The holiday shopping season is upon us! Black Friday, Small Business Saturday, Cyber Monday and Boxing Day are great opportunities for people around the world to pick up gaming gear and video games at huge discounts. What exactly do the three terms mean and which sale offers the best deals?
Black Friday is a colloquial term for the Friday after Thanksgiving in the United States (USA). It has become one of the busiest shopping days of the year in America. This year on November 24.
Where did “Black Friday” come from? According to Britannica, in the early 1960s, police officers in Philadelphia began using the phrase “Black Friday” to describe the chaos that ensued as large numbers of out-of-town tourists descended on the city to begin their holiday shopping. “Within a few years, the term Black Friday had taken root in Philadelphia. City merchants tried to put a nice face on the day by calling it “Big Friday,” the report said.
read more: Black Friday Sale 2023: From Vijay Sale to Chroma, Best Deals and Offers from Indian Retailers
On this day, retailers offer big discounts to attract customers and encourage early holiday shopping. This is done with the aim of increasing overall sales. The day gives retailers an opportunity to clear old or excess inventory by offering discounts and making room for new inventory, NDTV reported.
Small Business Saturday
Saturday, November 25, 2023 is “Small Business Saturday”. It’s a day to celebrate and support small businesses.
Founded by American Express in 2010, Small Business Saturday has become an important part of small businesses’ busy shopping season. It has been officially sponsored by the Small Business Administration (SBA) since 2011.
“Historically, according to the 2022 Small Business Saturday Consumer Insights Survey commissioned by American Express, estimated spending among U.S. consumers who shopped at independent retailers and restaurants on Small Business Saturday reached $17.9 billion,” the SBA said. said.
Small Business Saturday, which encourages shoppers to visit local retailers, and Cyber Monday, which encourages shopping online. Giving Tuesday also emerged to spur charitable donations. With so many retailers participating, Black Friday has become a highly competitive market where stores aim to outdo each other with the best deals.
Cyber Monday Sale
Cyber Monday is a shopping holiday that falls on the Monday after Thanksgiving. This year, it’s November 27. Cyber Monday used to focus heavily on technology and electronics. However, discounts are now available for the same types of items found in sales for Black Friday, CBS News reported.
Boxing Day Sale
Boxing Day has nothing to do with sports. It is actually celebrated the day after Christmas. It is a holiday that originated as a gift-giving holiday for the underprivileged in many parts of the world. It is now celebrated as a shopping holiday.
Boxing Day is usually celebrated on December 26, but if it falls on a Saturday, the day will be moved to Monday to allow celebrations to continue after Christmas, the cash regulator said. If December 26 falls on a Sunday, the Boxing Day holiday always falls on December 28, as Monday December 27 becomes the alternative holiday for Christmas.
read more: What is Boxing Day and how did it get its name?
As the day is marked by a bank holiday or public holiday in many countries, stores offer Boxing Day sales that are often compared to America’s Black Friday sales.
Black Friday and Boxing Day: Which is the best deal?
CBS news Black Friday’s deals — especially the limited-time deals that happen early Friday morning — are better than the deals one might find on Cyber Monday. In many cases, Cyber Monday pricing is similar to Black Friday pricing, it said.
Meanwhile, a statement Quoted Colliers consultant and strategic planner, James Smerden, who has been consulting on retail trends for 20 years, said, “Deals on Black Friday were the same as on Boxing Day.”
“There are slightly better deals on Boxing Day, but most people want to make these purchases for Christmas,” the report says, so waiting for a better deal isn’t always practical.
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