Thread: Black Friday!

Originally Posted by BLMWolby

Actually.. Close..

Black refers to breaking even. Most retail places will either break even at 0 or be slightly UNDER zero.

Green would be positive numbers.

Thank you for trying to correct me.

http://en.wikipedia.org/wiki/Black_Friday_(shopping)

When this would be recorded in the financial records, once-common accounting practices would use red ink to show negative amounts and black ink to show positive amounts. Black Friday, under this theory, is the beginning of the period where retailers would no longer have losses (the red) and instead take in the year's profits (the black). The earliest known use, again found by Bonnie Taylor-Blake, is from 1981, again from Philadelphia, and presents the "black ink" theory as one of several competing possibilities:

Originally Posted by Citation #14

If the day is the year's biggest for retailers, why is it called Black Friday? Because it is a day retailers make profits -- black ink, said Grace McFeeley of Cherry Hill Mall. "I think it came from the media," said William Timmons of Strawbridge & Clothier. "It's the employees, we're the ones who call it Black Friday," said Belle Stephens of Moorestown Mall. "We work extra hard. It's a long hard day for the employees