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Tuesday, December 29, 2009

Black Friday Facts! Do you think you know what Black Friday is?

                        
Think you’re an expert on Black Friday? Here are some fun facts you probably didn’t know:
Many people mistakenly believe that the name Black Friday is derived from the fact that it’s the day when most stores’ revenues rise out of the red (net losses for the year) and into the black (net profits). The truth is that the name Black Friday probably comes from a tongue-in-cheek comparison to the chaos and confusion of Black Tuesday (the day the stock market crashed in 1929).

Black Friday is generally considered to be the busiest shopping day of the year, but this is not always the case. The last Saturday before Christmas is usually the busiest shopping day of the year, but Black Friday always ranks among the top five.

Exact figures are hard to determine, but most experts agree that over 150 million shoppers hit the stores on Black Friday weekend and they spend an average of over $300 each.

More and more people are choosing to avoid the lineups on Black Friday and to do their shopping on Cyber Monday, the unofficial start of the online Christmas shopping season. Other opportunities to avoid crack of dawn lineups and still snag a great deal include check out Walmart’s pre-Black Friday sales starting Saturday, November 7 2009. Each week six exclusive items from Blu-Ray Disc players to Xbox 360 consoles are offered at deep discounts in limited quantities.

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