The day after Thanksgiving (the fourth Thursday of November) is known as Black Friday. This is unofficially or officially the beginning of the holiday shopping season.In recent years, most major retailers have opened extremely early and
offered promotional sales to kick off the holiday shopping season,
similar to Boxing Day sales in many Commonwealth Nations.
Black Friday is not a federal holiday, but California and some other
states observe "The Day After Thanksgiving" as a holiday for state
government employees, sometimes in lieu of another federal holiday such
as Columbus Day.
Why it is called Black Friday ?
Closest reason as to why it is know as Black Friday is given in
Wikipedia
- "Many retailers report some of their highest profits on Black
Friday. The black portion of the name, "Black Friday" relates to
businesses recording their losses in red ink and gains in black. This
tradition lives on in modern accounting software, hence the name."
(sources: wikepedia)
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