What Is the History of Black Friday?
The History of Black Friday Started Earlier Than You Think
The history of Black Friday started much earlier than people think. The day after Thanksgiving was the unofficial beginning of the Christmas season since the late 19th century. President Lincoln designated the Thanksgiving holiday as the last Thursday in November.
It wasn’t called Black Friday then. That’s because the name was associated with September 24, 1869. Two speculators created a boom-and-bust in the gold market.
In 1905, Canadian department store Eaton’s began the first Thanksgiving Day parade by bringing Santa on a wagon through the streets of downtown Toronto. In 1913, eight live reindeer pulled Santa’s “sleigh.” By 1916, seven floats representing nursery rhyme characters joined Santa in the parade.
In 1924, the Eaton’s parade inspired Macy’s Department Store to launch its famous Thanksgiving Day parade in New York City. Macy’s wanted to celebrate its success during the Roaring 20s. The parade boosted shopping for the following day. Retailers had a gentleman’s agreement to wait until then before advertising holiday sales.
In 1939, during the Great Depression, Thanksgiving happened to fall during the fifth week of November. Retailers warned they would go bankrupt because the holiday shopping season was too short. They petitioned President Franklin D. Roosevelt to move the Thanksgiving holiday up to the fourth Thursday.
Unfortunately, by this time it was late October. Most people had already made their plans. Some were so upset that they called the holiday “Franksgiving” instead. Only 32 states followed FDR’s move. Others celebrated two holidays, which forced some companies to give their employees an extra day off.
In 1941, Congress ended the confusion. It passed a law that made Thanksgiving the fourth Thursday in November no matter what.
In the 1950s, people began calling in sick the day after Thanksgiving, essentially giving themselves a four-day weekend. Since stores were open, as were most businesses, those playing hooky could also get a head start on their holiday shopping — as long as the boss didn’t see them. Rather than try to determine whose pay should be cut, and who was legitimately sick, many businesses started adding that day as another paid holiday.
Contrary to some accounts popularized on the Internet, Black Friday was not originally the day where slave traders gave discounts at auctions.
The Black Friday name itself didn’t become famous until 1966. That’s when a story appeared in an ad in The American Philatelist, a stamp collectors’ magazine. The Philadelphia Police Department used the name to describe the traffic jams and crowding in the downtown stores. 
Statistics say there’s a good chance you do one or both. According to the National Retail Federation, 154 million consumers shopped online or in store over Thanksgiving weekend 2016. The most popular shopping day was Black Friday, when approximately 114 million – 74% of all Thanksgiving weekend shoppers – visited a store or retail website.
Why is Black Friday so popular? The short answer: because it’s the traditional kickoff day for the holiday shopping season. Historically, it’s also been the best day to find great deals on the year’s hottest toys, games, and electronics. You don’t have to look any further than our own Black Friday shopping guide to see why.
Black Friday is great for budget-conscious shoppers. On the other hand, when you think about it, it’s weird that one day in particular emerged as the paramount American shopping holiday. What gives?
I’ve long wondered about the origins and evolution of Black Friday, so I decided to look into it for myself. Here’s what I learned.
Who Said “Black Friday” First?
The term “Black Friday” predates e-commerce, suburban shopping malls, and even city-center department stores. In fact, according to The History Channel, the first recorded use of the term “Black Friday” had nothing to do with holiday shopping.
In 1869, two unscrupulous oligarchs conspired to corner the American gold market, which was at that time the basis for the U.S. dollar. So elaborate and far-reaching was their scheme that some members of then-president Ulysses S. Grant’s family were implicated. The plot finally unraveled on Friday, September 24, sending U.S. financial markets into a tailspin, ruining countless investors, and tanking the broader economy. That dark day came to be known as “Black Friday.”
Into the Black?
Nearly a century would pass before “Black Friday” earned its present connotation. It’s long been held that retailers took to calling the day after Thanksgiving “Black Friday” because the day’s heavy shopping volumes invariably pushed their financials “into the black” – profitable territory – for the year. This makes a lot of sense, but it’s not supported by the evidence.
