When we hit the day after Thanksgiving, shopping takes over… at least historically nationwide[ surprise!] and, this year, analysts are paying extra attention to sales figures since the news has been so negative about the economy.
Dubbed “Black Friday” in reference to red ink representing loss and black ink representing gain, today’s start to the Christmas [again... I am not afraid to call it Christmas] Shopping season and it is believed to be the day that retailer balance sheets finally cross over to profitability. [I never quite understood why you would stay in a business that wasn't profitable until the 12th month of the year... but... okay.]
But the accounting connotation of the phrase “Black Friday” wasn’t its original usage — it’s a media-coined term.When the phrase was first used in Philadelphia in 1975, it was in reference to the day after Thanksgiving being the busiest shopping and traffic day of the year.There’s other Black Friday trivia out there, too:
Did you know?
Black Friday is neither the largest, nor the most profitable, shopping day of the year. Contrary to popular wisdom, it’s the 5th biggest, not the first. The two weekends before Christmas are usually the “biggest” series of days.
Did you know?
Read the Did You knows here:
Lighthearted After-Thanksgiving Trivia
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Chris Brown
All Around Good Guy
Trinity Mortgage
153 Parliament Loop#1001Lake Mary, Florida, 32746
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Work: 407 377 0500 x 210
Chris@OrlMtgPro.com
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