Do you hit the stores on Black Friday? Or log onto your favorite e-commerce portal or mobile app?

Statistics say there’s a good chance you do one or both. According to the National Retail Federation, 174 million consumers planned to shop online or in-store over Thanksgiving weekend 2018. The most popular shopping day was Black Friday, when approximately 116 million planned to visit a store or retail website.

Why is Black Friday so popular? The short answer: because it’s the traditional kickoff day for the holiday shopping season. Historically, it’s also been the best day to find great deals on the year’s hottest toys, games, and electronics. You don’t have to look any further than our Black Friday shopping guide to see why.

Black Friday is great for budget-conscious shoppers. But when you think about it, it’s weird that one day in particular emerged as the paramount American shopping holiday, when it’s easy enough to find deals on popular gifts (see this list from Walmart Canada, for instance) throughout the holiday season.

I’ve long wondered about the origins and evolution of Black Friday, so I decided to look into it for myself. Here’s what I learned.

History of Black Friday

To understand where Black Friday came from, it helps to place it in the broader context of the modern holiday shopping season.

Origins of the Holiday Shopping Season

Holiday gift-giving is a centuries-old tradition, but the holiday shopping season is very much a creation of 20th-century consumer culture.

A Parade of Sponsors

You’ve heard of the Macy’s Thanksgiving Day Parade held every Thanksgiving morning in New York City. That blowout event, watched and attended by millions around the United States, is merely the best-known of a gaggle of Thanksgiving weekend parades.

In their mid-20th-century heyday, these parades drew crowds in most major cities and plenty of smaller towns too. Like the Macy’s parade, many were sponsored by local or national retailers. Back in the day, that meant mostly department stores. The motive was clear: By attaching their names to the most visible events on the preholiday calendar, department stores reminded their audiences that they were open for business in the coming holiday shopping season. Over time, Thanksgiving parades came to mark the unofficial start of that season.

Fixing the Holiday Shopping Calendar

When President Abraham Lincoln issued the proclamation establishing Thanksgiving in 1863, he decreed the holiday would fall on the last Thursday of November. And it did until 1939 when President Franklin D. Roosevelt signed an executive order to move Thanksgiving to the fourth Thursday of November. Congress passed legislation to make the change official in 1941.

Why did Roosevelt move Thanksgiving one week earlier, and why did Congress acquiesce to the change? Because a powerful coalition of retailers and other business interests asked them to.

By this time, the holiday shopping season was synonymous with the period between Thanksgiving and Christmas. When Thanksgiving fell on November 30, as it did in 1939, that left only 24 holiday shopping days – and sometimes fewer, as many stores closed on Sundays back then. Naturally, this worried retailers and retail-adjacent businesses, who reasoned that busy holiday shoppers would simply shop less in a shorter season.

Their pitch to Roosevelt was more egalitarian: A longer holiday shopping season would be good for the American economy. That sounds dubious, but remember that the United States was still struggling to shake off the aftereffects of the Great Depression back in the late 1930s.

Whatever the idea’s economic merits, Roosevelt was sold, and the day that would later be known as Black Friday marked the official start of the holiday shopping season.

Who Said “Black Friday” First?

The term “Black Friday” predates e-commerce, suburban shopping malls, and even city-center department stores. In fact, according to The History Channel, the first recorded use of the term “Black Friday” had nothing to do with holiday shopping.

In 1869, two unscrupulous oligarchs conspired to corner the American gold market, which was at that time the basis for the U.S. dollar. Their scheme was so elaborate and far-reaching that members of then-president Ulysses S. Grant’s family were implicated. The plot finally unraveled on Friday, September 24, sending U.S. financial markets into a tailspin, ruining countless investors, and tanking the broader economy. That dark day came to be known as “Black Friday.”

Nearly a century would pass before “Black Friday” earned its present connotation. It’s long been held that retailers took to calling the day after Thanksgiving “Black Friday” because its heavy shopping volumes invariably pushed their financials “into the black” for the year. This makes a lot of sense, but it’s not supported by the evidence.

