkey and stuffing has been put away this holiday, it's time to start tackling your holiday shopping! Following Thanksgiving Day each year is Black Friday, a retail sale bonanza and the perfect way to check off everyone on your "nice" list this season.
History of Black Friday
So when did this national retail extravaganza begin? There is some debate surrounding the official origins of the holiday. The term "Black Friday" was first used to describe a financial crisis in the United States, all the way back in 1869. This term was used to describe the crash of the U.S. gold market, spurred by Wall Street financiers Jay Gould and Jim Fisk. The duo worked to buy up as much American gold as they could in hopes to drive up prices and increase profits from the good. In reality, the market crashed on September 24, 1869, as prices fell over 20 percent and commodity prices plummeted 50 percent.
Another source for the naming of the holiday comes from the heart of downtown Philadelphia. Back in the 1960's, Philly police began referring to the day following Thanksgiving as "Black Friday" to describe the chaos of the holiday. Motorists and pedestrians would fill the streets of the city, to sightsee, for shopping and in preparation of the city's annual Army-Navy football game. Policemen and women would be forced to work extra long hours this day each year to control crowds and shoplifters, coining the iconic term.
Modern Day Black Friday
After observing the outpouring of shoppers following Thanksgiving Day, retailers realized that they could capitalize on this by offering discounts to draw customers. Traditionally, businesses found that after operating at a loss or "in the red" for the year, that their business would earn a profit following Thanksgiving, or went "in the black". This is another cited source for the coining of the term "Black Friday". By 1985, the retail holiday of Black Friday became nationally recognized.
In modern day, Black Friday has transformed into a multiple day event, including Small Business Saturday and Cyber Monday. Small Business Saturday is day created by American Express in 2010, dedicated to supporting small businesses and communities across the country. This is the perfect opportunity to support locally owned businesses, as well as minority owned businesses. Cyber Monday was created in 2005, by the National Retail Federation as a way to give online retailers a piece of the Black Friday shopping frenzy.
Time to Get Shopping!
The National Retail Federation created a poll that found that some 135.8 million Americans plan to take advantage of Black Friday deals this season, and with good reason! This event, alongside Small Business Saturday and Cyber Monday, is the perfect time to get the bulk of your holiday shopping taken care of this season!
Here at Blended Designs, we will be offering some incredible discounts, including 10% off the entire online store! These deals begin 11/23 at midnight and conclude 11/24 at 11:59 p.m.