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Why They Call It Black Friday

Tuesday, October 16th 2018. | Black Friday Deals

Why They Call It Black Friday

Why is Black Friday called Black Friday?. In his ad, he said, "'Black Friday' is the name that the Philadelphia Police Department gave to the Friday following .
According to this alternative explanation, Black Friday is the day when retailers finally begin to turn a profit for the year. In accounting terms, operating at a loss (losing money) is called being “in the red" because accountants traditionally used red ink to show negative amounts (losses).
According to the Oxford English Dictionary (OED), the day after Thanksgiving has been called Black Friday since at least the early 1960s. The explanation typically given for the day's name is that it is the first day of the year that retailers are in the black as opposed to being in the red.