Black Friday is fast approaching, and in Palmer Square, you’re bound to discover countless sales and killer finds you’ll want to purchase for your family and friends.
While the many shops at Palmer Square will be offering incredible deals that you might not believe, here are some historic facts about ‘Black Friday’ that are pretty unbelievable too.
- The “Black Friday” tradition likely began in the 1920’s when department stores such as Macy’s and Eaton’s threw Thanksgiving Day parades to whet the appetites of consumers for a holiday shopping feast.
- It was an unwritten rule that no store would try doing any holiday shopping advertising before the parades were over, making the day after Thanksgiving the official start of the holiday shopping season.
- The term “Black Friday” first surfaced in 1951 to describe the practice of workers calling in sick on the day after Thanksgiving in order to have a four-day weekend.
- Around the same time in Philadelphia, the term was used by police, cabbies, bus drivers, and retail workers to to depict the horde of shoppers that descended into the city on the days following Thanksgiving.
- In the 1980’s, “Black Friday” was marketed to have gotten its name as being the day on which retailers finally began to show a profit for the year (in accounting terms, moving from being “in the red” to “in the black”) after operating at an overall loss from January through mid-November.
- Many merchants disliked the negative connotation of the phrase ‘Black Friday’ and tried to rebrand it as ‘Big Friday’.
- The success of “Black Friday” inspired merchants to invent new shopping holidays such as Super Saturday and Cyber Monday.