Julianne Hott, 9
20 percent off! 30 percent off! Buy one get one free! A whopping 50 percent off! These are the types of mega deals that are available during Black Friday and Cyber Monday. These two major shopping days are perfect for getting all of the holiday shopping done considering they are amazing deals offered during the season.
The term Black Friday originated in 1869. It was not related to the shopping season, and actually was talking about two men who bought most of the country’s gold supply with the plan to sell it at unbelievably large prices. What happened instead was a huge crash in the stock market, and that day was named Black Friday.
When stores were operating at a loss, they would record their sales in red ink. The day after Thanksgiving, when holiday shopping began, they would begin to earn profit, and would switch their ink color to black, thus coining Black Friday. However, with technology on the rise, is Black Friday as popular as it once was or is it Cyber Monday’s turn in the spotlight?
Cyber Monday is the Monday after Thanksgiving. It is similar to Black Friday, however, the sales are online. Some major online retailers include Amazon and Ebay. Some huge upsides to shopping online include the fact that it can be done while commuting or while in bed. In short, it can be done without leaving the house and while multitasking.
There was a study done by blackfriday.org, which stated that the two main things that people are looking to buy on both Black Friday and Cyber Monday are clothes and technology. People are looking for toys more on Black Friday and smart home items on Cyber Monday. According to the same study, 15 percent of Black Friday shoppers head out at dawn to wait in lines, while 17 percent wait until midday to head to stores so the lines can die down. A whopping 68 percent percent do their Black Friday shopping online. Lastly, the study concluded that each shopper will spend an average of $57 more on Black Friday than on Cyber Monday!
What do you think: Is Cyber Monday the next big thing?