Tips from a Lending Expert – What is Black Friday?

The day after Thanksgiving has been known as the unofficial start to the bustling holiday shopping season since the first modern Macy’s Thanksgiving Day Parade in the 1920’s. Many retail stores operate in a deficit financial position for most of the year, not turning a profit until the big kickoff to the Christmas shopping season on the day after Thanksgiving. When accounting records were kept by hand, red ink indicated a loss and black ink indicated a profit, thus on the day after Thanksgiving the financial position for many retail stores went from a red status to black, thus the most common meaning of “Black Friday.”


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