Why Black Friday is Called Black Friday and The Benefits

As the Thanksgiving feasts wind down and the aroma of pumpkin pie lingers in the air, a different kind of tradition takes center stage—the frenzy of Black Friday. Originating in the United States, Black Friday has evolved into a global shopping extravaganza, captivating bargain hunters and retailers alike. But why is it called Black Friday? In this Japan Figure article, we unravel the history and mysteries behind this post-Thanksgiving shopping phenomenon, exploring its roots and the reasons why Black Friday is called Black Friday.

1. Why is Black Friday called Black Friday?

The term "Black Friday" has a few different theories about its origin, and none of them are definitive. One popular belief is that the term originated in the 1960s in Philadelphia, USA, where it was used to describe the heavy and disruptive pedestrian and vehicle traffic that occurred on the day after Thanksgiving. This day marked the official start of the holiday shopping season.

There are some theories to explain why Black Friday is called Black Friday

Another theory suggests that the term "Black Friday" comes from the world of accounting. In this context, "black" refers to turning a profit, and "red" is used to signify a loss. Retailers traditionally operated at a financial loss (in the red) from January through November, and it was only during the holiday shopping season that they began to turn a profit (in the black). Therefore, the day after Thanksgiving became known as Black Friday.

Over time, the term Black Friday has become synonymous with major sales and discounts offered by retailers on the day after Thanksgiving, and it has grown into one of the busiest shopping days of the year in the United States and many other countries. That's the reason why Black Friday is called Black Friday.

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2. Duration of Black Friday

In recent years, the traditional boundaries of Black Friday have transcended the confines of a single-day shopping extravaganza, evolving into a notable international phenomenon that extends its influence from Friday through Monday. This extended period of retail fervor has given rise to what is commonly referred to as Cyber Monday, a day marked by a surge in online shopping and digital deals.

Black Friday is a good chance to go shopping at exclusive prices

What was once a mere 24-hour retail sprint has now blossomed into a four-day retail marathon, capturing the attention and wallets of consumers worldwide. The amalgamation of Black Friday and Cyber Monday has become a strategic approach for both brick-and-mortar stores and online retailers, offering a seamless transition from in-store doorbusters to virtual shopping carts.

3. Is Black Friday Limited to One Day?

Originally occurring the day after Thanksgiving, Black Friday, slated for November 24, 2023, has expanded beyond its initial confines. While the core deals still center around Black Friday, numerous retailers have adopted an extended approach, offering discounts throughout the entire weekend and on Cyber Monday. This shift allows consumers a more extended window to capitalize on exceptional savings.

Black Friday long lasting some day

4. Why is Black Friday good?

What are the benefits of Black Friday? Black Friday sales offer several benefits for both consumers and retailers:

4.1 Discounted Prices

One of the most obvious benefits is the opportunity for consumers to purchase products at significantly discounted prices. Retailers often offer substantial discounts on a wide range of products, making it an ideal time for consumers to make purchases they've been considering.

4.2. Savings on Holiday Shopping

Black Friday falls at the beginning of the holiday season, making it a strategic time for consumers to start their holiday shopping. Many people take advantage of the sales to buy gifts for friends and family at lower prices.

Black Friday brings a host of benefits for customers

4.3. Economic Stimulus

Black Friday sales can stimulate economic activity by encouraging consumer spending. This surge in shopping can be beneficial for retailers and the economy as a whole, boosting sales and potentially creating jobs.

4.4. Marketing and Brand Promotion

Black Friday is an excellent opportunity for retailers to promote their brands and attract new customers. Marketing efforts, such as advertising special deals and promotions, can increase brand visibility and draw attention to the business.

4.5. Online and In-Store Traffic

Black Friday traditionally attracts large numbers of shoppers both online and in physical stores. This high level of traffic can benefit retailers by increasing sales and providing valuable insights into consumer preferences.

While there are benefits, it's important to note that Black Friday sales can also lead to crowded stores, long lines, and a frenzied shopping environment. Additionally, not all deals may be as good as they seem, so consumers should still exercise caution and make informed purchasing decisions.

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5. When is Black Friday ongoing in 2023?

Is Black Friday on the horizon for 2023? Indeed, in the United Kingdom, the eagerly anticipated shopping event is slated to commence on November 24. This four-day retail phenomenon promises an array of bargains, captivating shoppers until the stroke of midnight on November 27, coinciding with the grand finale of discounts known as Cyber Monday. As the countdown to this expansive shopping extravaganza begins, consumers can anticipate a multitude of opportunities to snag exceptional deals, both in-store and online, during this annual retail spectacle.

Black Friday 2023 event is coming

On the Japan Figure website, Black Friday is coming this November with hot spectacular deals for our valued customer. Are you waiting? Follow us for more updated information - Don't miss out!