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Black Friday is a shopping holiday that many of us look forward to year after year, eagerly anticipating the best prices on medicines and other high-tech gadgets. This is the time when you will find the best discounts for almost everything.
The landscape of Black Friday is changing this year. The National Retail Federation reported that as inflation concerns rise, consumers are shopping earlier for holidays in an effort to save money and avoid any price increases due to inflation. The sales will continue through November and December.
Adobe suggests that Thanksgiving is the best day to shop for medical supplies, but that Friday is the best time to buy. Wait until Saturday if you are looking for good health.
You can shop for sales now or wait until Thanksgiving and Black Friday. But many deals that look great are often not as good as advertised.
You don’t have to worry, Consumer Reports has been following Black Friday deals for many years and knows all the tricks. These top 10 this shopping tips can help you find the best deals and reduce frustration (and overspending) to a minimum.
Get Social
You can find exclusive deals and promotions on the Facebook, Instagram, and Twitter pages of your favorite retailers. Customers who follow or like retailers will receive special discounts and incentives. You can also share Black Friday shopping information with your friends via text, tweets, and social media posts.
Why is it called Black Friday?
The day following Thanksgiving–commonly referred to as Black Friday–has become one of the busiest shopping days of the year in the United States. In an attempt to attract shoppers to their stores, national chain stores offer limited savings on a wide range of goods. They also offer similar deals online.
Many believe that is a term that refers to businesses that are at financial loss or “in red” until Thanksgiving when they turn a profit or become “in the black.” But this is false.
The term was coined by officers the describe the chaos caused when thousands of tourists from the suburbs came to Philadelphia to shop for holiday gifts and to attend the annual Army-Navy football match. Police had to work longer shifts because of the large crowds. They also had to deal with accidents, traffic jams, shoplifting, and other problems.
Black Friday was used to indicating a positive increase in retail sales. However, this phrase didn’t become popular until the 1980s when retailers started spreading the red-to-black profit narrative. Black Friday was the day that stores started to make a profit and it was the largest shopping day in the United States. The truth is that most stores had their highest sales Saturday before Christmas.
Black Friday has been accompanied by other shopping holidays in recent years.
Black Friday had another connotation in the past, and it is not related to shopping. Jay Gould, a Wall Street financier, and Jim Fisk, a Wall Street financier, attempted to control the nation’s New York Gold Exchange gold market in 1869 by purchasing as much precious metal as possible. Their goal was to send prices skyrocketing. Their plan collapsed on Friday, September 24 thanks to President Ulysses S. Grant. The stock market immediately plummeted, causing thousands of Americans to go bankrupt.
