online shopping

Black Friday - The Day After Thanksgiving

By Linda McKinney 2 April, 2023 7 mins read

Black Friday is the important shopping day for most retailers. It falls on the day following Thanksgiving. In the past, retailers would write negative numbers in red ink, while the numbers with positive numbers would be written in black ink. Online retailers made an estimated $9 billion last year from Black Friday. Whether or not Black Friday still holds the same importance for retailers today is unclear. Many retailers are making the most of this day.

Shop on the day following Thanksgiving

The official start to holiday shopping is on the day following Thanksgiving. Thanksgiving Day has been traditionally a day of closing stores. But, retailers have had to create another shopping day because of competition. Many consumers object to the practice due to commercialization of Thanksgiving, the lack of family time on Thanksgiving Day and the fact many retailers are only open on Thursdays for doorbuster deals. Although they can't eat turkey and butter, shoppers will find it more enjoyable to shop the day after Thanksgiving.

The Sunday after Thanksgiving doesn't count as a holiday but it is still a busy day of shopping. Black Friday deals and extended hours are available at some stores. Some stores extend their hours on Sundays after Thanksgiving to give shoppers a full weekend. Some products can be discounted up to 70%. It's a good day to make last-minute gifts.

In recent decades, the day following Thanksgiving has become more popular. Despite it being so close to Christmas, retailers are wary. The reason for this shift is that retailers want to extend their holiday shopping season. Every store doesn't want to promote Thanksgiving before. In 1939, President Franklin D. Roosevelt issued a presidential proclamation moving Thanksgiving one week earlier. Many people continue to celebrate the traditional holiday of Thanksgiving. In recent years, however, more retailers have been releasing pictures of their day-after-Thanksgiving sales well in advance.

Market crash due to falling gold prices

September 24, 1869 was a day when the gold price fell sharply. This caused a market crash. Gold fell 20% in one hour, from $162 to $135 an ounce. Below is a photo of the blackboard that was used to illustrate the price drop. Many investors lost their hard-earned savings during the crash. Many investors lost their portfolios and the crash also caused the silver price crash.

Although it's not clear when Black Friday began, it is believed that it took place in 1869. Jay Gould in Wall Street, and Jim Fisk in Wall Street, purchased the nation’s gold for exorbitant price and then sold it. The crash resulted in a market crash in the United States that led to the bankruptcy of a large number of bankers, farmers, and Wall Street barons.

Fisk was also exonerated by the court. Fisk's purchase gold was not a violation, but a contract breach. Fisk's firm did not pay its investors the gold they received. This was in addition to a breach o trust. Gould sent his operatives to dump $50,000,000 of gold and precious metals and sold the gold to Fisk.

Influence of CyberMonday

Cyber Monday, also known as Black Friday, has been synonymous since its inception. Many online stores offer deals on both these days. Many retailers offer promotions on Cyber Monday and Black Friday, but most offer the same deals every weekend. Below are some differences between the two days. They share one thing: consumers are both dominated in bargain prices. So both days are important. Here are the top deals for both days.

Cyber Monday and Black Friday are becoming increasingly hard to tell apart, but there's still some products that shoppers should buy on either day. Cyber Monday is expected to surpass Black Friday in total spend by 2020 due to the higher prices. Adobe Analytics reports that U.S. customers spent $9 billion on Black Friday while Cyber Monday was $10.8 billion. No matter how the days overlap, it's important that you recognize that each day is not better than the next.

Both days have the same general shopping period but have different sales goals. Both events aim to offer low prices to consumers. Black Friday sometimes extends into Cyber Tuesday, but many retailers also offer October sales. Cyber Monday is being promoted by many retailers early. These days can offer huge sales opportunities. Cyber Monday is the largest online shopping day of the year. Retailers should take advantage of the trend and use it to their advantage.

Origin of the name

The word "Black Friday" first made an appearance in print in the early 1960s, originating in Philadelphia. The term had a negative connotation at first, since it was associated with the stock market as well as hostile crowds. The term gained momentum as retailers began to use it in "get-in the-black" terms. Many companies now recognize the term as a day of sales.

Black Friday, also known as Thanksgiving Day or the first day of Christmas, is today a well-known holiday. The term originally referred to a financial turn of events. The term first appeared in the late 19th century. It has nothing to do with the holiday. Its meaning was affected by the devastating crash in gold prices. However, "Black Friday" is still a popular term.

Black Friday is not used today to mean the day after Thanksgiving. The term's origin dates back the early 1950s. The term originated from Philadelphia, where it was used to describe the problems faced by police during the Army/Navy game and the holiday shopping season. It became a common term in the United States by late 1980s. It's often seen as a negative term. However, it has positive connotations which make it powerful.

Shopping online

Cyber Monday deals focus on tech items such as laptops and desktop computers. Cyber Monday retailers such as Amazon and Newegg will replicate these deals and enhance them further. These deals can be great, but remember to keep your receipts. You can save them in your wallet or handbag. Or, you can email them. It's a simple idea that will pay big. Here are some ways you can save money during the holiday season.

While older generations still prefer to shop in-store, the Millennial generation Z are starting to take advantage of Black Friday to make holiday purchases. They are planning to spend large, especially on gifts. Target will have higher online sales than Walmart on Black Friday. In a recent survey, 29% of women and 27% of men said they will make purchases on Black Friday in 2021. These numbers are even higher that they were last year.

