Black Friday event is an informal name for the day following Thanksgiving Day in the United States. Which is celebrated on the fourth Thursday of November. They often regard this day as the start of the Christmas shopping season. Thanksgiving is a time for offering thanks and spending a break with family. Black Friday has become synonymous with deep discounts and special sales at retail stores.
On Black Friday event, many retailers offer significant discounts on a wide range of products. Including electronics, appliances, clothing, and more. In recent years, the Black Friday event has also extended beyond brick-and-mortar stores to online retailers. Many online platforms offer Cyber Monday deals as well.
Black Friday event
The term “Black Friday” originally referred to the heavy and disruptive pedestrian and vehicle traffic. That would occur on the day after Thanksgiving. Over time, the usage of the term evolved, and it came to signify the point. Which retailers would begin to turn a profit for the year? Moving from being “in the red” to being “in the black” in accounting terms?
While the Black Friday event can be an opportunity for consumers to find bargains and kick off their holiday shopping. It has also been associated with crowded stores, long lines, and sometimes incidents of unruly behavior. In recent years, some retailers have extended their Black Friday sales. To start earlier in the week or even on Thanksgiving Day itself. Leading to discussions about the impact on employees and the tradition of spending the Thanksgiving holiday with family.
Black Friday Pros and Cons
Black Friday, like any major shopping event, has both advantages and disadvantages. Here are some pros and cons associated with Black Friday:
- Deep Discounts: Black Friday is known for offering significant discounts on a wide range of products. This can be an excellent opportunity for consumers to save money on items they need or want.
- Early Holiday Shopping: Black Friday marks the beginning of the holiday shopping season. Allowing people to get a head start on their gift purchases and take advantage of lower prices.
- Doorbuster Deals: Retailers often offer special doorbuster deals, which are deeply discounted items available in limited quantities. These deals can be particularly attractive to those willing to brave the crowds.
- Tradition and Excitement: For some, participating in Black Friday shopping has become a tradition and a source of excitement. The thrill of finding great deals and being part of a shopping frenzy can be enjoyable for many consumers.
- Crowds and Chaos: One of the most significant drawbacks of Black Friday is the overcrowded stores and shopping centers. The rush to get the best deals can lead to chaotic and sometimes unsafe conditions.
- Limited Quantities: While doorbuster deals can be enticing, they are often available in limited quantities. This can lead to frustration and disappointment for shoppers who miss out on these deals.
- Consumerism and Impulse Buying: Black Friday can encourage a culture of consumerism and impulse buying. People might tempted to purchase items they don’t need simply because of the perceived savings.
- Impact on Employees: With the trend of stores opening earlier and extending sales into Thanksgiving Day. There are concerns about the impact on retail employees who may have to work during the holiday. Disrupting their time with family.
- Online Security Risks: As online shopping becomes more prevalent on Black Friday. There’s an increased risk of cyber threats, such as phishing scams and fraudulent websites. Consumers need to be vigilant about online security.
In recent years, there has been a growing awareness of the negative aspects of Black Friday. Leading to movements like “Buy Nothing Day” as a form of protest against overconsumption. Additionally, the rise of online shopping and the COVID-19 pandemic have influenced shopping habits. With more people opting for online deals and avoiding in-person crowds.