Turkey, pumpkin pie and malls: the Black Friday phenomenon
Monday, November 19th, 2012In America, giving thanks and spending money, eating turkey and going shopping, have become seemingly interchangeable. Thanksgiving now stands as a two-package deal: a day to indulge in delicious food and a day to splurge at the mall on the deals of a lifetime.
While some roll their eyes in disgust at this display of American consumerism, others create strategic plans to conquer the masses at their local mall. Either way, Black Friday tops the charts as the biggest shopping day of the year.
By the numbers
The concept “Black Friday” originated in Philadelphia and refers to police and bus drivers stuck in a huge traffic mess caused by the convergence of holiday shoppers and football fans arriving in town for the annual Army-Navy football game. Since then, people claim retails stores use this day to bump their sales “into the black,” making them profitable for the year. In fact, Black Friday and Christmas sales account for 20 percent of retailers’ annual profit. (more…)