Why is the day after Thanksgiving called "black" Friday?
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Answer:
On the day after Thanksgiving stores' bottom lines move from red (loss) to black (gain).
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Other answers
1) Stress from large crowds: "The earliest uses of "Black Friday" refer to the heavy traffic on that day, an implicit comparison to the extremely stressful and chaotic experience of Black Tuesday (the 1929 stock-market crash) or other black days. The earliest known references to "Black Friday" (in this sense) are from two newspaper articles from November 29, 1975, that explicitly refer to the day's hectic nature and heavy traffic. The first reference is in an article entitled "Army vs. Navy: A Dimming Splendor," in The New York Times: Philadelphia police and bus drivers call it "Black Friday" - that day each year between Thanksgiving Day and the Army-Navy game. It is the busiest shopping and traffic day of the year in the Bicentennial City as the Christmas list is checked off and the Eastern college football season nears conclusion. The derivation is made even more explicit in an Associated Press article entitled "Folks on Buying Spree Despite Down Economy," which ran in the Titusville Herald on the same day: Store aisles were jammed. Escalators were nonstop people. It was the first day of the Christmas shopping season and despite the economy, folks here went on a buying spree. . . . . "That's why the bus drivers and cab drivers call today 'Black Friday,'" a sales manager at Gimbels said as she watched a traffic cop trying to control a crowd of jaywalkers. "They think in terms of headaches it gives them." Both articles have a Philadelphia dateline, suggesting the term may have originated in that area." 2) Accounting practice: "Most contemporary uses of the term focus instead on the theory that retailers traditionally operated at a financial loss for most of the year (January through November) and made their profit during the holiday season. When this would be recorded in the financial records, once-common accounting practices would use red ink to show negative amounts and black ink to show positive amounts. Black Friday, under this theory, is the beginning of the period where retailers would no longer have losses (the red) and instead take in the year's profits (the black). (Retailers' profitability varies, but some retailers are indeed dependent on the holiday season for their profits.) This sense has been traced back to a November 26, 1982, broadcast of ABC News' World News Tonight, which said: Some merchants label the day after Thanksgiving Black Friday because business today can mean the difference between red ink and black on the ledgers. But this year hefty sales are vital not only to the stores but to the entire economy. Because the heavy traffic etymology is contemporaneous with the earliest known uses of the term, while the black ink theory apparently was not suggested until several years later, the accounting practice origin is unlikely to be correct." Source and further information: http://en.wikipedia.org/wiki/Black_Friday_%28shopping%29
iwnit
Why it is called “Black Friday” Some say it comes from the fact that it is the biggest shopping day of the year, putting stores firmly in the black. This is false, as the days closer to Christmas generate more in sales. For the true origins of the term, we have to dig back a few decades. Laurence H. Black was one of the best floor men in town, working in the men’s department of the old Osberger’s Department Store for over thirty years. He had been with the store since its humble beginnings as a menswear store on Richmond Avenue in the late 1920s. Except for a very brief stint in the service during World War II, he remained with the store as it grew, eventually settling into its later eight-floor retail palace on North Geary Street. Black was a fixture in the store, presiding over the suits, shirts, ties and millinery in his ever-present black suit (”That’s how they remember me. Black suit, Mr. Black, see?”) with a red carnation in the lapel. In a very cutthroat industry, his was one of those rare cases in which he was respected by everyone in the city’s retail trade, regardless of store affiliation. His reputation was even cemented throughout the region, as Osberger’s expanded in the 1950s and Mr. Black would often be called upon to train sellers at the various stores. But it was the downtown store he loved the most. He was typically one of the first there in the morning (just behind Wharton Osberger) and one of the last to leave, which is exactly as it was on November 27, 1964. Toward the end of his twelve-hour shift, as the massive brass clock overlooking the restaurant in the store’s Grande Center Court read 7:48 pm, Laurence H. Black collapsed, felled by a heart attack. Old man Osberger closed the store the next day and clerks at the city’s other retail palaces wore black in tribute. The following year, on the Friday after Thanksgiving, all of the employees wore black suits and dresses, highlighted by a single red carnation, with a moment of silence at 7:48 pm, a tradition that carried on year after year and was picked up by many other stores in the city. But, through many consolidations and sales and employee turnover and whatnot, the reason for the tribute and the tradition itself has been lost, save for a few old-timers who still remember. The small Osberger chain was dissolved in the early 1990s and the old parent company is now the owner of a chain of movie theaters in Australia. If you trace back through approximately fifteen mergers and acquisitions you’ll find that the old Osberger stores themselves are all now Macy’s. The central Osberger’s store on North Geary was converted to office space in 2001, after sitting vacant for a number of years. They’ve kept the central court and clock, however. - RJ White
uwrk4it
When Black Friday comes I'll stand down by the door And catch the grey men when they Dive from the fourteenth floor When Black Friday comes I'll collect everything I'm owed And before my friends find out I'll be on the road When Black Friday falls you know it's got to be Don't let it fall on me When Black Friday comes I'll fly down to Muswellbrook Gonna strike all the big red words From my little black book Gonna do just what I please Gonna wear no socks and shoes With nothing to do but feed All the kangaroos When Black Friday comes I'll be on that hill You know I will When Black Friday comes I'm gonna dig myself a hole Gonna lay down in it 'til I satisfy my soul Gonna let the world pass by me The Archbishop's gonna sanctify me And if he don't come across I'm gonna let it roll When Black Friday comes I'm gonna stake my claim I'll guess I'll change my name
Sheriff Raff -Answerhag
Thanksgiving is the last holiday of the year before the Christmas sales Boom. Stores that work on a loss now have a chance of going into the black.
Firebrand
being in the black means they are making money. black friday for many stores mean they will start making a profit. alot of stores depend on christmas season to make or break them.
roiboysatx
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