What is Black Friday ? It’s Importance and When it is occurring in 2022

The term “Black Friday” originated in Philadelphia. In the early 1960s, Philadelphia police griped about the congested streets, clogged with motorists and pedestrians heading to the Army-Navy football game and looking for deals post-Thanksgiving, calling it “Black Friday.” According to History.com, Philly’s biggest department stores tried to steer away from the negative name and call it “Big Friday,” but the rebranding didn’t stick.

black friday sale technogsecurity.com

When Is Black Friday occurring in 2022?

Black Friday always occurs the day after Thanksgiving, but the exact date changes from year to year. In 2022, Black Friday falls on November 25. The shopping holiday occurs on November 24 in 2023, November 29 in 2024, and November 28 in 2025. 

Why Is Black Friday Important?

The money spent by consumers on Black Friday is seen as a measure of the economy. It gives economists a way to gauge consumer confidence and discretionary spending.
In a non-retail sense, it also describes the 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.

Why is it called Black Friday?

Since the start of the modern Macy’s Thanksgiving Day Parade in 1924, the Friday after Thanksgiving has been known as the unofficial start to a bustling holiday shopping season. As noted above, the term “Black Friday” (in the retail sense) was coined in the 1960s by Philadelphia police dealing with crowds of shoppers, but many look at the name through an accounting lens too. “Black” refers to stores moving from the “red” to the “black,” back when accounting records were kept by hand, and red ink indicated a loss, and black a profit.

The best Black Friday deals are, surprisingly, not on Black Friday. Many retailers, including Amazon, offer sales earlier and earlier, upstaging Black Friday itself. The competition has gotten so fierce that stores have innovated new ways to get your dollar, sometimes starting much earlier in the year.

Black Friday is an informal name used to describe the day after Thanksgiving. It’s often the busiest shopping day of the year because it kicks off the holiday season. This day can be crucial for the economy, especially for certain retailers.

Black Friday VS Cyber Monday

 The Monday following the weekend after Black Friday is known as “Cyber Monday,” when many people buy gifts online, and it has become a shopping event in itself. It’s typically the biggest online shopping day of the year, and in some years it has surpassed Black Friday in terms of total sales.

Black Friday

  • Refers to the day after Thanksgiving
  • Focused on sales in brick-and-mortar stores and online
  • Busiest holiday shopping day of the year in total shoppers

Cyber Monday

  • Refers to the Monday following Thanksgiving
  • Focused on online sales
  • Shoppers spend more money than they do on Black Friday
While Cyber Monday may be known for its online shopping, Black Friday has its fair share of digital purchases as well. About 88 million shoppers reported ordering online during Black Friday in 2021. In 2020, more than 100 million shopped online on Black Friday, up from 93.2 million people in 2019

 Is Black Friday considered a holiday?

Black Friday is not considered an official holiday. Some companies offer the day off after Thanksgiving, but it is not a federally recognized holiday. For obvious reasons, people working in retail sector don’t get a day off on Black Friday.

Leave a Comment