July 2, 2024

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Black Friday, sounds kind of scary, and it was, black friday first referred to the ...

Black Friday, sounds kind of scary, and it was, black friday first referred to the collapse of the US gold market in 1869, a century later Philadelphia police use black friday to describe chaos and congestion, downtown streets were clogged with hordes of shopped headed to the big department stores, retailers hated the term, but then tried to reinvent it, it was the day their profits went from red to black, so they said : Black friday really started catching on in the 80s’ and 90s’, pushed by the growth of big box stores, today it’s all about bargains and black Friday’s roots are for the history books.

Black Friday has gone completely nuts, some places doing two weeks of sales between their discounts and offers; holiday shopping has already started a bit earlier, so better sales are expected than last year, the most known and big retailers (Amazon, Walmart, …) may reduce the impact of China trade war tariffs on consumers, despite the imposed tariffs on many of them and electronics goods, many analysts expect sales to grow 3.1% compared to last year.

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