Listen to this while you read and laugh at funny pics!
Black Friday used to start the day of thanksgiving, at midnight ON FRIDAY. According to information I read, stores and retailers have been offering immense deals long before the actual time of Black Friday. Did you know that the name “Black Friday” originally came from the collapse of the U.S. gold market in 1869. in 1961 Philadelphia police used black friday to describe chaos, and congestion, streets became flooded by shoppers headed to big retail stores for deals. Black Friday became the way it is today in the 80’s and 90’s.
Gray Thursday is deals that take place online and in stores on the day of Thanksgiving, which is the day before Black Friday. Cyber Monday are days where the sales last for just the day after Black Friday, and all sales are only online
I did Black Friday this year, and bought my first ever smartphone, even though I didn’t wait in a line for hours on end until a store opened, I still technically participated, because I went to “Gray thursday,” and not black friday. The huge crowd was not as enormous as it has been in the past few years before this most recent Black friday, in 2014. Statistics have shown that sales have dropped at least 11 percent since last years Black Friday. That’s from over $57 billion down to over $50 billion in sales (worldwide). Over 133 million people shopped in stores, and/or online over the weekend, that is approximately 5 percent fewer than the number of shoppers than last year.
I would assume that the drop in shoppers, and sales is a result of that fact that people got either injured, killed, or robbed in previous years of Black Friday. I also feel like the numbers have dropped because gray thursday, and cyber monday were created. But I can understand that Gray thursday, and cyber monday were most likely created because of the incidents that happened on the previous Black Friday years.
I like this quote “You can try to get the consumer to spend earlier. But that doesn’t mean there’s more money in their pockets,” said Marshal Cohen, chief industry analyst at the NPD Group, a market research company. This is true, and I feel that this is another reason why “Black Friday” isn’t as popular as it used to be.