Harish Shinde’s Post

The Real Story Behind Black Friday 🖤🛍️ Did you know Black Friday started with traffic jams? Discover how it became today’s biggest shopping event! Black Friday, traditionally the Friday after Thanksgiving in the United States, marks the unofficial start of the holiday shopping season. In 2024, it falls on November 29. Origins of Black Friday: 👉Philadelphia's Traffic Woes: In the 1950s and 1960s, Philadelphia police coined the term "Black Friday" to describe the heavy traffic and crowded streets caused by shoppers and tourists during the Army-Navy football game held the Saturday after Thanksgiving. 👉Retail Profitability: By the late 1980s, retailers redefined "Black Friday" to signify the day when stores moved from operating at a loss ("in the red") to profitability ("in the black") due to increased sales. Over time, Black Friday has evolved into a major retail event, with many retailers offering significant discounts and promotions to attract shoppers. #blackfriday #ecommerce #ecommercetrends #vionso

Retail showed a spike in September, this was not what many were expecting to see. I think I know why, here is my 2 pennies worth. I think there is a shift in retail trends this September. Black Friday may have lost its allure, and consumers appear to have caught on. Those “massive” discounts often just aren't real when compared to prices offered at other times of the year. As a result, I believe more people are doing their Christmas shopping early, potentially making Black Friday less impactful than in previous years. I'd go far as to say Black Friday will be a flop in comparison to previous years. I also expect Christmas and New Year sales to be strong (when compared to previous years), as shoppers hold out for better deals. Another big thing I think is happening is retailers are also using this year to experiment with new tech and consumer engagement strategies (#headless #mach #composable plays into this), testing the waters for what will work in 2025. It will be interesting to see how this plays out. I am but a layman however, I am not technical and I understand the industry vicariously through my clients and candidates. So, any thoughts on this topic would be well received, feel free to put me back in my box! #ecommerce #retail #blackfriday #digitalcommerce

What is Black Friday? Black Friday, refers to the Friday following Thanksgiving in the United States. It marks the beginning of the holiday shopping season and is known for its massive sales and discounts, drawing large crowds of shoppers looking for bargains. The term Black Friday originated from the idea that retailers would move from being "in the red" (losing money) to being "in the black" (profitable) due to the increase in sales. On Black Friday, many people achieve the goal of securing significant savings on products such as electronics, clothing, toys, and home goods. It is a day where businesses achieve record sales, often offering discounts of 50% or more. Some shoppers also use Black Friday to kick-start their holiday shopping, while others might take advantage of online deals to avoid crowded stores. For businesses, it represents a critical moment for boosting annual revenue, and for consumers, it’s an opportunity to save on major purchases. For me, Black Friday 2024 marked another moment I went over and beyond to pour lots of value on my client base. I LOVE WHAT I DO. Let me know how you spent your Black Friday in the comment box. @hairbyhardey #blackfriday2024 #blessedandthankful #HolidayJoy #stayfocused

I can't be the only one who noticed Black Friday Deals were less than Ideal this year! 🤔 Black Friday has always been a cornerstone of holiday shopping, but in 2024, it’s not the deal bonanza it used to be. With early access sales, extended holiday promotions, and price transparency tools, the urgency around Black Friday has significantly diminished. In my latest article, I explore 5 key reasons why Black Friday deals are underwhelming this year, from the rise of Christmas-centric sales to shifting consumer behavior. Plus, I share 5 tips for navigating the season—helping you find the best deals all through November and December. 🛍️ Ready to shop smarter this holiday season? Check out the full guide to learn how to make the most of your purchases and avoid the Black Friday rush. #HolidayShopping #ShoppingTips #BlackFriday2024

Is this what Black Friday looks like now? At 8am, after the initial surge of shoppers, this Target (and many other stores) were eerily quiet. The crowds used to continue well into the early afternoon as shoppers moved from one destination to another, but every store I visited was relatively quiet with choice parking spots easy to find and modest lines at best to check out. This is likely the result of the confluence of 3 major factors: - Online shopping continues to erode the urgency to get up and get out - while I was out, my wife was still in bed looking at the same deals (but with better cash back and layered discounts for signing up for new account activation) - Black Friday isn’t a day or a weekend any more. Most retailers started their event the weekend before - if not earlier. Those that didn’t are likely going to have to scramble to make up for a day of disappointing traffic - There are fewer “must have” new items than in any year I can remember. Most of the big promotions, with a few exceptions were available at similar prices last year and the year before. Even the Taylor Swift Eras Tour Book didn’t seem to be much of a draw after the 100 or so first customers at 6am got their copy Couple that with uncertainty and unease about the economy, widening income gaps, non-discretionary spending now taking a bigger share of most consumer wallets, and it could point to challenges ahead for some retailers. Those that started promotions early, have a strong omnichannel approach to meeting demand, and executed well on obvious value and some level of newness will be just fine. Those that didn’t will likely be scrambling to catch up in a short season this year.