Black Friday is not only for electronics and clothing. There are also options to shop at appliance and department stores online. The holiday season is busy for many, so it's a good time of year to stock up on appliances such as microwave ovens, instant pots, and air fryers. Staples stocks plenty of televisions as well as electronics on Black Friday. Walmart offers many toys, games, and accessories for non-digital playtime that are suitable for children.

Safety concerns

Black Friday is a time when people line up for hours in anticipation of opening. Not only should you be on the lookout for slippery surfaces, especially in parking areas, but you also need to be cautious for shopping carts that are not authorized and product displays that are too full. You can report any of these hazards immediately to store security or 911. If you are concerned, you can immediately take necessary precautions in order to avoid being injured. You should avoid shopping in stores that are not essential.

The main issue is the long queues. 47% of shoppers fear that they will contract the virus Covid-19 if they stand in long lines. 35% feel uncomfortable. Virtual queueing systems have been developed by brands to combat this problem. Office Depot Inc. has a virtual queueing program that customers can use to check wait times, join a queue and even manage their position using the retailer’s app. In addition to virtual queues, brands can replicate this by installing tablet-based sign-in kiosks.

One of the biggest safety concerns on Black Friday is the heightened risks of COVID-19 and a lack of crowd control. A new report revealed that nearly 25,000 Americans fall and slip every day on Black Friday. Slipping and falling on a slippery surface is more common in people with shoes. Also, items can easily fall off shelves. To help prevent such incidents, it's important to wear sturdy shoes, stay alert, and be sure to follow crowd control guidelines.

FAQ

What are the best days to go online shopping?

The best day to shop for clothes online is Sunday because you have time to browse around all the different stores and find what you want. On Monday you need to buy everything you need for the week ahead. Last-minute shopping should be done Tuesday. Wednesday is when you should start buying for Christmas. Thursday is the time to begin planning for Easter. Friday is the day to start planning for the summer holidays. Saturday is the day to start getting ready for school holidays. Finally, finish up any remaining tasks from the week on Sunday.

Do you think it is worth signing up to receive rewards and insider information wherever you shop?

While they can be a great reward, they aren't always worth the effort. If you do decide to join an online program, make sure there is value in what you are getting. You should know how much money and time you are spending on it.

You should not sign up for a rewards program just because you get a bonus. Sometimes, these bonuses are not worth the effort of applying.

Ask yourself why you are interested in joining rewards programs before you sign up. Many people join because their friends do it. If you don't have an interest in the company's products and services, you won’t be able to stay with it for long enough to reap the rewards.

Do you believe it is important to use coupons at grocery shops?

Yes, using coupons is definitely worthwhile as they can help you save money. It is important to realize that not every discount will be available. It's best to match coupons with prices on sale.

Coupons can be stacked together to maximize savings. Two $2/1 coupons can be combined to make a $4/3 coupon.

Where can I get coupons for online shopping

You have two options to locate coupons for online shopping. 1. Go directly to the site of the company that you want to buy from. 2. Search Google for coupon codes. Both methods work, but some websites may be easier to navigate than others.

Do I qualify for free shipping if my order exceeds $25?

Most major websites let you order items without shipping charges. Some websites even offer free shipping on some items. For free shipping, you must spend over $25. Many websites automatically apply free shipping for your entire order. Other websites require you enter the code “SHIPFREE” at checkout.

Statistics

A report from the U.S. Census Bureau found that in the first quarter of 2022, an estimated $250 billion was spent on retail e-commerce sales.1 (thebalance.com)
All items on AliExpress have an estimated delivery time on the product page, and it's usually anywhere from 20 to 60 days. (makeuseof.com)
Beyond that, you'll be liable for a 25% import tax. (makeuseof.com)
An approximately 90% increase in price affords Hotel X the opportunity of extreme profits under severe circumstances. (dos.ny.gov)

External Links

bbb.org

How To

Online shopping is safe?

Yes! The internet is one of the safest places to do business. You can easily protect yourself using security software, and keep your personal data private.

Because it allows people to shop online, they can get exactly what their heart desires without having to leave their home.

It is important that you remember that shopping online requires you to use commonsense and to take basic safety precautions.

For example, never give out your credit card number over the phone or email unless you initiated the transaction. You should hang up immediately if you get a call from someone pretending that they are your bank.

Don't send sensitive information via email, such as passwords or account numbers. Use a secure website instead to log in to your accounts.

Before you enter any personal information, make sure to inspect your browser's addressbar. You can sign up to receive free services from the Federal Trade Commission and the Better Business Bureau (BBB) if identity theft is a concern.

These organizations will monitor transactions and notify you if something suspicious occurs.

They will even inform you if someone attempts to steal or compromise your identity.

Here are some tips for avoiding being scammed.

Never send financial information via email or phone.
Don't click on links in unsolicited emails.
Do not click on any ads asking for personal information.
Never enter your password or PIN on a site you didn't initiate.
Always verify that you're on the correct website before submitting personal information.
Websites that require personal information to verify their legitimacy are not recommended.
Check all addresses and contact information before providing personal information.
Avoid hidden fees
Keep a copy for later reference.
Report fraudulent activity directly to the FTC and BBB, your local police station, and/or your state's attorney general.
Take advantage of discounts and offers when you shop online.