why is it called Black Friday?

[Lifer]

it sounds so negative.

 

[Aves]

Retail store balance sheets move from red to black.

 

[FeathersMcGraw]

Might just be urban legend, but I heard that it's when retailers make up most of their holiday sales, hence they will be "in the black" on the ledger sheet.

 

[FoBoT]

Originally posted by: aves2k
Retail store balance sheets move from red to black.

black is "positive" when it comes to finances/balance sheets

its a Good Thing :light:

 

[maziwanka]

what the. i didnt know this.

 

[DanTMWTMP]

ahh i never knew that...thx for the thread and thx for the info :beer:

 

[InverseOfNeo]

Originally posted by: FeathersMcGraw
Might just be urban legend, but I heard that it's when retailers make up most of their holiday sales, hence they will be "in the black" on the ledger sheet.

I would say thats a good meaning.

 

[TubStain]

Yeah always thought being in "the green" was positive for finance, then read some articles and books and realized that being in the black is the terminoilogy. I still can't get used to it though.

 

[shuan24]

Thats the day all men on earth dread.

 

[Encryptic]

It's the prequel to the movie Black Sunday. 😉

 

[bleeb]

Is itsome kind of racist reference??

 

[Aves]

Originally posted by: bleeb
Is itsome kind of racist reference??

WTF

 

[Feanor727]

Originally posted by: Lifer
it sounds so negative.

I take it you've never worked retail. Either that or you're one of the freaks who actually enjoys getting up and standing in line in the bitter cold in front of a store at 5:00AM. Or possibly you're from a 3rd world country and have no notion of american con$umeri$m. In any case, despite the nice little "positive" platitudes about retailers moving into the black, it really is the worst shopping day of the year...

 

[FoBoT]

Originally posted by: shuan24
Thats the day all men on earth dread.

i just sleep through it

my wife gets up and 4:30 am , meets up with 2-3 friends, they go buy stuff , she gets home by ~8-9 am , i am still in bed

no sweat

 

[Encryptic]

Originally posted by: bleeb
Is itsome kind of racist reference??

Yeah, it's a black national holiday.

 

[Smolek]

Originally posted by: FeathersMcGraw
Might just be urban legend, but I heard that it's when retailers make up most of their holiday sales, hence they will be "in the black" on the ledger sheet.

Actually, it's just because that is when they start to make money. The busiest shopping day of the year is now the Saturday before. The day after Thanksgiving has dropped to the 4th busiest.