Black Friday drives nearly 20% of annual retail sales globally, making it one of the most influential days in the retail calendar. What began in the 1960s as a U.S. phenomenon, symbolizing the shift from losses (red) to profits (black) has transformed into a global retail strategy embraced by businesses worldwide. → Global Black Friday sales now surpass $70 billion, with categories like fashion, electronics, and home goods dominating. → Research shows that 75% of consumers actively plan purchases around Black Friday, leveraging discounts to maximize value. → E-commerce plays a critical role, contributing to nearly 50% of Black Friday revenues, as online shopping continues to reshape retail. At CHIQUE CLOTHING COMPANY, Black Friday is more than just running a sale, it’s a moment to align our values with our customers’ needs, offering quality products and unmatched deals. Black Friday is a game-changer for entrepreneurs. Here’s what to expect: → Sales Surge: Significant jump in revenue. → New Customers: Attract first-time buyers. → High Competition: Brands fighting for attention. → Inventory Pressure: Manage stock efficiently. → E-commerce Spike: Online sales dominate. → Brand Visibility: Boost recognition and recall. → Global Reach: Expand into new markets. Are you ready to make the most of Black Friday? #BlackFriday #RetailInsights #ChiqueClothing #GlobalShopping

✨Did you know the Golden Quarter drives a large portion of annual revenue for retail businesses, sometimes making up up to 30-40% of total yearly sales? With Black Friday around the corner, retailers are gearing up for the biggest sales event of the year. Only last year’s Black Friday generated over $9 billion in online sales in the U.S. alone. This year, projections show that spending could reach new heights as consumer demand rises and retailers offer bigger deals to capture attention. Bet you don’t want to miss out on maximizing this prime shopping period. Start prepping your strategy now to make the most of Black Friday and the entire holiday season! #GoldenQuarter #BlackFriday2024 #RetailSuccess

What is Black Friday? A Look at its History and Consumer Approach Black Friday, traditionally the day after Thanksgiving, marks the start of the holiday shopping season. The term "Black Friday" originated in Philadelphia in the 1960s, referring to the heavy traffic and chaos caused by the influx of shoppers. Over time, it evolved to signify the day when retailers shift from "in the red" (losing money) to "in the black" (profitable) due to the surge in sales. In the past, Black Friday meant early-morning lines and doorbuster deals. Now, it has expanded to online sales and even lasts throughout the entire week. Consumer Approach: Consumers today are more informed, often comparing prices online and planning purchases in advance. The rise of e-commerce has led to a shift from physical store crowds to online shopping sprees, yet the spirit of excitement remains strong. The approach is evolving—start forward, be smart, and shop with purpose. 🛍️ #BlackFriday #ConsumerBehavior #Ecommerce

Black Friday is one of the most anticipated shopping days of the year, but how did it all start, and why is it such a big deal today? The term "Black Friday" dates back to the 1960s in Philadelphia, where police officers used it to describe the chaotic scene that followed Thanksgiving. Large crowds of shoppers descended on the city, leading to traffic jams, accidents, and even a spike in crime. Over time, retailers turned the term around, rebranding it as a day for massive sales and discounts. The "black" in Black Friday refers to businesses moving from being "in the red" (losses) to being "in the black" (profits) due to the high volume of sales. While Black Friday has evolved into a global phenomenon, it’s still rooted in offering great deals, often marking the start of the holiday shopping season. From its humble beginnings as a local event to now being a global shopping extravaganza, Black Friday has become a staple for both consumers and retailers. In today’s digital age, the tradition has expanded beyond in-store sales to include online discounts, making it accessible to shoppers worldwide. But as we dive into these amazing deals, let’s remember the history and how this day became a retail milestone! #BlackFriday #RetailHistory #BusinessGrowth #Sales #ShoppingTrends