Courtesy of WRCR.
Black Friday is just days away, as retailers traditionally try to jump-start the holiday shopping season the day after Thanksgiving with deep cuts in prices on some popular items. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says for some, as much as the turkey or sweet potato casserole itself, Black Friday’s become a family tradition…
Though the term “Black Friday” has several historical connotations, the term as applied to post-Thanksgiving Day shopping was first coined in the 1980s to mark the day when retailers could turn a profit for the year, turning the ledger from the negative “red” into the positive “black.”