“Black Friday” originally referred to stock market crashes
The term “Black Friday” was first used in the USA on September 24th 1869, when a stock market crash caused by two speculators, Jay Gould and James Fisk trying to corner the market in gold.
The result was an ill-thought out response by the US government of the time, who flooded the market causing huge price drops and the loss of several fortunes. Maybe something to bear in mind this year before splashing all your cash in the sales.
It’s not just a big day for stores
Although the retail sector is the most obvious beneficiary of the shopping craze that is Black Friday, there’s another profession who find themselves busier on this day than at other times of year - plumbers.
That’s right, a combination of the oncoming winter and the likelihood of large groups of guests visiting the household means that many homeowners find their plumbing has given up the ghost the day after Thanksgiving.
Expect high call out charges and long delays if your Black Friday spending has to include plumbing repairs!
You won’t always bag the best deals
A 2014 ShopAdvisor report revealed that as many as 42% of products they surveyed were actually available at a lower price in the four weeks leading up to Black Friday, and many were also lower in the lead up to Christmas - with discounts up to three times as much in some cases.
Clever shoppers take note - you might want to ensure you do your research before being tempted to buy that big ticket item on the day itself - it’ll most likely pay off.
Black Friday is moving online
Over the last ten years there has been a steady shift away from traditional brick-and-mortar stores for Black Friday shopping, with an increasing number of people opting to stay home, avoid the crowds and choose their sale items via the convenience of a laptop or smartphone.
In store shopping saw a 1% decrease from the previous year in 2017 - this year the balance looks likely to shift even further. In 2017, Black Friday online sales stood at $5.03 billion, an increase of 16.9 percent from the year before. So if you’d rather not brave the crowds and potential disruption, you’re not alone.
And if you are in the mood for some sales shopping online, we’re got you covered. Check out the great deals available in the Porto Brazil Black Friday Sale.