shopping online

The Day After Thanksgiving - Black Friday

By Lisa Washington 10 April, 2023 7 mins read

The day after Thanksgiving, or Black Friday, is an important shopping day for most retailers. In the past the negative numbers of retailers were written in red ink. The positive numbers were written with black ink. However, last year, the day brought in an estimated $9 billion in profits for online retailers. It is not clear if Black Friday has the same importance today as it did in years past. Many retailers make good use of this shopping day.

The day after Thanksgiving is the best day to shop

Black Friday, also known as Thanksgiving Day, is the official day of holiday shopping. Traditionally, Thanksgiving Day is a day when stores are closed, but competition has forced retailers to add another shopping day. Many consumers also object to this practice. This is due to several factors, including the commercialization of Thanksgiving and the fact people don't get to spend Thanksgiving Day with their families. However, consumers can shop on the day after Thanksgiving, even if they don't get to eat turkey or butter.

The Sunday after Thanksgiving doesn't count as a holiday but it is still a busy day of shopping. Black Friday deals are offered by some stores, and many stores have extended hours. Some stores extend their hours on Sundays after Thanksgiving to give shoppers a full weekend. On certain products, you may find sales up to 70% off. It's a good day to make last-minute gifts.

In recent years, the day after Thanksgiving has been more popular than ever. Some retailers are cautious about this day, despite its proximity to Christmas. Retailers want to extend their holiday shopping season. This is why this shift has occurred. Every store doesn't want to promote Thanksgiving before. In 1939 President Franklin D. Roosevelt issued an executive proclamation announcing Thanksgiving one week earlier. Many people continue to celebrate the traditional holiday of Thanksgiving. In recent years, however, more retailers have been releasing pictures of their day-after-Thanksgiving sales well in advance.

Market crash caused by plummeting gold prices

On Sept. 24, 1869 the gold price plunged sharply, causing a market crash. The gold price dropped 20% in just an hour, dropping from $162 and $135 an ounce. Below is a photo of the blackboard that was used to illustrate the price drop. Many investors lost their hard-earned savings during the crash. Along with ruining many portfolios, the crash also caused silver prices to crash.

Although it's not clear when Black Friday began, it is believed that it took place in 1869. Two Wall Street financiers, Jay Gould and Jim Fisk, bought up the nation's gold and then sold it for exorbitant prices. The United States experienced a major market crash, which led to the bankruptcy and demise of many Wall Street barons, bankers, and farmers.

Fisk was also exonerated in court. Fisk's purchase of gold wasn't a violation of law but a breach contract. Fisk's failed to reimburse any investors for the gold he received was not only a breach in trust but also a breach of contract. In addition, Gould signaled his operatives to dump $50 million of gold and other precious metals, and he sold the gold to Fisk.

Cyber Monday: Influence

Cyber Monday, also known as Black Friday, has been synonymous since its inception. Many online stores offer deals on both these days. Many retailers offer promotions on Cyber Monday and Black Friday, but most offer the same deals every weekend. These are just a few of the ways each day is different. Both days are dominated with bargain prices. This is a common trait that consumers share. The best deals available on both days are listed below.

While Black Friday and Cyber Monday are becoming increasingly indistinguishable, there are still some products that shoppers should consider purchasing on either day. Cyber Monday was the most popular day for total spending in 2020. This could be due to Cyber Monday's higher sales. Adobe Analytics reports that U.S. customers spent $9 billion on Black Friday while Cyber Monday was $10.8 billion. It doesn't matter if the days overlap, but it is important to remember that neither one is better than the other.

They are identical, offering the same general shopping time, but with different sales goals. Both events are centered on offering low prices to consumers. Black Friday sometimes extends into Cyber Tuesday, but many retailers also offer October sales. Cyber Monday is being promoted early by many retailers. Both days offer great sales opportunities. Cyber Monday is the most popular day to shop online. Retailers should capitalize on the Cyber Monday trend.

Origin of the name

Black Friday appeared for the first time in print in early 1960s. It originated in Philadelphia. Initial use of the term "Black Friday" was negative because it conjured the stock market and hostile crowds of customers. However, it gained momentum in the 1980s, as retailers began to use the term in "get-in-the-black" terms. In fact, the term is now a widely recognized sales day for many companies.

Black Friday is commonly known today as the end of Thanksgiving and the start of Christmas season. However, the term was originally used to refer to a different financial turn of events. The holiday is not the origin of the term, as it was only used in the 19th century. The devastating crash of the gold market influenced its meaning. The term "Black Friday" has been used ever since.

Unlike today, when "Black Friday" is used to refer to the day after Thanksgiving, the term's origin dates back to the early 1950s. The term originated in Philadelphia, where police faced enormous headaches during the Army-Navy football game, and in the holiday shopping season. It was popularized in the late 1980s. Although many people view it negatively, its positive connotations make it even more powerful.

Online shopping options

Cyber Monday deals will be focused on tech items like laptops, desktop computers and gaming PCs. Cyber Monday retailers, including Amazon and Newegg, will duplicate these deals and improve them even more. These deals are fantastic, but make sure you save all receipts. You can save them in your wallet or handbag. Or, you can email them. It is easy to do and it will pay big. Below are some ways to save money on the holiday season.

