It was started as just a “BIG CHRISTMAS SALES” day many years ago. It was dubbed “Black Friday” because more and more businesses made a profit on that day this their accounting would all be in “black” ink instead of red which indicated a loss. As things progressed it turned into pretty much all businesses doing some kind of big sales events on that day. It’s almost entirely due to Christmas purchases but people now delay buying some stuff during the year to then go buy it on BF thinking they will get a better deal. When in reality the merchants know this and raise the prices beforehand so they can then say everything is on sale when really it might only be slightly cheaper if at, from the normal price.
It was started as just a “BIG CHRISTMAS SALES” day many years ago. It was dubbed “Black Friday” because more and more businesses made a profit on that day this their accounting would all be in “black” ink instead of red which indicated a loss. As things progressed it turned into pretty much all businesses doing some kind of big sales events on that day. It’s almost entirely due to Christmas purchases but people now delay buying some stuff during the year to then go buy it on BF thinking they will get a better deal. When in reality the merchants know this and raise the prices beforehand so they can then say everything is on sale when really it might only be slightly cheaper if at, from the normal price.