Friday, November 19, 2010

Black Friday 2010

Nov 17, 2010 Connie Spolar

Black Friday shopping - nuttakit

Black Friday shopping - nuttakit

Black Friday is the day after Thanksgiving which is the fourth Thursday in November. In 2010 Black Friday falls on November 26th. For many Americans, this is the start of the Christmas shopping season and is widely considered to offer the best sale prices of the season as well.

How Black Friday got it's name

Although the term Black Friday seems somehow ominous or scary, it really has a much simpler meaning. It is believed that the huge surge in shopping generates enough income for U.S. retailers to finally be 'in the black'. According to the Free Dictionary Financial Dictionary, in the black means: "relating to the profitability of a firm or the operations of a firm. The term derives from the color of ink used to enter a profit figure on a financial statement." So in simple terms, since U.S. Thanksgiving is always the fourth Thursday in November and the following day is highly promoted as the best day to go shopping thereby generating large amounts of revenue for retailers - you end up with the term Black Friday.

So what else is there to do on Black Friday?

Not every American is up at the crack of dawn and standing in line waiting for the stores to open. Since Thanksgiving day is the official holiday many employees have a regular work day on Black Friday. In addition, many employees often schedule a personal or vacation day for the day after Thanksgiving so they can have a four day weekend and spend time with family or possibly start decorating for the Christmas season.

Will I miss out on the sales if I don't go shopping?

The short answer is: no. While there are small signs that the global economy is strengthening, according to a Nov. 17, 2010 report by the Wells Fargo Research Team: "Growth in U.S. consumer spending has been held in check by weak growth in real disposable income." So what does that have to do with you and your Christmas shopping? It has lots to do with it! Retailers are interested in selling their inventory and while they may have some door crasher sales to encourage consumers to come to their store, you can rest assured there will be sales before and after Black Friday to entice you to spend your money.

Where do I find the best Black Friday deals?

There best deals depends in large part on what you are shopping for. If you do plan to brave the crowds then you should do your homework. Check out websites like Black Friday 2010 where you can find out about different sale ads from different stores and hopefully determine which store you want to go to first.

Shop without leaving home

As I mentioned earlier, retailers want to sell so don't think you have to run from store to store or line up at 3:00 AM to get sales. Check out your favorite stores online. Many retailers will offer free shipping so you can shop from the comfort of your own home.

Whatever way you choose to spend Black Friday, make the best of your time and shopping money and enjoy!

Copyright Connie Spolar. Contact the author to obtain permission for republication.

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