Black Friday

The countdown is on for the shopping craze.

According to wikipedia.com, retailers traditionally operated at a financial loss for most of the year, but made their profits during the holiday season.

When this would be recorded in the financial records, common accounting practices use red ink to show negative amounts and black ink would show positive amounts. Hence the birth of Black Friday.

One retailer told us today that the six weeks between Black Friday and Christmas are pivotal. "We probably do a quarter of our business for the year in that one month time period. So it is huge," says JAIME MEERMANS the asstant manager of Old Navy.


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