HOW BLACK FRIDAY STARTED

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Black Friday (Black Friday) is the unofficial name of the day following Thanksgiving in the United States, the fourth Friday in November (between November 24-30), which has been considered the beginning of the country's Christmas shopping season since in 1952.

Most major retailers open very early, in recent years past midnight, and give great deals. Black Friday is not an official holiday, but California and some other states observe the "Day after Thanksgiving" holiday for state employees, usually in lieu of another federal holiday, such as Columbus Day. Many non-retail workers and schools have both Thanksgiving and the following day off, so along with the following weekend creates a four-day holiday that increases the number of potential buyers.

Black Friday has been the biggest sales day of the year in the United States since 2005, although reports, which at the time were inaccurate, described it as such for much longer. Similar stories resurface every year at this time, presenting buying hysteria and inventory shortages, thus creating a vicious demand feedback loop situation.

In 2014, Black Friday sales fell for the first time since the 2008 recession: $50.9 billion was spent over the four-day period, $111.3 billion less than the previous year. But the U.S. economy was not in recession. Stores are now extending their deals throughout November and December, rather than focusing on just that day or even the weekend.

The first evidence of the use of the term "Black Friday" for the day after Thanksgiving in a commercial sense suggests that the term originates in Philadelphia, where it was used to describe the heavy and disruptive vehicular traffic that occurred on the day after Thanksgiving. This use of the term dates back to at least 1961.

in 1961. More than twenty years later, as the phrase became more common, it became popular to explain that this day was the point in the year when retail trade begins to turn a profit, i.e. in American slang from "the red" (in the red) goes "to black" (in the black)

There have been reports of violence between customers on this day. Since 2006, there have been 7 deaths and 98 injuries reported across the United States. It is common for shoppers to camp out outside stores on Thanksgiving Day, attempting to secure a spot in the front line and thus a better chance of finding what they want to buy. These practices, from occupying emergency lanes and fire extinguishers to using propane and generators in more extreme cases, pose a significant risk to public safety, prompting at least one city to ban the practice.

Since the beginning of the 21st century, there have been attempts by retailers from the United States to introduce “Black Friday” to other countries around the world. In Greece, the practice was first introduced in 2015, while since 2016, more and more have started to implement it. You can find us in our online store kosmimatomania.gr