This year Black Friday is on November 24, 2023. Black Friday falls on the Fourth or on last Friday of November every year. it falls traditionally, the day after Thanksgiving holiday, which falls on the fourth or last Thursday of November every year.
Origin of Black Friday
The day following the American Thanksgiving holiday, which has historically been a holiday for many workers, is known as “Black Friday.” Still, why?
According to Business Insider, “Black Friday” was initially associated with a financial collapse in the late 1880s. Two speculators, Jay Gould and Jim Fisk, raised the price of gold, which caused a market meltdown on Friday, September 24, 1869. Farmers suffered, international commerce was halted, and the stock market plummeted. After that, the day was called Black Friday.
In the US, it usually signals the beginning of the Christmas shopping season. Many businesses open early, often as early as midnight or even on Thanksgiving, and offer heavily advertised sales at discounted pricing.
Black Friday wasn’t connected with post-Thanksgiving shopping until the 1960s, when big crowds flocked to Philadelphia’s streets before of the yearly Army-Navy game to take advantage of store bargains, as reported by the AP.
Retailers attempted renaming the day Big Friday due to the link with economic downturns and the term “black,” such as Black Friday 1969, according to The New York Times.
Date of Black Friday
In the US, Black Friday always occurs the day following Thanksgiving. This implies that while Black Friday’s actual date varies each, it always falls between November 22 and November 28.
Understanding Black Friday
On Black Friday, merchants frequently run exclusive online and in-store sales. Many businesses operate in the hours before dawn on Black Friday to attract customers. To keep up with the competition, some retailers go so far as to stay open through out Thanksgiving holiday, while others start offering deals earlier in November.
Duration of Black Friday, Cyber Monday ?
Black Friday is followed directly by Cyber Monday on November 27, 2023. Technically speaking, as soon as Cyber Monday begins, Black Friday ends. The best discounts are usually limited to these two days (and the weekend between them); however, some deals stick around through the end of the following week.
Cyber Monday
Cyber Monday is kind of like Black Friday for online shoppers – it’s the day after Thanksgiving when you can get great deals on all kinds of stuff. It’s been around since 2005, and it’s quickly become one of the most popular shopping days around.
Impact of Black Friday and Cyber Monday
Black Friday and Cyber Monday have a significant impact on the retail industry. In 2022, Black Friday sales totaled $9.12 billion in the United States, and Cyber Monday sales totaled $10.72 billion. These two days are responsible for a large portion of the annual holiday shopping season.
Black Friday and Cyber Monday Shopping Tips
Here are a few tips for shopping on Black Friday and Cyber Monday :
- Do your homework: Before you go shopping, spend some time learning about the items you are interested in and comparing costs across several stores.
- Establish a budget: Make a spending plan for yourself and follow it. Spending too much money is simple when you are inundated with offers.
- Shop early: On Black Friday and Cyber Monday, the best discounts are frequently available early in the day.
- Be patient: Due to the high volume of traffic on Black Friday and Cyber Monday, be ready to wait in queue.
- Profit from offers offered online: A lot of companies provide even better discounts on their websites than they do in-store.
Conclusion
The two biggest shopping days of the year are Black Friday and Cyber Monday. You will save money and have a successful shopping experience if you follow these tips.