Table Of Contents
- What is Black Friday?
- When is Black Friday in 2020
- Why is it Called Black Friday?
- Black Friday Sales Online
- Are Banks Closed on Thanksgiving?
- Is it Dangerous to Shop During Early Morning Hours of Black Friday?
- Shop Online Safely
Black Friday & Safe Shopping Tips
After the turkey, a nap, football and more turkey comes the shopping. Black Friday shopping has now moved into Thanksgiving Day Thursday for many retailers.
We all know that there is a lot of hype, marketing, commercials and pandemonium around Black Friday, but do we really know the details of it?
This article will show you what Black Friday is, where it came from, what you can expect during the day and how to stay safe while finding the best deals out there.
What is Black Friday?
Black Friday is the day that kicks off the holiday sale season for retailers. In retail shopping, it is typically the first day after Thanksgiving, but in recent years it has been extended to the night of Thanksgiving itself.
From early bird specials to door buster sales, retailers use many different types of Black Friday deals to attract more business for the upcoming season.
Most of the Black Friday deals offered by retailers include heavily discounted products for a limited number of items. This marketing tactic has created the well-known hours-long lines and pandemonium seen every year as stores open their doors for business.
Black Friday 2015 statistics show that over 74 million people shopped on Black Friday. The Black Friday 2015 statistics are actually the lowest since 2011, but it showed that nearly 35 million people shopped on Thursday rather than Friday.
When is Black Friday in 2020
Black Friday 2020 will fall on November 25, 2020. If trends are correct, shoppers won’t have to wait until Friday to begin taking advantage of Black Friday 2020 deals.
The Black Friday season has been starting earlier and earlier in recent years. Some retailers have even begun opening their doors for Black Friday sales to begin as early as 5:00pm.
Many retailers have started to gravitate towards opening their virtual Black Friday doors online as well. The online trend is expected to continue for Black Friday 2020
Why is it Called Black Friday?
Black Friday is regarded as the day where retailers can begin to turn a profit during the busiest shopping season of the year. The holiday shopping season is a critical time for many retailers and it accounts for roughly 30% of its annual revenue.
Since business owners thought that the title had negative connotations to it, they began to circulate the ledger story.
Black Friday Sales Online
To avoid the rush, many people choose to conduct their holiday shopping on the internet. Because of that, many retailers have included Black Friday sales in addition to the online Cyber Monday deals.
Below is Black Friday information for 4 major US retailers:
Amazon Black Friday
As strictly an online retailer, Amazon leads the way with online holiday sales.
Amazon Black Friday deals will begin counting down starting November 1st, 2020. Their Black Friday 2020 ads will start with “lightening deals” from November 1st through November 26th.
By comparing last year to this year, Amazon will be outdoing their Black Friday 2015 ads. They are projected to offer over 30,000 deals for its Amazon Prime members between Black Friday and Cyber Monday.
Walmart Black Friday
Walmart has a strong online presence in retail, but they are also one of the strongest brick-and-mortar retailers in the US. The Walmart Black Friday sale is famous, or infamous, for having really low prices on technology products like flat screen televisions, laptops and kitchen appliances.
The Walmart Black Friday 2015 ads featured items like iPads for less than $200 and 50-inch LED televisions for less than $220. Walmart is known for offering these types of while supplies last deals for Black Friday.
So don’t be surprised to find hundreds of people lined up at Walmart’s throughout the US after seeing their Black Friday 2020 ads.
Target Black Friday
Like Walmart, Target enjoys a great physical and online presence. Target Black Friday sales usually feature items like appliances, furniture, clothes, and technology.
Because of competition with other major retailers, Target is expected to go all out for their Black Friday 2020 ads.
Best Buy Black Friday
Best Buy is primarily a technology retailer. Because of the high quality and price of their technology products, people get very excited when Best Buy Black Friday deals are on the horizon.
Best Buy is also known for having long lines outside of their doors before the Black Friday event. In 2015 Best Buy opened their doors at 5:00pm on Thanksgiving until 1:00am and then re-opened at 8:00am.
Best Buy offered more than 300 various deals in their Black Friday 2015 ads allowing people to save up to $2,000. It is estimated that 2020 will be no different.
Are Banks Closed on Thanksgiving?
Banks are usually closed on Thanksgiving. However, banks are typically open the day before and the day after Thanksgiving. That is great news for holiday shoppers who need to address banking needs for the Black Friday weekend.
Tips for Black Friday Shopping
Is it Dangerous to Shop During Early Morning Hours of Black Friday?
Shopping on Black Friday can be dangerous. Simply go to YouTube and find some of the Black Friday videos to see for yourself.
However, it does not have to be dangerous at all. By avoiding the rush, staying away from mobs of people fighting over products and knowing exactly what is needed on your list, you can easily shop in safety.
Here are a few things to consider to stay safe while Black Friday Shopping:
- Don’t buy more than you can carry
- Save receipts
- Don’t carry wads of cash
- Carry purses near the body and wallets in the front pockets
- Have keys in hand before getting to your car
- Don’t leave bags visible in your car when shopping from store to store
- Keep your eyes on your shopping cart