What is the meaning of Black Friday?
Black Friday is a special sales holiday in Australia with massive discounts and special offers on all products in stock. Black Friday marks both the end of a financial year and the actual year since it marks the beginning of the end of the year holidays and sales. It typically happens after Thanksgiving and marks the beginning of Christmas shopping.
Black Friday is widely celebrated as the biggest shopping day of the year. Since most businesses have to finalise their yearly budget from "red" to "black" after Thanksgiving, the unsold stock is largely discounted to minimise loss (red). Businesses use Black Friday to rake in more sales for the end of the year by offering special deals and discounts on purchases.
When is Black Friday?
Black Friday happens on November 25, the day after Thanksgiving.
How is Black Friday Celebrated?
Black Friday isn't an official holiday that's culturally celebrated. Rather, Black Friday is celebrated as a shopping fest where businesses (online and retail) hold special sales such as "Buy One Get One Free", "Half-Price Sale", and "Early Bird Special". Shoppers are often eager for the Black Friday Treasure Hunt that offers massive discounts of up to 90%.
Which Stores Have Black Friday Sales?
Virtually every retail and online store holds Black Friday sales. Stores in Australia, the United States, and virtually everywhere in the world offer Black Friday sales with discounts as high as 75% for large stores and 20% for boutique shops.
Large stores such as Target, Walmart, Macy's, Best Buy, and Saks Fifth Avenue are known for their Black Friday discounts. Online stores like Amazon and Wayfair are not left out in the Black Friday frenzy.