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What is Black Friday?
Posted by kirat92 • 12/06/08 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: black friday
I just came across some Blog Catalog threads about Black Friday.
What is Black Friday?
Living in India, I don't know what it is all about.
User Comments
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In America, it's the day where unruly mobs of people descend on shopping malls at an ungodly early hour in the morning, and froth themselves into a spending frenzy to collect presents to give away on the day when it was collectively decided that the birth of some carpenter guy who lived a couple thousand years ago should be commemorated.
This follows the day on which many thousands of ugly birds and innocent cans of cranberry-like sauces are sacrificed to celebrate the time when a bunch of people who really liked that carpenter guy sailed to America to have dinner with the natives, and nobody had died from hypothermia, smallpox or gunshot wounds. Yet.
Of course, I'm always too sentimental about these sorts of things. -
The day after Thanksgiving in the United States - the busiest shopping day of the year - for Christmas, that is.
en.wikipedia.org/wiki/Black_Friday_(shopping) -
The Friday after Thanksgiving in America is called "Black Friday," because that is considered to be the day when a typical retail business will stop operating 'in the red,' with expenses greater than income, and start operating 'in the black,' with income greater than expenses.
There's a pretty good discussion of the term, in that sense, at ( 74.125.95.132/search?q=cache:ijKz4fGxNW4J:www.jmu.edu/sbdcenter/Journal%252... ).
The actual day when a business starts turning a profit during a calendar year may come at any point - or not at all, of course. However, in American culture, buying habits make late November and all of December the time when most retail businesses start making more than they spend.
There are quite a few other things that "black Friday" means, including one that's almost the opposite of the more common meaning.
Americans who are involved in financial matters may use "black Friday" to mean a sharp loss in financial markets ( www.tiaa-crefbrokerage.com/invest_glosry_BfBo.htm ). -
You know what's funny, in India Black Friday is associated with a very bad day, the day of the 1993 Mumbai blasts.
In fact, whenever the stock market loses too much in a day, the newspapers call it Black Monday/Wednesday/Friday... there is a movie, Black Friday about the blasts in Mumbai.
Cultural differences, neat.
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