Black Friday is the day after American Thanksgiving, November 25. It Kicks off the official holiday shopping season in the United States (and in most other countries as well). Some statistics show how much of an impact Black Friday has in the US economy: In the US, 30% of annual retail sales (at stores like Wal-Mart) occur between Black Friday and Christmas. In the US, about 99 million people planned to shop on Black Friday in 2016. In contrast, only 19 million Canadians planned to shop in previous years. The name of this holiday was coined back in 1966 by the Philadelphia police department, after years of witnessing massive traffic jams, and violence within local malls between people trying to purchase massively discounted items for the Christmas holidays. Although the violence isn't as extreme, Canada has welcomed the tradition and the name although the violence is not as extreme.
In quite a contrast, the origin of the “Black Weekdays” such as Black Monday and Black Thursday label significant days in history when the Dow Jones stock market average fell by more than 10%. Nowadays, Black Friday is a more positive outlook on the event. Companies caught on to the term, and started facilitating the term in their ads, to give it a more positive ring. They used the term as a symbol for what an accountant would call “profitable Friday”. Black is when profit is gained, red is when profit is lost. Even today though, violence still lingers around the "super-savings" that the event brings, depending on the retailers. In 2008, A man was trampled to death in front of a Wal-Mart in New York. In 2011, A woman pepper-sprayed her way through a crowd in a Wal-Mart in Los Angeles. In 2012, two people were shot outside of a Wal-Mart in Florida.
Sources:
Kozicka, Patricia. “8 Facts about Black Friday in Canada.” Global News, Corus Entertainment, 25 Nov. 2015, globalnews.ca/news/2358512/8-facts-about-black-friday-in-canada/. Accessed 23 Mar. 2017.
Kozicka, Patricia. “8 Facts about Black Friday in Canada.” Global News, Corus Entertainment, 25 Nov. 2015, globalnews.ca/news/2358512/8-facts-about-black-friday-in-canada/. Accessed 23 Mar. 2017.
Amadeo, Kimberley. “What Is Black Friday’s Sales Trends?” The Balance, About.inc, 24 Nov. 2016, www.thebalance.com/what-is-black-friday-3305710. Accessed 23 Mar. 2017.