• Home
  • About
  • Blog
  • Resources
  • Contact

Playground Financial Planner

  • Home
  • About
  • Blog
  • Resources
  • Contact
History of Black Friday

History of Black Friday

Nov 26, 2019 | Posted by Julia Prescott | Budgeting & Cashflow, Life & Legacy |

If you saw my previous post, you know I don’t do Black Friday, but I do have pretty awful FOMO about it. Curious about its origins, I delved deeper into its history.

I always believed that it was called Black Friday, because most of the year the stores are in the red (running at a profit loss), but there is sooooo much shopping the Friday after Thanksgiving that they made it to Black (operating with profits up). I was shocked to find out that this was a rumor and a lie created in the late 1980’s by the retail industry to make Black Friday sound better. (I hate when I fall for things like this!)

The truth is the term “Black Friday” came out of the Philadelphia Police Department in the 1950’s. All the people from suburbia, slammed into the city on Friday trying to get their shopping finished before the Army-Navy Game on Saturday. This created total chaos. The traffic was terrible, the stores were smashed full of people, and the shoplifters were out in full force taking advantage of the mess. Because of this, no police officer was allowed to have the day off, and they had to work extra hours!

Around 1961, the term caught on throughout the city, and the retailers tried to change the name to “Big Friday”, but as you know, this was useless. The rest of the country started calling the Friday after Thanksgiving “Black Friday” around 1985. Giving up on the whole “Big Friday” thing, the retailers spread the story most people know today about being in the red and that Friday turning their profits around. Most retailers are in the red all year. (I can’t imagine you worrying that Target going out of business or even hurting in say April.)

So help me spread the truth at your Thanksgiving Table, and look super smart in front of the relatives!

Tags: black fridayHistoryshoppingThanksgiving
0
Share

About Julia Prescott

This author hasn't written their bio yet.
Julia Prescott has contributed 29 entries to our website, so far. View entries by Julia Prescott.

You also might be interested in

Buyer Beware

Buyer Beware

Dec 5, 2018

It is December and everyone is going nuts.  If you[...]

Black Friday or Blah Friday

Black Friday or Blah Friday

Nov 20, 2019

Confession: I do not Black Friday Shop. I don't want[...]

Welcome to Playground Financial Planner

Through my blog, I plan on connecting with other stay-at-home moms and women out there to help educate them about financial literacy and planning. It is our job to be our spouse’s or partner’s support system in protecting our families against financial crisis and strengthening our financial position in the process.

Follow Me!

Latest Posts

  • The Millennial Crisis
  • The Refi Dilemma
  • The Presidents 4 “Gifts”of Economic Relief
  • Missing 2nd Round of Relief
  • CARES Act and You

Categories

  • Budgeting & Cashflow
  • Health & Wellness
  • Investing
  • Life & Legacy
  • Risk Management
  • Taxes

Contact Us

We're currently offline. Send us an email and we'll get back to you, asap.

Send Message


“If you have faith the size of a mustard seed…. nothing will be impossible to you.” Matthew 17:20

© 2018 · Playground Financial Planner.

Prev Next