The Real Reason Black Friday Is “Black”

The likelier story is more provincial.

In 1950s Philadelphia, Thanksgiving weekend was a mob scene. The Army and Navy college football teams celebrated their fierce rivalry each year with a neutral-ground clash in Philly on the Saturday after Thanksgiving. The day before, thousands of people from surrounding communities – as well as Army or Navy devotees from farther afield – flooded the city in anticipation of the big game. They took the opportunity to stock up on clothes, home goods, and other giftable items at central Philly’s many retail shops and department stores.

Even in a big city like Philadelphia, the annual wave of shoppers and fans was enough to clog streets and strain local health and safety resources. City cops “would have to work extra-long shifts dealing with the additional crowds and traffic,” writes Sarah Pruitt for The History Channel. “Shoplifters would also take advantage of the bedlam in stores to make off with merchandise, adding to the law enforcement headache.”

In other words, Black Friday wasn’t a great day to be a public servant in mid-20th-century Philadelphia. By the 1960s, locals had taken to calling the chaotic day after Thanksgiving “Black Friday.” Amid the intense racial and social tensions of the time, this wasn’t the most flattering descriptor. Local politicians and business leaders even sought to rebrand the day “Big Friday,” a happier construction. But it didn’t stick; “Black Friday” did. As retailers grew, merged, and sprouted roots in the suburbs, the term spread to other cities and eventually entered the national lexicon.

Black Friday’s Evolution Over the Years

Black Friday isn’t a static holiday. Its evolution reflects socioeconomic shifts that have fundamentally altered the fabric of American society.

The Department Store Model: Holiday Shopping in the Early to Mid-20th Century

When Roosevelt and Congress moved Thanksgiving back a week, holiday shopping was a pretty straightforward affair. Brick-and-mortar retailers clustered in city centers, often in compact retail districts or broad commercial avenues. Smaller cities and towns had small – but still vibrant – shopping districts where locals could get most of what they needed for the holidays.

To get luxury and specialty items, folks who lived out in the sticks had to travel to the nearest big city or use mail-order shopping catalogs, the precursors of online retail. For a time, you could buy pretty much any nonperishable item you wanted in the Sears & Roebuck catalog, including prefabricated houses.

Big-city shopping districts were anchored by department stores – vast, multistory temples to commerce. Department stores sold clothing, cosmetics, jewelry, home goods, appliances, and much more. With a single visit to a department store and a few side trips to specialty retailers, you could take care of your entire holiday shopping list in a single day.

The day after Thanksgiving was a natural time for shoppers to head into town and hit the department store. Most families were still together from the prior day’s feast, and few middle-class folks were required to work.

During department stores’ heyday in the early 20th century, the industry was highly localized. At one point, Alabama alone had about a dozen homegrown department store chains. To entice shoppers out of their turkey-induced slumber, every store ran its own post-Thanksgiving promotions. Even before it got its name, Black Friday was a day for deals.

Dispersion: Black Friday Goes Suburban

In the decades following World War II, millions of Americans fled crowded, volatile central cities for greener suburban pastures.

One of the unintended consequences of this mass migration was the dispersion of brick-and-mortar retail out of downtown shopping districts. The first enclosed, climate-controlled shopping mall opened in 1956 in a Minneapolis suburb, according to the Minnesota Historical Society. Over the next three decades, hundreds of imitators sprouted up across the United States, many far larger and more upscale than the Southdale original.

In the 1980s and 1990s, large-format “big-box” stores like Walmart, Target, and Best Buy proliferated around and between regional and super-regional malls, fleshing out the country’s ever more competitive suburban retail landscape.

It was during this period that Black Friday came into its own – and when the term “Black Friday” finally settled into its contemporary connotation. Signs advertising blowout Black Friday deals and insanely early opening hours proliferated in urban and suburban shopping districts. By the turn of the 21st century, images of devoted deal-hunters camped out in parking lots or waiting in line through the wee hours were commonplace. For years, every Black Friday was bigger than the last.

