Why is the day after thanksgiving called Black Friday?

Why is the day after thanksgiving called black friday?

  • Answer:

    It is supposed to be the day where companies move from deficits to profits for the year, going from the red to the black.

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Other answers

Black Friday refers to the beginning of the period in which retailers are in the black (i.e., turning a profit).

Kenya Kardos

Black Friday was when retailers went from being unprofitable, or in the red, to being profitable, or in the black.

Edward Roberson

Black Friday is one of the most profitable days in retail. The opposite of operating in the red, hence "black friday".

Black Friday is the day after Thanksgiving in which retailers make enough sales to put themselves "into the black ink."

Michelle Irwin

It refers to the store's bank accounts. Stores may be "in the red" all year and Black Friday brings them back "in the black".

The day after Thanksgiving is when retailers become profitable.Businesses once recorded losses in red and gains in black ink.

Lucy Lieb

It's the day holiday shopping begins and the stores go out of the “red� and into the “black� on their profit and loss statements.

Black Friday is official start to the holiday shopping season when stores are looking to increase sales (black) vs in hole (red).

Brian Kain

It is called Black Friday because for many stores it will be the first time that year they run in the black. AKA make a profit.

Bruce Amaro

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