Retail stores make a lot of money on Black Friday. It is the busiest shopping day of the year. Some people will camp out in front of stores the night before to get a good spot in line. There are also the long lines to deal with and the ever-present push and shove of shoppers. In the end, however, many people are happy with their purchases and feel that it was worth it.
Black Friday is the day after Thanksgiving and is the day retailers make their biggest profits of the year. The day is marked by extreme discounts and deals. These deals are advertised heavily in advance and the day itself is anticipated with a lot of excitement. People will flock to stores to find the best deals and to get a head start on their holiday shopping.
Retailers make money on Black Friday by marking up prices on items and then offering discounts, often to the point of near-pennies on the dollar. For example, if a store buys a shirt for $10, they might sell it for $40 with a discount of $30. This means that the store makes $30 on the shirt, which is the same as if they sold it for $10, but made $10 more.
Last Friday, the biggest shopping day of the year, many retailers set their store hours to begin before midnight. The anticipation of the holiday was in the air, and stores everywhere were preparing for a busy day. When the clock struck 12:00 am, customers swarmed the stores to grab some of the best deals of the year.
The shoppers were relentless, and many of them were eager to spend as much money as possible. The prices on items like TVs, laptops, and cell phones were slashed drastically. It was a thrilling experience for many, but others felt as if they were robbed of their hard-earned money.