This year, Black Friday is especially important. It will signal whether the recession will continue to hurt retailers, since 18% of retail sales occur from Black Friday through Christmas. This year, the National Retail Federation is projecting a 1% decline, which is up a bit from last year's drop of 3.4%.
The name "Black Friday" is from accounting, which uses black to signal profit and red to signal loss. Black Friday has been the unofficial beginning of the Christmas season since the 1930's. In fact, President Roosevelt moved Thanksgiving up a week during the Great Depression because retailers wanted an extra week of shopping revenue. This pleased retailers, but irritated shoppers, who had to change plans.
What It Means to You
Black Friday is also a great day to get what you want for discounted prices. To find out where the best sales are, I've compiled the best resources from other About.com guides in this article: How to Find Black Friday Sales and Deals
- Black Friday FAQ
- Why Is It Called Black Friday?
- History of Black Friday
- How to Find Black Friday Sales and Deals
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