Why is the day after Thanksgiving called 'Black Friday'?
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Answer:
Black Friday is the traditional kickoff of the Christmas shopping season. The sales are so high that it is the one day of the year that retailers are assured of being "in the black" - a term for earning a profit. Most stores and shops operate in the negative and are losing money for the entire year. Then the first day of the Christmas shopping season, their sales jump up enough so they make money or, as they say in accounting, they are "in the black." Many stores offer deep discounts on Black Friday and open their doors early. Some have started to offer Black Friday deals for multiple days. In the online shopping business, Cyber Monday is the equivalent to Black Friday. It refers to a financial term. Most stores and shops operate in the negative and are losing money for the entire year. Then the first day of the Christmas shopping season, their sales jump up enough so they make money or, as they say in accounting, they are "in the black".
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