just curious on this one...anyone know why? I googled it and the common response is because this is the day that business books go from being in the red to in the black, but I find that extremely hard to believe that anyone would operate a business for 11 months of the year when they are not making money.

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Thats what I always heard it was too.

Jimmy

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I think it's a bit misleading the way people typically describe Black Friday as the day a store finally turns from losses to realizing a profit. The typical retail business has a profit margin that is realized throughout the year, historically on average this runs around 10%, day after day, month after month.

But Black Friday can be seen as a date marking the final 10% of all the days of a year (365 * .10 = 36.5, approximately the number of days between Thanksgiving and New Year). So if you lump all the sales and expenses for the entire calendar year together and say that 10% of it represents the 'gravy (profit) on top' of the year, you could say the final 36.5 days are pure profit and every penny earned before that date was spent on paying costs.

Kevin

thanks Kevin, that makes more sense!

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Cyber Monday is a much easier term to define.

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i like cuteboy friday :P

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Interesting you asked, Luke. I wish I had the name of the program and sources for the following, but I only heard it briefly on a TV holiday program. So take this as a caveat, can't confirm it. Maybe others can supply more info.

It's accepted that Black Friday is the day when businesses are in the black not red, which is much nicer than what supposedly the original term came from. The term started about an event in Philadelphia on the day after Thanksgiving. So many shoppers were out that the city was not only congested but filled with dangerous accidents and mayhem. Many people were hurt, who knows if any died. It was named Black Friday (by the police? or in general) because it was a sad, dangerous day. I perked up when I heard this because I used to live there. (This happened LONG ago, who knows when, probably before I as born.) But the description was only brief.

Last edited by TPMtim on 11-29-2009 at 04:32 PM

Found a wikipedia source confirming the Philadelphia event. Look down the page for origin of Black Friday. http://en.wikipedia.org/wiki/Black_..._%28shopping%29

Tim, I read that wiki entry, but I find wiki is often a load of b.s., if you know what i mean

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Yes, Luke, I do know what you''e saying. I find wiki is handy and helps me understand some things, but the fact remains it is written by anyone. With Black Friday, I'm no expert on this, so just reporting what I heard. Personally, I suspect it's probably true but who knows. You are smart to be skeptical.