Do Shoppers go crazy on Black Friday?

Over a decade ago, major US reatailers decided to kick-start the Christmas shopping season with a day of bargains, where prices were often slashed up to 50 or even 80 per cent.



This event is held on the last Friday in November, the day after the Thanksgiving holiday. Why the name? Many US retailers operate at a financial loss or are 'in the red' from January to November. Black Friday marks the point at which they begin to turn a profit or become 'in the black'.