Black Friday is the beginning of the Christmas shopping season, following Thanksgiving Day in the United States. But why do we call this Friday as ‘black’?
‘Black Friday’ comes from an accounting term, as in accounting, the colors used to represent profit and lost are black and red. Red means the company is losing money, whereas black means it’s making a profit.
Black Friday represents the day that retail businesses stop losing money and start making profit.
To prove that December is the most profitable month, retail analyst Dana Telsey of Telsey Advisory Group said that the Thanksgiving weekend can make up as much as 10 percent of all holiday sales, while the 10 days before Christmas can account for 40 percent of the total.