Although it is not a traditional winter holiday, Black Friday has become the jumpstart for the shopping season – and truth be told, we have all learned to love it so much that we couldn’t even imagine the end of November without it.
What are some of the most important things you should know about Black Friday vs Cyber Monday? We have gathered them right below – so read on if you want to find out more.
The Black Friday Basics
Black Friday is a retail tradition that started out in the 1960s and it is organized the Friday following Thanksgiving. For most people (except those working in retail), this day is free – which means a lot of them hit up the stores, which also marks the start of the holiday shopping season.
The term “Black Friday” is related to how accountants used red ink for losses and black ink for profits (back when this was still done manually). Considering this day is more than profitable for retailers, “Black Friday” was a truly suitable choice for the name. Things are changing, with online shopping increasing in popularity. You can order things online, avoiding the crazy stores and ensuring you get what you want. Check out My Voucher Code and you can find discount codes for your favourite stores, helping you save more on Black Friday, CyberMonday and beyond.
Cyber Monday – The Younger Version
Although we have all gotten accustomed to Cyber Monday, this is a much more recent invention. With just one decade of history behind it, CyberMonday marks the Monday following Thanksgiving – a day when a lot of online retailers offer heavy discounts on their products.
The term “Cyber Monday” was coined in 2005, when the National Retail Federation concluded that sales had risen to a staggering 77% on the Mondayafter Thanksgiving. Ever since then, Cyber Monday has become almost synonymous with “the online version of Black Friday”.
What Do the Numbers Say?
We can all agree that the numbers behind Black Friday and Cyber Monday are pretty amazing. In 2014, it was estimated that online sales had increased by no less than 91% and Amazon sold no less than 64 products per second. What’s surprising though, is that the UK saw a higher increase in online traffic than US did.
Statistics also show that the year-on-year increase in Black Friday sales was of 140% (!!!) and that Black Friday recorded approximately six sales/second and more than 5,000 clicks per minute. Now, that’s surprising any way you look at it!
As for Cyber Monday, studies show that most people choose to shop on the evening of the most important online discount day of the year. In the UK, consumers spent about £720 million on Cyber Monday alone – which is also quite impressive too!
As you can see, both Black Friday and Cyber Monday have become of our tradition – and truth be told, there’s absolutely no reason not to love them. As long as you stick to your budget and as long as you don’t make purchases you are not actually interested in, these special discount days can provide you with a lot of benefits. Keep your eyes open, stay safe and enjoy the beginning of the holiday season! We’re all in for a big party here!