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black Friday

noun;
the Friday following Thanksgiving. The tradition of black Friday has existed for quite a long time, although only recently has it gained significant media attention. It refers to the Friday after Thanksgiving where many chain retailers slash prices on goods of all sorts in the hopes of increasing profits due to the highly increased volume of sales. Black refers to accounting terminology: if a company is ‘in the red,’ it is operating at a loss. If it is ‘in the black,’ it has made a profit for the given time interval being examined. (This comes from when all accounting was done on paper – red ink drew attention to losses, and black indicated normalcy.) Thus, black Friday is a day when retailers, if they are indeed operating ‘in the red,’ they hope to return to ‘the black.’
 
I’m going to get mobbed at Best Buy tomorrow – it’s black Friday.
Etymology : black Friday. Novel formation.
Source : A friend
Last modified: 10 June 2008


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