It’s Black Friday, the biggest day in retail. Here’s what to know

Views: 925

In This Story

Retail’s biggest spectacle is here: Black Friday.

Black Friday marks the start of the holiday shopping season, with massive deals, door busters, and discounts. This year, retailers are hoping these discounts will drive demand from budget-conscious shoppers who have cut back on non-essential items due to high inflation .

Suggested Reading

Donald Trump’s best and worst cabinet picks, according to an analyst

Suggested Reading

Here’s what to know.

The origin of Black Friday

Today, Black Friday revolves around discounts, but where did the holiday originate?

One popular theory suggests that the term “Black Friday” comes from accounting jargon, where “in the red” means retailers are losing money, and “in the black” means turning a profit. Another explanation ties the name to the chaotic crowds and traffic jams that became synonymous with the event. Regardless of its roots, Black Friday has evolved into one of the most anticipated shopping days in the world.

What happens on Black Friday?

What can shoppers expect when the big day arrives? Tons of deals.

Black Friday remains the ultimate opportunity for bargain hunters to score discounts on everything from electronics and home appliances, to apparel, toys, and beauty products. Notably, some of the best deals don’t have to break the bank . Retailers like Amazon ( AMZN-1.02% ), Walmart ( WMT+0.62% ), and Target ( TGT+2.80% ) are offering items for $50 or less.

How has Black Friday changed over the years?

Retail experts say Black Friday is no longer just a one-day event, but rather a full-fledged shopping season , as companies mark down items before and after. Research is key for those looking to make the most of the sales – know what you want, compare prices, and stick to a plan to avoid impulse buys .

“As we know it, Black Friday is officially dead,” said Jerry Sheldon, vice president of IHL Group, a global retail research firm. With many retailers offering “ Black Friday Deals ” online, sales on Cyber Monday are expected to outpace Black Friday itself.

How much money will shoppers spend on Black Friday and this holiday season?

The … Read More