Why is the day after Thanksgiving called “Black Friday”?
The term “Black Friday” started as an insider lingo among retailers a trade term that Caught the Public Imagination was inducted in the pre-Quicken, pre-computer era of bookkeeping. The color black refers to the ink used in handwritten ledgers of marking profits in black ink (losses in red ink).
It is associated with the day because the day after the Thanksgiving holiday in the United States is the official mark of the holiday shopping season, This is the biggest shopping day of the year nationwide, which most retailers are dependent on for a profitable year and therefore hope, will encourage customers to spend enough money to tip them into the “black” or profitable zone for the year.
It is now (Over) used in a general Pop Culture sense as virtually every city in America, every mall, and many online retailers promote “Black Friday” sales. The name “Black Friday” For many retailers, is the year-end holiday shopping season and can make or break their fiscal year. To ensure that they do make a profit and get a share of consumers’ disposable income, for many years now, retailers have lured customers to spend earlier and earlier — as much as a month before the Christmas and Hanukkah and Kwanzaa festivities.
So basically instead of Black it should really be called (hopefully to) Profit Friday.
Being “in the red” referred to the red ink that historically was used to indicate a loss, or negative income, or being in debt. Being “in the black” referred to the black ink that historically was used to indicate that the business had at least covered costs, or that it had earned a profit.
Speaking of sales, why not check out my product review for the new boots I bought (they will make a great gift) for someone.