Home Business News 10 Crazy facts about Black Friday

10 Crazy facts about Black Friday

by Purvai Dua
23rd Nov 18 11:04 am
  1. Black Friday is the annual shopping extravaganza when shoppers ( and doorbusters) grab top bargains on clothes, electronics, gadgets, food items either online or from the retail store.
  2. The name “Black Friday” was first used in September 1869 as a way to describe a stock market crash that occurred on that date. Later, police officers started calling it “Black Friday” because they dreaded the extra traffic and congestion around the city on this day.
  3. The US-inspired Black Friday is the day after Thanksgiving Day. This year, it is being celebrated today- November 23.
  4. A decade ago, stores would even open at 5am on Black Friday! This has modified over the years, with some retailers starting to operate even at midnight.
  5. Did you know more than three-quarters of UK retailers participated in some promotional activity or another last year, while some started promoting the event as early as Halloween!
  6. This year, however, many retailers will not be participating in any Black Friday promotions but would rather invest in year-round lower prices.
  7. About a quarter of those shoppers will put their purchases on to credit cards, according to a KPMG study.
  8. Last year, the UK’s overall spending during the sales weekend was up 11.7 per cent from £1.39bn on the previous year. Many expect this year’s sales to exceed 2017 numbers.
  9. For those who may not be able to make the most of this year’s Black Friday, worry not because immediately after that we will have the ‘Cyber Monday’ dedicated to online deals and offers.
  10. What else, happy shopping!

Leave a Comment

You may also like


Sign up to our daily news alerts

[ms-form id=1]