Happy Black Friday! With phone apps and newspaper ads, door busters and early bird specials, how could you not get caught up in the hype? The average American dishes out nearly $400 during this holiday weekend. Not only is this Friday going to be a steal for consumers, it’s also extremely lucrative for retailers!
Historically, the term “Black Friday” originated from retailers who depended on this day to pull their numbers into the black – the first day of the year when their businesses would turn a profit. Friday kicks off the holiday buying season with a bang and in recent years our economy has depended on this sales spike. All signs point to huge profits this year. Stores like Walmart are opening as early as 10pm on Thanksgiving Day, as an attempt to beat the competition to the first consumers.
P.S. The first Black Scribe contest will be taking place very soon!