What is Black Friday and why is everyone talking about it?

You may have spotted signs and advertisements on the internet and in stores advertising Black Friday deals. But do you understand what it means and why it is taking place?

For starters, Black Friday is a 24-hour period during which customers may purchase some things at a significantly reduced price.

The day was originally discovered in the United States on the first Friday after Thanksgiving Day in 1952 and was established as a national holiday in the country.
In the year 2021, Black Friday was actually today, November 26th.

This day was created by stores and other businesses to encourage consumers to start spending money in the lead-up to Christmas, and it is often one of the busiest shopping days of the year.

The controversy behind Black Friday

There is much controversy about the origin of Black Friday's name. Some believe it was named after a Wall Street financial crisis that occurred in 1869. Some argue that this is due to the fact that most retail establishments are now operating in the black. This is a slang word describing stores' making more money than they need to spend on inventory, allowing them to pass the savings on to customers.
 

Even stores outside of the United States have begun to use it.

Shops throughout the globe have started copying American practices in the last few years because they've realized it's an effective strategy for getting customers to make large purchases all at once.

Some stores operate till the small hours of the morning, while others have specials every day of the week, if not the whole week.
 

What are people's reactions to it?

Despite the fact that some retailers like Black Friday, not everyone agrees, and the day typically goes horribly wrong.

When stores are crowded, customers must wait in line to enter. Websites crash and shoppers get into fights over what they want to buy.

Larger retailers, on the other hand, may be able to benefit from events like these, whereas smaller businesses may not be able to afford to lower their prices as much. Customers expect everyone to provide discounts on Black Friday since it is so well-publicized. However, not all businesses can afford to do so.

Finally, let me end this by wishing you a Happy Thanksgiving and that you enjoy Black Friday. Let us know your thoughts about Black Friday in the comments below. We'd love to hear about your experience.


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