Black Friday Today: Holiday Shopping Goes Omnichannel

Black Friday today bears little resemblance to the chaotic city-center pilgrimages of the first two-thirds of the 20th century. It’s still plenty chaotic, but the action isn’t concentrated in a handful of commercial hubs.

Today’s retail environment is omnichannel. Shoppers are just as likely – if not more so – to buy stuff at home on their smartphones or laptops than drive to the nearest mall or big-box store to peruse deals in person. Thanks to “showrooming,” some of that in-store traffic is a mirage. Shoppers visit retailers like Best Buy and Macy’s to check out products in person, then head home and search for better deals online.

The decline of brick-and-mortar retail is devastating the lower and middle echelons of the suburban shopping center market and threatens to deal a last dealt a death blow to the downtown department store model. In 2017, CNBC reported that Macy’s would close century-old flagship department stores in cities like Portland and Minneapolis, punctuating years of long, sad decline.

Innovative retailers are fighting the showrooming trend by bulking up their e-commerce capabilities and adopting generous price-matching policies, but the die is clearly cast. Black Friday now happens when, where, and how consumers choose. And that’s great news for deal-seeking holiday shoppers.

Black Friday Around the World

Regardless of religious preferences, plenty of other countries celebrate end-of-year holidays. These holidays almost invariably involve gift-giving. In an increasingly consumerist world, many national cultures embrace the traditionally American end-of-year retail blowout.

However, Thanksgiving is an American holiday. Although Canada celebrates its own Thanksgiving on the second Monday of October, no other country holds a celebration of plenty on the fourth Thursday of November. In the rest of the world, Thanksgiving is just another Thursday, and the following day is just another Friday.

But that hasn’t stopped major retailers and retail trade associations from trying to popularize the event in certain countries. Some international examples of Black Friday shopping holidays include:

Romania . Black Friday is surprisingly popular in the Eastern European country of Romania. According to Balkan Insight, the concept was imported in 2011 by Romanian online retailer eMAG, whose CEO claims that 11 million Romanians (out of 20 million total) have heard of Black Friday and 6.7 million are interested in buying on Black Friday itself.

. Black Friday is surprisingly popular in the Eastern European country of Romania. According to Balkan Insight, the concept was imported in 2011 by Romanian online retailer eMAG, whose CEO claims that 11 million Romanians (out of 20 million total) have heard of Black Friday and 6.7 million are interested in buying on Black Friday itself. United Kingdom . In the U.K., the term “Black Friday” originally referred to the Friday before Christmas, the traditional start of the Christmas holiday week. In the 2010s, U.S. companies like Amazon, as well as U.K.-based Walmart subsidiary Asda and some other top U.K. retailers, began promoting “American” Black Friday in November. Per The Guardian, the holiday is quite controversial in the U.K., despite producing more than £2 billion in economic activity and officially taking the crown as the country’s busiest shopping day in 2015.

. In the U.K., the term “Black Friday” originally referred to the Friday before Christmas, the traditional start of the Christmas holiday week. In the 2010s, U.S. companies like Amazon, as well as U.K.-based Walmart subsidiary Asda and some other top U.K. retailers, began promoting “American” Black Friday in November. Per The Guardian, the holiday is quite controversial in the U.K., despite producing more than £2 billion in economic activity and officially taking the crown as the country’s busiest shopping day in 2015. Canada . During a period of unprecedented strength for the Canadian dollar in the 2000s and 2010s, Canadian retailers instituted day-after-American-Thanksgiving Black Friday sales to prevent their customers from snagging currency-aided discounts across the border. Though it’s not quite as big a deal as it is in the U.S., Black Friday is now a popular Canadian shopping holiday in its own right.

. During a period of unprecedented strength for the Canadian dollar in the 2000s and 2010s, Canadian retailers instituted day-after-American-Thanksgiving Black Friday sales to prevent their customers from snagging currency-aided discounts across the border. Though it’s not quite as big a deal as it is in the U.S., Black Friday is now a popular Canadian shopping holiday in its own right. Netherlands . In 2015, several dozen Dutch retailers and international brands banded together to create Black Friday Nederland, a clearinghouse for online sales and deals on the day after American Thanksgiving. Black Friday is by no means a national shopping holiday in the Netherlands, but it’s a great opportunity for Dutch natives – and American expats living abroad – to shop for less.

