Black Friday 2019: History and significance of this super famous sales weekend

Black Friday 2019: For years together now, the concept of 'Black Friday' has prevailed but not a lot of people know what it actually means. This super famous sales weekend falls the day after Thanksgiving Day.
Black Friday 2019: History and significance of this super famous sales weekendBlack Friday 2019: History and significance of this super famous sales weekend
  • 0
  • facebook
  • twitter
  • Share on whatsapp

There is literally no one in this World who is not fond of shopping. Like many put it, it is actually is therapy for a lot of people. Not just for women but men too are equally pumped and excited whenever there are sales going on. For years together now, the concept of 'Black Friday' has prevailed but not a lot of people know what it actually mean. This super famous sales weekend falls the day after Thanksgiving Day.  

The madness around this specific day is so much that we see dedicated shoppers going to an extent of taking a day off from their work to attend the sales. Be it high street or online brands, all of them make sure that they put forth a great deal and amount of discounts. Many online retailers already put on a considerable amount of discount to attract more customers. However, you can expect a further slash in rates when the sale officially starts on November 29th. While everyone waits for this pre-buzz Christmas craze not a lot of people know the actual history behind it. 

 

Black Friday History and importance:

To start off with, the term 'Black Friday' was actually associated with financial crisis and not actually a happy sales shopping. It so happened that two Wall Street financiers, Jim Fisk and Jay Gould brought a lot of US gold in the hope that the price would shoot up and when they sell it they'll be able to make huge profits. Things took a different turn when on Friday, September 24th, 1869, what then went on to be called as 'Black Friday'; the US Gold market crashed and Fish and Gould's action left the whole Wall Street Barons bankrupt. It wasn't until later that the post-Thanksgiving gained recognition with the name. 

 

 

It is believed that the US shoppers would always be in "red" throughout the year. However, post Thanksgiving, they'd always come into the red zone as shoppers would go all out in order to buy the discounted merchandise. The name Black Friday takes back to an incident that took place in the 1950s. Large herd of crowd and shoppers came to Philadelphia, a day after Thanksgiving. The crowd managed to create a lot of mayhem and chaos and the police officers had to extend their work timings as they were unable to control the crowd. Thus this is how, they ended up calling it Black Friday. Around 1980s the term became extremely popular amongst the masses and the retailers soon started linking it with the post Thanksgiving sales. The department store Macy's was the first to advertise post-Thanksgiving shopping in 1924, during their Thanksgiving Day Parade in New York. 

 

 

Here's all the inside information about Black Friday. The phenomenon has now spread all over the World. So what are you waiting for? Go out and splurge your money on all the stunning goodies!

"Stay in sync with the latest and hottest" & "SUBSCRIBE TO PINKVILLA"

Add new comment

Pinkvilla has updated its Privacy and Cookie policy. We use cookies to improve your experience on our site and show you Personalized advertisement.

Options

Pinkvilla has updated its Privacy and Cookie policy. We use cookies to improve your experience on our site and show you Personalized advertisement