What is Black Friday?

Answer 1

Black Friday (happens in America) is when everything goes on sale or in other words clearance which makes people wake op early to buy things on clearance.

It's about stores claiming to have really good sales. However, it is criticized for not having large quantities of the sale items. This event happens in most major stores the day right after Thanksgiving.

Another view

Black Friday usually refers to the day after Thanksgiving, the official start of the holiday shopping season. Stores offer deep discounts and sell a few products at a loss in order to entice shoppers to spend.

"Black" derives from old accounting slang, "in the black," first used in 1926 (the term was first applied to holiday shopping in the late 60s or early 70s). When a business is operating at a loss, it is said to be "in the red," referring to the way negative numbers were recorded in accounting ledgers; when a business is making a profit, it is said to be "in the black," and the ledger shows positive numbers recorded in black ink. Black Friday is often the day retailers finally begin making a profit for the year, shifting their status from being "in the red" to being "in the black." In the retail industry, most of the profit is made during the five-week period between Black Friday and the end of the year.

The sales figures from Black Friday are compared to previous years and used as a barometer to predict how much shoppers will spend during the holiday season.