UAE
SAUDI ARABIA
QATAR
No Result
View All Result
AZIMUTH GULF
  • Latest News
  • Digital Trasformation
  • Internationalization
  • Middle East Markets
Azimuth Gulf News
  • Latest News
  • Digital Trasformation
  • Internationalization
  • Middle East Markets
No Result
View All Result
Azimuth Gulf News
No Result
View All Result
Azimuth Digital Azimuth Digital Azimuth Digital
ADVERTISEMENT
Home Middle East Markets

The Story of Black Friday

How Black Friday turned into the biggest shopping event

Nardino Di Marco by Nardino Di Marco
January 1, 2022
in Events, News
0
The Story of Black Friday
https://www.linkedin.com/company/azimuth-international

Today, most of us think of Black Friday as an opportunity to do some holiday shopping at low prices. But, before retailers gave a cheerful connotation to the event, the term Black Friday had a much more negative meaning. 

Let’s see what’s the story behind it.

Where it started

It is believed by many that the term Black Friday finds its roots in the sense of black as “showing a profit”, meaning that businesses are “in the red” until the day after Thanksgiving when massive sales allow them to gain profit and be “in the black”. But actually, this isn’t true.   

Historically, black has been associated with days of economic stress. The first Black Friday occurred in 1869 after financier Jay Gould and businessman James Fisk attempted to corner the gold market, but on Friday, September 24, the stock market plummeted and sent thousands of Americans into bankruptcy.  

Later, in the early 1960s police officers of Philadelphia began to use the term “Black Friday” to describe the chaos caused by masses of suburban citizens who came into the city to begin their holiday shopping. The police had to work longer shifts than usual because of traffic, accidents and shoplifting. After the term became popular in Philadelphia, it spread nationwide.


Black Friday in UAE

In the UAE White Friday is the Middle Eastern equivalent of Black Friday. 

That’s because Friday is considered a sacred day of worship and black is usually associated with something sad or tragic, so the name was altered to associate it with something positive. The White Friday celebration was introduced in 2014 by the largest e-commerce site in UAE, Souq. It started as just one day of discounts, but afterwards Souq and other retailers chose to extend it to four days, from November 23 to November 26. The shopping event started in a few Gulf countries like Saudi Arabia, Kuwait, and UAE, then it expanded to Oman, Qatar, and Egypt with discounts both online and in classic brick and mortar stores.

 

Black Friday: positive or negative?

Black Friday may be a great event for retailers, but it also highlights the dark side of consumerism, not to mention that throughout the history of Black Friday many people got injured, so it may be not as cheerful and positive as retailers want to represent it! Luckily nowadays technology has enabled us to shop from the comfort and safety of our own homes. 

Is this shopping event a great initiative or should stores stop doing it? What do you think?

Here, you can read more about it:

https://www.theguardian.com/business/black-friday

https://www.thebalance.com/what-is-black-friday-3305710

https://www.nytimes.com/topic/subject/black-friday-and-cyber-monday

 

Tags: Middle East MarketsUAE

Related Posts

saudi arabia
Middle East Markets

Saudi Arabia: Mohammed bin Salman Al Saud becomes premier

October 11, 2022
Langpros at GALA 2022
Events

Langpros at GALA 2022

May 2, 2022
Cryptocurrency Localization (aka translation) Strategy
Digital Trasformation

Cryptocurrency Localization (aka translation) Strategy

June 1, 2022
colours
Digital Trasformation

Localization strategies for your business

June 1, 2022
“Fostering International Cooperation against the Smuggling of Migrants” Meeting in Dubai
Business Interpreting

“Fostering International Cooperation against the Smuggling of Migrants” Meeting in Dubai

June 1, 2022
How to keep your business safe from cyber-attacks
Digital Trasformation

How to keep your business safe from cyber-attacks

June 1, 2022

POPULAR POSTS

  • protection of endangered languages

    Why We Should Protect Endangered Languages

    0 shares
    Share 0 Tweet 0
  • ChatGPT in the Gulf Countries: A Look into the Market and  Upcoming ChatGPT4 Features

    0 shares
    Share 0 Tweet 0
  • Saudi Arabia Vision 2030

    0 shares
    Share 0 Tweet 0
  • Ronaldo’s impact on the development of football in Saudi Arabia

    0 shares
    Share 0 Tweet 0
  • Meta Business Suite: boost your business for free

    0 shares
    Share 0 Tweet 0
Azimuth Digital Azimuth Digital Azimuth Digital
Azimuth Gulf News

Keeps you up to date on the latest trends in the UAE and the Gulf market. Find out what your target customers need, search for new business opportunities, and learn how to reach new potential clients with compelling marketing techniques.
Find out how to move the right steps to expand your company overseas with the most successful digital transformation procedures and effective localization strategies.

  • Latest News
  • Digital Trasformation
  • Internationalization
  • Middle East Markets
  • Latest News
  • Digital Trasformation
  • Internationalization
  • Middle East Markets

AZIMUTH BOARD

© 2022 Azimuth International  | Built with by Azimuth Digital | Privacy Policy   Cookie Policy

No Result
View All Result
  • Latest News
  • Digital Trasformation
  • Internationalization
  • Middle East Markets

© 2022 AZIMUTH INTERNATIONAL - Azimuth Digital Azimuth Digital.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Manage Cookie Consent
We use technologies like cookies to store and/or access device information. We do this to improve browsing experience and to show personalized ads. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}
Go to mobile version