The Real Reason Black Friday Is “Black”
The likelier story is more provincial.
In 1950s Philadelphia, Thanksgiving weekend was a mob scene. The Army and Navy college football teams celebrated their fierce rivalry each year with a neutral-ground clash in Philly on the Saturday after Thanksgiving. The day before, thousands of people from surrounding communities – and Army or Navy devotees from farther afield – would flood into the city in anticipation of the big game. They’d take the opportunity to stock up on clothes, home goods, and other gift-able items at central Philly’s many retail shops and department stores.
Even in a big city like Philadelphia, the annual wave of shoppers and fans was enough to clog streets and strain local health and safety resources. City cops “would have to work extra-long shifts dealing with the additional crowds and traffic,” writes Sarah Pruitt for The History Channel. “Shoplifters would also take advantage of the bedlam in stores to make off with merchandise, adding to the law enforcement headache.”
In other words, Black Friday wasn’t a great day to be a public servant in mid-20th century Philadelphia. By the 1960s, locals had taken to calling the chaotic day after Thanksgiving “Black Friday.” Amid the intense racial and social tensions of the time, this wasn’t the most flattering descriptor. Local politicians and business leaders even sought to rebrand the day “Big Friday,” a happier construction. But it didn’t stick; “Black Friday” did. As retailers grew, merged, and sprouted roots in the suburbs – more on that below – the term spread to other cities and eventually entered the national lexicon.
Black Friday: Changes Over the Years
Black Friday isn’t a static holiday. Its evolution reflects decadal socioeconomic shifts that have fundamentally altered the fabric of American society.
The Department Store Model: Holiday Shopping in the Early to Mid 20th Century
When Roosevelt and Congress moved Thanksgiving back a week, holiday shopping was a pretty straightforward affair. Brick-and-mortar retailers clustered in city centers, often in compact retail districts or broad commercial avenues. Smaller cities and towns had small, but still vibrant, shopping districts where locals could get most of what they needed for the holidays.
To get luxury and specialty items, folks who lived out in the sticks had to travel to the nearest big city or use mail-order shopping catalogs, the precursors of online retail. For a time, you could buy pretty much any nonperishable item you wanted in the Sears & Roebuck catalog – even prefabricated houses.
Big-city shopping districts were anchored by department stores – vast, multistory temples to commerce. Department stores sold clothing, cosmetics, jewelry, home goods, appliances, and much more. With a single visit to a department store and a few side trips to specialty retailers, you could take care of your entire holiday shopping list in a single day.
The day after Thanksgiving was a natural time for shoppers to head into town and hit the department store. Most families were still together from the prior day’s feast, and few middle-class folks were required to work. The not-at-all-commercial Thanksgiving parade was fresh on shoppers’ minds.
During department stores’ heyday in the early 20th century, the industry was highly localized. (At one point, Alabama alone had about a dozen homegrown department store chains, some with multiple locations.) To entice shoppers out of their turkey-induced slumber, every store would run its own post-Thanksgiving promotions. Even before it got its name, Black Friday was a day for deals.
Dispersion: Black Friday Goes Suburban
In the decades following World War II, millions of Americans fled crowded, unsafe central cities for greener suburban pastures.
One of the unintended consequences of this mass migration was the dispersion of brick-and-mortar retail out of downtown shopping districts. The first enclosed, climate-controlled shopping mall opened in 1956, in a Minnesota suburb (per the Minnesota Historical Society). Within a generation, hundreds of imitators – many far larger and more upscale – sprouted up across the United States.
In the 1980s and 1990s, large-format “big box” stores like Walmart, Target, and Best Buy proliferated around and between regional and superregional malls, fleshing out the country’s ever more competitive suburban retail landscape.
It was during this period that Black Friday came into its own – and when the term “Black Friday” finally settled into its contemporary connotation. Signs advertising blowout Black Friday deals (and insanely early opening hours) proliferated in urban and suburban shopping districts. By the turn of the 21st century, images of devoted deal-hunters camped out in parking lots or waiting in line through the wee hours had become commonplace. For years, every Black Friday was bigger than the last.