While the older generations still prefer to shop online, the Millennials Z have begun to use Black Friday for holiday purchases. They plan on making large purchases, particularly for gifts. Black Friday sales will be more successful at Target than Walmart. A recent survey found that 29% of women and 27% respectively said they would make Black Friday purchases in 2021. The numbers are even higher than they were last year.

Besides electronics and clothing, other Black Friday online shopping options include department and appliance stores. People spend a lot of time at home over the holidays, making it a great time to purchase appliances such as instant pots, microwave ovens, air fryers, and microwave ovens. Staples offers a large selection of TVs and electronic items, including televisions. Walmart has a wide selection of toys, games, and non-digital playtime accessories for children.

Safety concerns

Black Friday is an important day for safety. There are people queuing up hours before shops open. You should be aware of slippery surfaces, especially in parking lots. However, you also need to watch out for overloaded product displays and rogue shopping carts. If you see any of these hazards, call 911 or report them to security. You will then be able to take all necessary precautions to protect yourself from injury. It is a good rule to avoid shopping in non-essential stores.

Queues are the main problem. On Black Friday, they may be particularly long. 47% of shoppers worry about the possibility of contracting Covid-19 when waiting in line. 35% are uncomfortable standing. Virtual queueing systems have been developed by brands to combat this problem. Office Depot Inc. has a virtual queueing program that customers can use to check wait times, join a queue and even manage their position using the retailer’s app. Brands can also replicate virtual queues by setting up tablet-based sign in kiosks.

Black Friday presents one of the most dangerous times for safety. There are increased risks from COVID-19 and lack of crowd control. A recent report found that 25,000 Americans suffer from slip and fall accidents every day on Black Friday. Slipping and falling on a slippery surface is more common in people with shoes. Also, items can easily fall off shelves. You can prevent such incidents by wearing sturdy shoes, being alert, and following crowd control guidelines.

FAQ

What gift cards can I use to shop online with?

Gift cards can also be accepted in many online stores. These cards can be used to buy products online.

You cannot redeem reward points with them.

Are there any tricks or tips that will help me save money shopping online?

The first thing you should do is create a list of things you need to buy. Then go through each item on your list and decide which one you prefer to buy at a lower cost. After you've made your decision, compare prices across different websites. Make sure you find the lowest price possible on each product.

Are there any privacy concerns when I shop online

It is important that consumers know the information they are sharing with companies like Amazon.com. It is important for consumers to ask themselves whether they are willing to share their personal information with companies like Amazon. If you don’t wish to share this type of information with Amazon, you might need to limit your shopping choices on sites where you feel safe sharing your private data.

Is it really necessary to register my creditcard number for online shopping?

You don't have to register for your credit card. You may want to register your credit card if you would like to receive discounts and special offers. It's a good idea that you verify your identity to your bank.

Are you convinced that it is important to use coupons in grocery stores?

Coupons can be a good way to save money. It is important to realize that not every discount will be available. You can match sale prices with coupons, which is the best thing that you can do.

Coupons can be combined to increase savings. Two $2/1 coupons can be combined to make a $4/3 coupon.

Is it worth signing up for rewards and insider programs wherever you shop?

Although rewards can be great, they are not always worth the effort. Make sure you get value for your money if you decide to sign up for an online program. Be sure to know what you will be spending your time and money on.

Don't sign up for rewards cards just because they offer a signup bonus. Sometimes these bonuses won't be worth the effort to apply for one.

Before you join a rewards program, think about why you want it. Many people join because friends are doing it. If you don't have an interest in the company's products and services, you won’t be able to stay with it for long enough to reap the rewards.

Statistics

According to the Federal Trade Commission (FTC), online shopping was the fourth most common fraud category for consumers as of February 2022.5 (thebalance.com)
The tax is automatically added once you click the checkout button, so factor in an additional 20% when looking at the product page. (makeuseof.com)
Last Black Friday, I bought a stove from Lowes at 40% off, receiving 24 months of interest-free financing (from Lowe's). (meetfabric.com)
Beyond that, you'll be liable for a 25% import tax. (makeuseof.com)

External Links

How To

Is shopping online safe?

Yes! Yes, the internet is one of most secure places to do business. It is easy to use security software to help protect yourself and keep your private information safe.

Online shopping has become very popular because it allows people to get exactly what they want without leaving their homes.

You should remember to use common sense while shopping online. Also, be sure to follow safety precautions.

Never give out your credit cards number by phone or email, unless you initiated the transaction. You should hang up immediately if you get a call from someone pretending that they are your bank.

Never send sensitive information such as account numbers or passwords via email. Instead, log on to your accounts through a secure website.

Before you submit any personal data, it is a good idea for your browser to scan the address bar. You can sign up to receive free services from the Federal Trade Commission and the Better Business Bureau (BBB) if identity theft is a concern.

These organizations will monitor transactions and notify you if something suspicious occurs.

They will notify you if anyone attempts to steal and identity.

These are some tips to help you avoid being conned.

Never give out financial information via phone or email.
Never click on links within unsolicited emails.
Be wary of ads that ask you for personal information.
Never enter your password or pin on a site you haven't created.
Before you submit personal information, make sure that you verify that it is the right site.
Sites that ask for personal information to prove their legitimacy should be avoided
Before providing any personal information, please verify the addresses and contact information.
Watch out for hidden charges.
Keep copies of your receipts so you can dispute unauthorized charges later.
Report fraud activity to the FTC/BBB, your local law enforcement department and/or your state attorney General.
You can take advantage of online discounts and deals when you buy.