As many shoppers are currently scrolling through deals right now they probably aren’t wondering how this massive retail discounts day got to be known as “Black Friday”.
The most popular explanation is that the day’s sales are so high, it can singlehandedly push a retailer from being “in the red,” or losing money, into “the black,” or solvency.
In 1981, According to sources from Snopes, they believe that the Philadelphia police had coined the term “Black Friday.” While others believe that a reporter had claimed that he popularised it.
Black Friday marks the official start of the holiday season and since Thanksgiving is always on a Thursday, many schools and some businesses would be closed the day after
Stores, however, before were not closed, causing a spike in street traffic and crowds in Philadelphia’s Center City. Police officers in the city referred to that day as Black Friday, and had to work 12-hour shifts to mitigate the chaos. The media henceforth fancied the name and name popularised it.
Many PR firms didn’t think that Black Friday would be an appropriate name hence tried to change it to “Big Friday” in the 1960s. But didn’t work, and eventually, Black Friday spread across the US.
Thanks to Globalisation Black Friday is not only the biggest and most popular shopping event in United States but in other countries too.
Companies not doing Black Friday…
In the retail industry a sales event isn’t an easy task cause it requires more than extra effort to handle so many customers, keep the store clean; spotless and well organised – that implies that merchandisers will need to stay up 24 to 48 hours during such hours, and around the holidays it’s kind of a mean thing to expect that’s why retailers such as Costco,Home Depot,IKEA, Nordstrom, H&M and Sam’s Club will keep their doors shut on Black Friday.
REI is also one of those brands. Black Friday just doesn’t fit in with its mission. REI CEO Jerry Stritzke told Business Insider’s Kate Taylor, “You don’t win in the long-term by pushing … what I call rampant consumerism.”
Few other employers also give their whole workforce the day off on Thanksgiving.