Azàland

Black Friday is a shopping phenomenon that has grown in popularity over the years, with people eagerly anticipating the massive sales and discounts that mark the beginning of the holiday shopping season. Shoppers often wonder why prices are discounted so dramatically during this time of the year. To understand the reasons behind this retail frenzy, we need to delve into the history and economics of Black Friday sales.

1. Tradition and Competition

The tradition of Black Friday dates back to the 1950s when retailers started offering significant discounts to attract shoppers to their stores on the day after Thanksgiving. This tradition has grown and evolved into the major event we know today. The core reason for these discounts is fierce competition among retailers. They aim to lure customers away from their competitors by offering better deals and incentives.

2. Inventory Clearance

Black Friday often serves as an opportunity for retailers to clear out excess inventory from the previ…

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