History of Black Friday
18 Nov, 2016
What is the history of Black Friday and how did the day full of extreme sales and discounts get its name? There have been many myths and stories told all about how the unique holiday received the famous name. Crowds and crowds of people pack themselves into stores for a chance to nab those great door-buster deals. But where did the name originate?
Into the black
One theory around the Black Friday names goes back to accounting practices. Before computers, retailers used an old style of accounting to record revenue. Losses were written in red, profits in black. Because the day after Thanksgiving offered so many sales and drew a large number of shoppers to stores, it was the first day of the holiday season that retailers would recognize profit and see their numbers move into the black.
The real history of Black Friday
Historically, the term “black” has been added as an adjective to describe disasters (as in “black plague.”) In the early 1950s, the term “Black Friday” was used by employers who noticed that employees were calling off sick in large numbers on this day to enjoy a four day weekend. During the latter half of the decade, the police force in the city of Philadelphia started calling the day after Thanksgiving “Black Friday” to refer to the chaos and traffic that ensued as massive amounts of people entered the city for holiday shopping. The name caught on and the local retailers made their best efforts to try and change the name to “Big Friday” but failed. The name would later hit retailers nationwide around the late 1980s.
Biggest sales in history
Throughout the history of Black Friday, retailers have seen incredible amounts of spending both in store and online. Take advantage of hhgregg’s Black Friday deals, and find an hhgregg store near you and be sure to check out our Black Friday ad.