Americans will turn out by the millions this Friday for the unofficial start of the holiday shopping season. Here is a look at the key metrics and history of the annual consumer spending spree.
This week, students will relish a week off classes and enjoy family and good food on the Thanksgiving holiday. But most will also spend at least some of their time shopping. Since the Great Depression era, the Friday after Thanksgiving has been regarded as the beginning of the holiday season. But in the past two decades, it has developed into an annual ritual for retailers of every stripe.
Here is a synopsis of what could arguably be considered America’s greatest annual celebration of the consumer economy.
From Four-Day Weekend to Shopping Holiday
Thanksgiving always falls on the fourth Thursday of November, giving many corporate and government employees a four-day weekend. While traditionally a time to enjoy family and begin decorating for the holiday season, the weekend has developed into a multifaceted retail extravaganza, composed of Black Friday, Small Business Saturday and Cyber Monday. Read More