Since then, the day has evolved into one of the most profitable days for retailers and marks the beginning of the holiday shopping season for many. In the late 1980s, retailers worked to change the negative connotation to reflect businesses going from operating “in the red” (at a loss), to “in the black” (generating profit) as a direct result of shoppers spending so much on discounted items the Friday after Thanksgiving. The term Black Friday, coined in the 1960s, first represented the history of pedestrian chaos on the Friday after Thanksgiving. If you’re reading this, it’s already too late – Best Buy’s best buys started last night… But don’t fret – there are still plenty of Black Friday deals worthy of leaving the house (including Best Buy which re-opens at 8 a.m.)īut first – where did all the midnight shopping madness come from?
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