Black Friday Today: Holiday Shopping Goes Omnichannel
Black Friday today bears little resemblance to the chaotic city-center pilgrimages of the first two-thirds of the 20th century. As we’ll see in a moment, it’s still plenty chaotic, but the action isn’t concentrated in a handful of commercial cathedrals.
Today’s retail environment is omnichannel. Shoppers are just as likely (more so, in some cases) to buy stuff at home on their smartphones or laptops than drive to the nearest mall or big box store to peruse deals in person. Thanks to showrooming, some of that in-store traffic is a mirage: Shoppers visit retailers like Best Buy and Macy’s to check out (and perhaps try) products in person, then head home and search for better deals online. They don’t make major purchases in store, because why would they when they can do so at their convenience later that day or week?
The decline of brick-and-mortar retail is devastating the lower and middle echelons of the suburban shopping center market and has perhaps at long last dealt a death blow to the downtown department store model. In 2017, CNBC reported that Macy’s would close century-old flagship department stores in cities like Portland and Minneapolis, putting a punctuation mark on years of long, sad decline.
Innovative retailers are fighting the showrooming trend by bulking up their e-commerce capabilities and adopting generous price-matching policies, but the die is clearly cast. Black Friday now happens when, where, and how consumers choose. And that’s great news for deal-seeking holiday shoppers.
Black Friday Around the World
Regardless of religious composition, plenty of other countries celebrate end-of-year holidays. These holidays almost invariably involve gift-giving. In an increasingly consumerist world, many national cultures therefore embrace the traditionally American end-of-year retail blowout. (Some countries, such as Russia, celebrate their major winter holidays shortly after the start of the Roman calendar year, but close enough.)
However, Thanksgiving is an American holiday. No other country holds a celebration of plenty on the fourth Thursday of November. (Canada celebrates its own Thanksgiving on the second Monday of October.) So, in the rest of the world, the day after American Thanksgiving is just another Friday.
That hasn’t stopped major retailers and retail trade associations from trying to popularize the event in certain countries though. Some international examples of Black Friday shopping holidays include:
Romania: Black Friday is surprisingly popular in the Eastern European country of Romania. According to Romania Insider, the concept was imported in 2011 by Romanian online retailer eMAG, whose CEO claims that 11 million Romanians (out of 20 million total) have heard of Black Friday and 6.7 million are interested in buying on Black Friday itself.
United Kingdom: In the U.K., the term “Black Friday” originally referred to the Friday before Christmas, the traditional start of the Christmas holiday week (and a popular drinking holiday that invariably strains public health and safety resources). In the 2010s, U.S. companies like Amazon, as well as U.K.-based Walmart subsidiary Asda and some other top U.K. retailers, began promoting “American” Black Friday in November. Per The Guardian, the holiday is quite controversial in the U.K., despite producing more than £2 billion in economic activity and officially taking the crown as the country’s busiest shopping day in 2015.
Canada: During a period of unprecedented strength for the Canadian dollar in the 2000s and 2010s, Canadian retailers instituted day-after-American-Thanksgiving Black Friday sales to prevent their customers from snagging currency-aided discounts across the border. (This Financial Post article from 2012 explains retailers’ reasoning in depth.) Though it’s not quite as big a deal as it is in the U.S., Black Friday is now a popular Canadian shopping holiday in its own right.
Netherlands: In 2015, several dozen Dutch retailers and international brands banded together to create Black Friday Nederland, a clearinghouse for online sales and deals on the day after American Thanksgiving. Black Friday is by no means a national shopping holiday in the Netherlands, but it’s a great opportunity for Dutch natives (and American expats living or attending a foreign university abroad) to shop for less.
Germany, Austria, and Switzerland: Black Friday Sale is a German-language e-commerce portal available in Germany, Austria, and Switzerland. Like Black Friday Nederland, it’s a clearinghouse for domestic and international brands and retailers that offer special deals on the day after American Thanksgiving and beyond.
Is Black Friday Still Relevant?
The holiday shopping season’s past, present, and possible future beg a simple question: Is Black Friday still relevant?
