15
/
en
AIzaSyCYaC8UkdPkQKLFUmpasLV5eC3M802CrcA
343477
29802
1

jan 21, 2018 - Common Explanation "In the red" and "In The black"

Description:

The most commonly repeated story behind the post-Thanksgiving shopping-related Black Friday tradition links it to retailers. As the story goes, after an entire year of operating at a loss (“in the red”) stores would supposedly earn a profit (“went into the black”) on the day after Thanksgiving, because holiday shoppers blew so much money on discounted merchandise. Though it’s true that retail companies used to record losses in red and profits in black when doing their accounting, this version of Black Friday’s origin is the officially sanctioned—but inaccurate—story behind the tradition.

Added to timeline:

9 months ago
0
0
117
Black Friday - Orgins
By: Frederick Rukh-Kamaa

Date:

jan 21, 2018
Now
~ 8 months ago
PayPal - The safer, easier way to pay online!logo
About & FeedbackTermsPrivacy