Why did Black Friday become so popular?

For millions of people Black Friday is the time to do some serious Christmas shopping -- even before the last of the Thanksgiving leftovers are gone! Black Friday is the Friday after Thanksgiving, and it's one of the major shopping days of the year in the United States, falling anywhere between November 23 and 29. In 2020,Black Friday falls on Nov. 27.While it's not recognized as an official U.S. holiday,many employees have the day off,except those working in retail.

The term "Black Friday" originated in Philadelphia.In the 1960's,police in Philadelphia griped about the congested streets, clogged with motorists and pedestrians,calling it “Black Friday.” In a non-retail sense,it also describes a financial crisis of 1869:a stock market catastrophe set off by gold spectators who tried and failed to corner the gold market,causing the market to collapse and stocks to plummet.

As retailers began to realize they could draw big crowds by discounting prices, Black Friday became the day to shop,even better than those last-minute Christmas sales.Some retailers put their items up for sale on the morning of Thanksgiving,or email online specials to consumers days or weeks before the actual event.The most shopped for items are electronics and popular toys,as these may be the most drastically discounted.However,prices are slashed on everything from home furnishings to apparel.

More and more,consumers are choosing to shop online,not wanting to wait outside in the early morning chill with a crush of other shoppers or battle over the last most-wanted item.Often,many people show up for a small number of limited-time "door-buster" deals,such as large flat-screen televisions or laptops for a few hundred dollars.