November 26, 2015
What the Black in Black Friday means
The day after Thanksgiving is traditionally called "Black Friday". And it's the day when the competition really begins to get consumers to start really, really, spending money, usually by offering bargains.
And if you've wondered what the "Black" in Black Friday really means, it has nothing to do with people being trampled in stores, or the Black Death, or anything like that. It's simply an accounting term.
In accounting, losses are always written in red, and profits are written in black. No company wants to be "in the red", they prefer to be "in the black". And many companies don't start making a profit until the day after Thanksgiving, which is Black Friday.
So, on Black Friday, companies are hoping that the red wouldn't get any more use for that year, and that their companies would instead be making money - in the black.
Posted by Brad Hall