The official explanation from the retail industry for the term “Black Friday” is that it’s the day when retail profits for the year go from red to black. Are you skeptical about this? You should be.
The term originated in Philadelphia in the 50s or earlier and wasn’t in common use in the rest of the country until decades later. And it did indeed refer to something unpleasant: the gigantic Army-Navy-post-Thanksgiving day crowds and traffic jams, which both retail workers and police officers dreaded. The retail industry originally loathed the term, and the whole “red to black” fairy tale was tacked on sometime in the 80s by an overcaffeinated flack trying to put lipstick on a pig that had gotten a little too embarrassing for America’s shopkeepers.
And now everyone believes it, which is a pretty good demonstration of the power of corporate PR. But now you know the real story behind Black Friday.
Personally I hadn’t heard the red-to-black story debunked at all until reading this thread, so I appreciate the thorough clarification.