6 Fast Facts On Black Friday History
Many likened this day as the ultimate shopping spree date of the year. Shoppers and bargainers dedicate this day to get the best prices on TV sets, other electronics, and even jewelry.
For those who do not know, “Black Friday” dates back to the 1800s but not from a shopper’s perspective.
Two Wall Street big shots Jay Gould and Jim Fisk bought as much as they could their money and investors’ money on the gold prices with the hope of getting the biggest returns.
Their scheme was realized on that Friday, on the 24th of September causing a significant fall rendering most of their investors bankrupt.
The Day After Thanksgiving
Black Friday has always remained to be the day that comes after Thanksgiving in the United States of America and Canada.
Macy’s one of the big stores in the US started a culture of holding parades on the streets on the day of Thanksgiving. This was mostly to promote sales to the vast majority.
They had real-life reindeers that would also have Santa clause on its sleigh to also usher in the Christmas festivities. Since then, it has remained to be the norm for stores to market their promotional sales to encourage shoppers.
Here are some of the facts following the well-known Black Friday.
In the 1960s, the Philadelphia police brought life to the famous Black Friday. This was as a result of the chaos and confusion in traffic that ensued because of the Army-Navy football that took place every Saturday after Thanksgiving.
Tourists, shoppers would flock the city paving way for shoplifters and other ill-intended felons to take advantage of the situation.
They had to work extra hours to enforce law and order hence the name Black Friday.
Across the months of the year, shoppers have made it a tradition to buy compulsively on Black Friday. With the notion of reduced prices on merchandise, it has been a real driving force for many shoppers to buy in bulk.
Many end up buying merchandise that they would end up not using which would end up in the artic or on a garage sale. Retailers, on the other hand, have registered massive returns on this “official but non-official” shopping holiday.
Big store retailers mark this day as a transition from a “red ink” to a “black ink” as they would term it.
Value For Money
Even with the incentive of a discount, what matters is the value for money you get. It has been ironically established that you may get a discount, yes but manufacturers take advantage of this day to dispose of most of their substandard commodities.
A TV set might have a discount of up to 50%, from a known company but it is not what you think it is.
Many are advised to have a look at the serial numbers to fact check this.
The term Grey Thursday got life from the rise of stores over the past few years opening their doors on Thursday, the day of Thanksgiving. Retailers opened doors to shoppers as early as 6:00 am for shoppers who camped outside overnight.
In the 2000s, some went far to opening as early as 4:00 am.
As years went by, in 2011, stores like Target, Macy’s, Kohl’s, Best Buy and Bealls took it a notch higher to and opened the flood gates at midnight.
As if this was not enough, in 2012 Wal-Mart announced opening at 8:00 pm on the night of thanksgiving. This led to some states banning retail store to open before Friday for it caused a lot of commotion.
Changing The Norm
Due to the closing in of the Christmas holidays, it has been established that Black Friday shopping has been reducing significantly. This has forced most of the retailers to spread the discount window to start from early November to December.
They get to have sales all through the month but still have enticing discounts for the due date which is Black Friday.
Violence And Brawls
Shoppers and bargainers look forward to the D-day on their calendars. Having put up a list of merchandise to be purchased on this day, many have vowed to get all the commodities.
As a result, there have been cases of people being trampled to death, stampedes that have left many shoppers injured and worse, others getting shot dead.