Black Friday 2023: History, date and significance of annual sales day

Customers in the United States look forward to Black Friday each year as it is a major cultural and economic event. 

Black Friday marks the start of the Christmas shopping season in the United States and many stores provide sales at discounted prices and open their stores, as early as midnight or sometimes even on Thanksgiving.

Black Friday is considered the busiest shopping day of the year in the country.

Here's more about the date, history and significance of Black Friday:

Black Friday 2023: Date

Black Friday falls a day after Thanksgiving, in the United States, and will fall on November 24, this year.

Black Friday 2023: History

As the week before Thanksgiving nears, leading brands, online retailers and other stores start releasing Black Friday deals. But how and where did the term Black Friday originate?

There are many stories surrounding the origins of the name Black Friday. Some believe that Black Friday got its name since retailers stopped encountering losses and began providing big discounts to customers. Others believed that good deals on this day would lead to significant profits since they were recorded in black while losses were marked in red.

The credit for the name Black Friday is given to the Philadelphia Police, who coined the term 1950s to emphasise the chaos that happens a day after Thanksgiving.

Black Friday 2023: Significance

Customers in the United States look forward to Black Friday each year as it is a major cultural and economic event. Black Friday not only represents the hunt for deals but also marks the beginning of the holiday season and the shared tradition of Christmas shopping.

Also read: Black Friday sale: Best phone deals under Rs 50,000 on Croma