Why is the day after Thanksgiving called Black Friday and why does everything go on sale?
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I'm just curious why is The day after Thanksgiving called Black Friday and why does everything like go on sale its kind of akward to me.
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Answer:
It is called "black friday" for accounting reasons. If a company is "in the red" it means that they are losing money. If they are "in the black", it essentially means that they are making a profit. So on "black friday", the retailers all make profits due to volume of items sold (that is why the prices are so low on some things).
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Other answers
biggest sales opportunity black because it gets their sales out of the red
Tony R
it is the day all the xmas shopping freaks start being stupid
gunnerbstrong
crowds~to make money
red in accounting means negative cashflow. Black Friday is when most stores turn from being in the red to being in the black! Profits! Sales - because stores are competing to bring in more customers. There's money to be made!
yahooLulu
Everything goes on sale because they are trying to get rid of old summer clothes and bring in new winter clothes for December, January, and Feb.
Sarcasim
♥ ♥ from that day on the merchants are operating in the black instead of the red ♥ ♥
mom
the "sale items" are not on sale the items are marked up months in advance than around near the end of the year the stores markdown items to clear out the stock for inventory. this is very common through out the retail industry,.. Here is the best Inside secret , really the best time to shop is in the first two months of the year.
bleacherbrat34
It is typically called "black friday" because this is the day that retail companies go into the "black", also meaning that they make a huge profit; instead of being in the "red". It also is the kick off of the Holiday season shopping which also adds a profit for retail companies. The sales draw the shoppers in, which again produces a profit.
gidget673
I was wondering the same thing. I thought it was odd, and I had never heard the phrase before.
kinacl
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