Black Friday is one of the most awaited shopping events of the year, and people usually plan their purchases around this time to get the best deals and discounts. Black Friday always falls on the Friday following Thanksgiving Day, which is celebrated on the fourth Thursday of November in the United States. This year, Black Friday is on 24th November 2023.
What is Black Friday?
Black Friday is a shopping event that originated in the United States in the 1950s. It is considered the unofficial start of the holiday shopping season, as it is the day when retailers offer huge discounts on their products. The term “Black Friday” refers to the day on which retailers’ accounting books would move from the “red” (losses) to the “black” (profits). Black Friday has since become a global phenomenon, with retailers in many countries offering special deals and discounts on this day.
History of Black Friday
The history of Black Friday dates back to the 1950s, when retailers in the United States began offering discounts to shoppers on the day after Thanksgiving. The term “Black Friday” was coined in the 1960s, and it became popular in the 1980s. In recent years, Black Friday has become an international shopping event, with retailers in many countries offering special deals and discounts to attract customers.
Why is Black Friday important?
Black Friday is important to retailers because it marks the beginning of the holiday shopping season, which is the most profitable time of the year for them. Many retailers offer their biggest discounts and deals on Black Friday to attract as many customers as possible. For shoppers, Black Friday is important because it allows them to buy products at a discounted price, making it an ideal time to purchase expensive items such as electronics and appliances.
How to prepare for Black Friday?
Preparing for Black Friday can be overwhelming, but with the right strategy, you can make the most of the day. Here are some tips to help you prepare for Black Friday:
- Make a list: Before Black Friday, make a list of the items you want to purchase, and prioritize them according to your needs. This will help you stay focused and avoid impulse buys.
- Research deals: Do your research before Black Friday to find out which retailers are offering the best deals on the items you want to buy. Make a note of the prices, so you can compare them on the day.
- Set a budget: Set a budget for your Black Friday shopping, and stick to it. This will help you avoid overspending and getting into debt.
- Sign up for email alerts: Many retailers offer email alerts to let customers know about their Black Friday deals in advance. Sign up for these alerts, so you can plan your shopping accordingly.
- Shop early: Many retailers offer early bird deals on Black Friday, so it’s a good idea to start your shopping early in the day to take advantage of these deals.
- Shop online: Avoid the crowds and shop online on Black Friday. Many retailers offer the same deals online as they do in-store, and you can shop from the comfort of your own home.
Black Friday is one of the biggest shopping events of the year, and it’s a great opportunity for shoppers to get discounts on their favorite products. By preparing in advance, setting a budget, and doing your research, you can make the most of Black Friday and get the best deals possible. Remember to prioritize your purchases and avoid impulse buys, and you’ll be able to take advantage of the biggest shopping event of the year.
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