Soon, soon it is here! SQOOMs Black Friday! Black Friday, the day everybody is waiting for! When did this day become one of the biggest shopping days even in Europe? Let’s take a look at the Black Friday phenomena and, of course, what SQOOM will do during Black Friday this year with celebrations from Black Friday through Cyber Monday.
Black Friday – How it all started
Black Friday, the day that we are eagerly looking forward to, is one of the busiest shopping days throughout the year. Black Friday is a colloquial term for the Friday following Thanksgiving Day in the United States. Many stores offer highly promoted sales on Black Friday and open very early, sometimes as early as midnight, or even on Thanksgiving Day.
The phrase “Black Friday” to signify a positive boost in retail sales didn’t grow nationwide until the late 1980s when merchants started to spread the red-to-black profit narrative. Black Friday was described as the day stores began to turn a profit for the year and the biggest shopping day in the United States. In truth, most stores saw their most significant sales on November 26 on the Saturday before Christmas.
In recent years, Black Friday has been joined by other shopping holidays, including Small Business Saturday, which encourages shoppers to visit local retailers, and Cyber Monday, which promotes shopping online. Source: Wikipedia
Historically, Black Friday has yet another connotation, one unrelated to shopping. In 1869 Wall Street financiers Jay Gould and Jim Fisk attempted to corner the nation’s gold market at the New York Gold Exchange by buying as much of the precious metal as they could, with the intent of sending prices skyrocketing. On Friday, September 24, intervention by President Ulysses S. Grant caused their plan to fall apart. The stock market instantly plummeted, sending thousands of Americans into bankruptcy. Source: Brittanica
So Black Friday is not a new phenomenon even though it has grown tremendously in the last few years!
Black Friday around the Globe
In recent years, the adoption of Black Friday has become more and more prevalent globally. Currently, of the world’s 195 countries, an estimated 50-60% “celebrate” Black Friday in some form or another.
For example, Europe, the United Kingdom, France, and Germany started to adopt Black Friday within the last three to four years. Central and South American countries have also started promoting Black Friday. In addition, China and southeastern Asia participate in Black Friday, and almost half of Africa celebrates Black Friday somehow. Source: Junglescout
Black Friday is, in other words, a globally celebrated event that we look forward to for the special offers that can be found and as a start of the holiday season.
Black Friday Countdown at sqoom.com
We are online and present for Black Friday! From Thursday night through Cyber Monday. Ready to deliver your Premium Products straight to your door! With free worldwide shipping, of course. Stay tuned and Welcome to visit our Webshop for our Special Black Friday Offers on November 26!