Black Friday, also known as Black Friday deals 2022 UK is the busiest holiday shopping day of the year. It falls on the Friday following Thanksgiving. Although it’s not an official holiday, many people are granted the day off, with the exception of those who work in retail. Black Friday in 2022 is Friday, November 25, 2018.
How did “Black Friday” come to be?
Many believe the term was first used by police officers and drivers of public transportation in Philadephia in 1960. The term was originally used to describe the terrible traffic jams that plagued cities on the day after Thanksgiving. However, it was used to describe businesses that made a profit in the 1980s.
Accounting used a red pen back in those days to record negative balances (losses) in ledgers. Negative balances were also known as gains and were entered in ledgers with a red pen. After receipts were tallied, and revenue began to flow in for the year the company is now “in the black.”
Companies that make a profit are known as “in the black”.
Black Friday is an important day for brick-and-mortar shops. Before the year ends, retailers need to get a lot of support in the retail sector.
Black Friday is a great way to turn around a bad season. Holidays are the most popular time to shop. To encourage shoppers to shop until the last drop, coupons, steep discounts (real or imagined), and quantities and time limits on essential products can all be used to lure them into shops.
Some shops open as late as midnight on Thanksgiving night. These marketing strategies have a price: Black Friday has become synonymous both with holiday cheering and flaring tempers.
Black Friday can be chaotic, particularly when it comes to doorbuster deals.
Cyber Monday, Hello!
Online retailers wanted Cyber Monday’s shopping holiday around Thanksgiving weekend to make sure they were not left behind. Now you can shop in-store Friday and order online the following Monday. They did. And the advantage is that they did. Adobe data shows that shoppers spent $10.8 Billion on Cyber Tuesday 2020, a substantial increase over the $9.4 million in 2019. Experts believe that consumers will spend less due to the 2020 pandemic, economic uncertainty, and other factors.
Spending predictions for 2021 are $11.8 billion
A Young Spending Holiday
Cyber Monday was founded in 2005, despite being relatively young. Cyber Monday allows customers to search for holiday deals online.
They did it from their homes computers. This is because people prefer the faster internet at work over the slower internet at home. Your boss won’t be surprised to learn that you shop online on Monday. It’s possible that she will be shopping online for gifts.
