The causes of the Black Friday consumerism phenomenon.
The causes of the Black Friday consumerism phenomenon.
Black Friday is one of the largest shopping holidays in the United States, and it’s become
something of a phenomenon over recent years. What started out as small local shopping events
have now spiraled into nationwide sales, with consumers spending more money than ever
before on the day after Thanksgiving. In this article, we’re going to take a look at some of the
reasons why Black Friday has become so popular. We’ll explore the economic factors that have
led to an increase in consumerism, as well as the psychological factors that might be fueling the
trend. We’ll also look at some of the ethical issues surrounding Black Friday shopping, and ask
whether or not this holiday is actually good for society.
The rise of Black Friday.
Every year, on the Friday after Thanksgiving, Americans get excited for Black Friday. This day is
when stores traditionally offer the biggest discounts on their products and it has become a
tradition for many people to go shopping on this day. There are many reasons why Black Friday
has become such a popular day to shop.
One reason is that Black Friday is the only day of the year that most stores offer special deals
on electronics. This year, for example, Best Buy is offering discounts of up to 50% off select
items on Black Friday. In addition, many stores offer free shipping on all orders over $75.
Another reason why people love Black Friday is because it’s the only day of the year that you
can usually find deeply discounted furniture. For example, IKEA often offers discounts of up to
75% off furniture during Black Friday weekend.
However, there are also some negative aspects toBlack Friday shopping. For example, some
people report that they become overwhelmed by the amount of shopping they do on this day.
Additionally, some people experience problems with crowds and long lines at stores.
Nevertheless, despite these drawbacks, Black Friday remains one of the most popular days of
the year for Americans to go shopping.
The benefits of Black Friday
There are many reasons to celebrate Black Friday, the biggest of which is that it gives American
shoppers an extra day of holiday shopping. This increased spending power translates into extra
money for businesses and creates more jobs throughout the year.
Another reason to embrace Black Friday is that it’s a chance to get deals on items you may
have been eyeing but were unsure of picking up. Whether you’re in the market for a new TV,
laptop, or toy, chances are there’s something under the tree for you. And since most stores
extend their discounts well beyond Black Friday weekend, this can be an amazing way to save
money on your entire holiday shopping list.
But why do people go overboard when it comes to buying during Black Friday weekend? There
are a few reasons. First, it’s a great opportunity to take advantage of deep discounts on popular
items. Second, we often feel pressured by friends and family to buy gifts quickly and at reduced
prices. And finally, many of us feel like we need to be “up there” in terms of holiday gift-giving
stature –buying something expensive during Black Friday can make us feel like we’re really
putting ourselves out there.
The challenges of Black Friday
Black Friday is one of the most popular shopping days of the year, and it’s no wonder—the
discounts are staggering. But what’s behind the popularity of this day?
There are a number of factors at play. For one, Black Friday offers a unique set of deals that
can’t be found any other time of year. Secondly, stores know that people tend to shop more on
Black Friday than any other day of the year. And lastly, there’s the fact that many people view
Black Friday as a way to kick off their holiday shopping season.
However, Black Friday isn’t without its challenges. Some experts say that the consumerism
associated with this day has negative consequences for both consumers and businesses. For
example, research has shown that excessive shopping can lead to financial problems for some
people. And businesses have also reported decreased sales on Black Friday because of
excessive consumer spending.
So while Black Friday may be a big moneymaker for some retailers, it’s not without its costs. It’ll
be interesting to see how the trend develops in future years—perhaps we’ll see a shift towards
more sustainable shopping patterns?
Why is Black Friday such a big deal?
Since the early days of Black Friday, people have been asking themselves why it is such a big
deal. In truth, there is no one answer to this question. Rather, it seems that Black Friday derives
its importance from a number of factors.
Some historians believe that Black Friday began as a way for farmers to get better deals on
goods that they had leftover from previous sales. As the popularity of Black Friday grew, so did
the number of stores that participated in the event. Eventually, Black Friday became an annual
tradition, and now it is one of the biggest shopping holidays in the United States.
Another reason why Black Friday is popular is because it offers consumers a chance to save
money on items that they would normally buy elsewhere. For example, you can often find
televisions and other electronics at reduced prices on Black Friday. Additionally, many stores
offer special deals on clothing and other household items.
Overall, there are many reasons why people enjoy celebrating Black Friday. Whether you are
looking to save money or purchase something special for yourself or your loved ones, this
holiday is definitely worth checking out!
The role of the recession.
As the economy slowly recovers, some may be surprised to learn that one of the primary factors
behind Black Friday’s explosive growth was the 2008 recession.
According to a study by eMarketer, spending on Black Friday rose 31% in 2008 compared to
2007, the year before the recession hit. The study also found that 2013 saw an even bigger
increase, with spending rising 47% from 2012.
While it is difficult to pinpoint a single cause for this rise in consumerism, economists have
blamed the recession for triggering a number of psychological changes that led to increased
spending. For example, people who lose their jobs may become more anxious and spend more
on basic needs (like food and shelter) in order to feel secure. In addition, people who are
struggling financially may feel compelled to buy items they don’t need in order to make
themselves feel better.
However, while Black Friday’s meteoric rise can be partially attributed to the recession, it’s
important to remember that the holiday has always been associated with excessive shopping
behavior. In fact, according to Forbes magazine, Black Friday has been nicknamed “the day of
reckoning” because it’s traditionally when consumers start taking stock of their financial situation
and decide whether they’re capable of continuing.
While there are many factors that contribute to the Black Friday consumerism phenomenon, one
of the most important is the marketing campaigns put forth by retail outlets. Retailers know that
when their customers are motivated and excited about shopping, they’re more likely to spend
money on whatever it is they’re buying. This intense level of motivation often leads to long lines
at retailer entrances, which in turn creates a sense of urgency for shoppers.