"Black Friday was coined in the 1960s by the Philadelphia police to refer to the chaotic day before the annual Army-Navy football game. Later on, businesses reclaimed it as the day of the year they started to turn a profit (their bottom lines went from red to black). They have been the cause of near riots in toy and department stores across the country."
"Cabbage Patch Kids were the it toy of Black Friday 1983. They came with adoption certificates, and the signature of the doll designer, Xavier Roberts, on their bottoms. It's Turbo time!' Jingle All the Way, starring Arnold Schwarzenegger (1996) Good luck waiting in line! Shopping days have become a seemingly yearlong phenomenon. Prime Day, Amazon's promotional event, happens a couple times a year now."
"Shopping centers in the United States are struggling one in six has closed since 2013. To stay afloat, many have focused on restaurants, while others have added attractions like skating rinks. See you at the food court! Pokemon cards and Tamagotchi were popular in 1996, but the must-have toy was the $29.99 Tickle Me Elmo. They sold out so quickly that some parents wound up paying resellers up to $1,000 for one."
Black Friday originated as a Philadelphia police term in the 1960s for the chaotic day before the annual Army-Navy football game and was later reclaimed by businesses as the day they began to turn a profit. The day has provoked near riots in toy and department stores and produced must-have toy crazes such as Cabbage Patch Kids (1983) and Tickle Me Elmo (1996), which spawned reselling at steep premiums. Retail patterns have expanded into year-round events like Amazon's Prime Day and Alibaba's Singles Day. Shopping centers have struggled, with one in six closed since 2013, and some retailers have chosen alternative approaches such as REI's #OptOutside and experiential mall attractions.
Read at www.nytimes.com
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