Chinook Mall in Calgary is one of many shopping centers participating with early Black Friday deals this year. Shoppers can expect busier stores and longer wait times at check out. (Kailie Stobbart, CMRU.ca)
Black Friday is a widespread shopping phenomenon where retail outlets offer massive sales during the event. On Friday, November 24, shoppers can expect significant discounts at many of their favourite stores.
What to expect this Black Friday
This year, shoppers anticipate early sales leading up to Black Friday. Many stores are already beginning to drop prices, holding week-long promotions before Friday. Some stores offering rewards programs are also adding bonus point days ahead of Black Friday.
For example, major Canadian retailers have already started their Black Friday deals both in store and online:
- Best Buy is selling select products up to 45% off
- Amazon is selling some products at a 50% discount
- Canadian Tire has many kitchen accessories up to 40% off
- Walmart is selling toys up to 50% off
The history of Black Friday
Black Friday started during the 1950s in the United States when shoppers began their holiday shopping the day after Thanksgiving. The increase in shoppers made companies gain profit, getting them “in the black.” This is where the company’s profit exceeds its expenses, making it enter a positive margin in sales. Since then, the phenomenon increased in popularity, and Black Friday has become an international day for stores to have massive sales to expand their revenue with increased shoppers.
Sales after Black Friday
Shoppers who miss out on Black Friday deals have another chance at catching a sale. On Monday, November 27, major online retailers like Amazon will participate in Cyber Monday. This is when online retailers host exclusive offers for those who shop virtually.
There are multiple discounts right around the corner. Many Canadians can participate in these deals and expect busy stores ahead of the holiday season.
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