Several of you have asked me why the name "Black Friday", as if the name were something dreay or dreadful. Actually Black Friday is a term coined by retailers, and it is the day of the year that retailers usually finally move from being in the red (losses) to being in the black (profits). So it is a good thing for retailers. They are now making more money than they owe.
Black Friday, for retailers, is also an indicator of how Christmas sales will be for the year. Here in America, there is some growth this year, but not as much as last year. One of the reasons that there is not expected to be as much growth this Christmas season is because Thanksgiving began late this year, leaving less shopping days before Christmas. This has some retailers worried.
Some people mistakenly think that Black Friday is the busiest shopping day of the year. In actuality, it is about the fifth busiest. The busiest shopping days of the year are the two weekends before Christmas.
By the way, the most popular gift that people are choosing to get for others this year for Christmas?