Spreading Out the Deals
Black Friday remains a crucial holiday shopping day, but it’s no longer paramount. Nor is it accurate any longer to say that Black Friday is the start of the official holiday shopping season.
This is largely down to the retail industry’s increasingly fierce, even desperate, competitive landscape. In an omnichannel world, consumers can shop when and where they please. That gives retailers, already facing increased competition from online-only stores and nontraditional platforms like eBay, less incentive to invest in tentpole “event shopping” days. They’re better off spreading deals out over multiple days.
That’s exactly what’s happened. Cyber Monday marked the first real challenge to Black Friday’s dominance. It’s now arguably bigger than Black Friday itself. Small Business Saturday, a prime opportunity to shop local and support independent businesses, is rapidly gaining adherents as well.
And many retailers now sponsor “Black Friday week” promotions beginning as early as the Sunday before Thanksgiving, with time-limited headline promotions each day (or hour, in many cases). These multiday Black Friday sales appeal to shoppers seeking fantastic in-person deals without the crushing crowds, early opening hours, or stocking issues common to Black Friday itself.
Backlash Against Consumerism
As the poster child for American consumerism, Black Friday invites plenty of anti-consumerist backlash. Buy Nothing Day, a transatlantic movement against Black Friday shopping, falls on the day after U.S. Thanksgiving each year.
Buy Nothing Day’s organizers invite sympathetic consumers to “escape the Shopocalypse” and engage in anti-commercial activities instead: “Anything from staying at home with a good book to organising [sic] a free concert.” As long as you don’t buy anything, there’s no wrong way to participate. (Participants are encouraged to share their activities with the hashtag #BuyNothingDay.)
While Buy Nothing Day alone can’t turn back the consumerist tide, it does underscore a very real, very potent backlash against excessive holiday spending and over-the-top commercialism. You don’t have to be an ascetic or minimalist to appreciate the sentiment.
Should Stores Be Open on Thanksgiving?
For decades, retailers maintained an uneasy gentleman’s agreement: I’ll stay closed on Thanksgiving if you do. Thanksgiving was a day for everyone, even retail employees, to relax and celebrate with family. For most people, Thanksgiving still is a restful family day. Just not for millions of floor salespeople, warehouse staff, cashiers, and store supervisors.
Stores first opened on Thanksgiving in 2011, per Fortune. Their success precipitated a wave of openings the following year, with major retailers fearful they’d miss out on a piece of the action. Some stores simply stayed open from late afternoon on Thanksgiving through late evening on Black Friday, reasoning that longer open hours would ease the crush and increase revenue.
Unsurprisingly, this new normal prompted a backlash from retail employees, workers’ rights activists, and even consumers themselves. They argued that it wasn’t fair to ask retail employees, many of whom already work long hours, to come in on a national holiday.
For this and other reasons, retail executives have lately soured on Thanksgiving openings. According to The New York Times, opening on Thanksgiving is now simply “too much of a headache” for many retailers, who’ve concluded that the promise of an early jump on Black Friday sales isn’t worth the cost – or the hit to employee morale. Business Insider kept a list of all the major retail chains that weren’t open on Thanksgiving in 2016, and the list appears to have grown significantly from the prior year. That said, retail is a notoriously fickle industry, so it’s hard to draw any firm conclusions about whether the practice is in terminal decline.
To reiterate: Black Friday isn’t quite what it used to be.
Don’t get me wrong – it’s still the poster child for American consumerism, and a legitimately great time to snag limited-time deals that can significantly reduce your holiday shopping budget. But the rise of Cyber Monday, Small Business Saturday, and pre-Black Friday sales have all eroded Black Friday’s dominance. It’s no longer the only game in town.
That’s probably a good thing. Like anyone else, I’ll jostle with fellow shoppers to snag the best deals, or spend hours hunched over my laptop (which I do anyway) on a specific day to find the perfect price on every gift list item. But I also like choosing when and where to spend my hard-earned money without compromising too much on price. I suspect you’re on the same page.
Do you hit the mall or department store on Black Friday? Or do you sit back at home and wait for the online deals to come to you? 
November 24, 2017
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