. In 2015, several dozen Dutch retailers and international brands banded together to create Black Friday Nederland, a clearinghouse for online sales and deals on the day after American Thanksgiving. Black Friday is by no means a national shopping holiday in the Netherlands, but it’s a great opportunity for Dutch natives – and American expats living abroad – to shop for less. Germany, Austria, and Switzerland. Black Friday Sale is a German-language e-commerce portal available in Germany, Austria, and Switzerland. Like Black Friday Nederland, it’s a clearinghouse for domestic and international brands and retailers that offer special deals on the day after American Thanksgiving and beyond.

Is Black Friday Still Relevant?

The holiday shopping season’s past, present, and possible future beg a simple question: Is Black Friday still relevant?

Spreading Out the Deals

Black Friday remains a crucial holiday shopping day, but it’s no longer paramount. Nor is it accurate to say that Black Friday is still the start of the official holiday shopping season.

That’s largely due to the retail industry’s increasingly fierce, even desperate, competitive landscape. In an omnichannel world, consumers can shop when and where they please. That gives retailers – who already face increased competition from online-only stores and nontraditional platforms like eBay – less incentive to invest in tentpole “event shopping” days. They’re better off spreading deals out over multiple days.

Cyber Monday marked the first real challenge to Black Friday’s dominance. It’s now arguably bigger than Black Friday itself. If you need proof, take a look at our Cyber Monday online shopping guide, which we update each year in time for the holiday shopping season. And don’t forget to review our top Cyber Monday shopping tips to find and snag the best deals on this year’s gifts before you start shopping.

Meanwhile, Small Business Saturday, a prime opportunity to shop local and support independent businesses, is rapidly gaining adherents as well. The impact of Small Business Saturday remains highly localized, and the most easily accessible deals may well be found online at websites like Etsy.

In recent years, Black Friday has outgrown the Thanksgiving holiday weekend. Many retailers now sponsor “Black Friday week” promotions beginning as early as the Sunday before Thanksgiving, with time-limited headline promotions daily or even hourly. These multi-day Black Friday sales appeal to shoppers seeking fantastic in-person deals without the crushing crowds, early opening hours, or stocking issues common to Black Friday itself.

Safety and Security Issues

There are echoes of Black Friday’s chaotic Philadelphia origins today. Like clockwork, every year brings reports of interminable queues, terrifying stampedes, senseless shopper-on-shopper violence, wanton theft, and other perils:

There’s even a website called Black Friday Death Count.

Online shopping offers a safe, secure, convenient alternative to taking your life into your hands at the store. To be sure, the vast majority of in-store Black Friday shoppers don’t encounter any serious issues, and online shopping has its own drawbacks (no fitting rooms, for instance). That said, is waiting in line for an hour to try something on a good use of your time?

Backlash Against Consumerism

As the poster child for American consumerism, Black Friday invites plenty of anti-consumerist backlash. Buy Nothing Day, a transatlantic movement against Black Friday shopping, falls on the day after U.S. Thanksgiving each year.

Buy Nothing Day’s organizers invite sympathetic consumers to “escape the Shopocalypse” and engage in anti-commercial activities instead: “Anything from staying at home with a good book to organising [sic] a free concert.” As long as you don’t buy anything, there’s no wrong way to participate. Participants are encouraged to share their activities with the hashtag #BuyNothingDay.

While Buy Nothing Day alone can’t turn back the consumerist tide, it does underscore a very real, very potent backlash against excessive holiday spending and over-the-top commercialism. You don’t have to be an ascetic or minimalist to appreciate the sentiment, and there are plenty of alternatives to shopping on Black Friday.

Should Stores Be Open on Thanksgiving?

For decades, retailers maintained an uneasy gentleman’s agreement: I’ll stay closed on Thanksgiving if you do. Thanksgiving was a day for everyone, even retail employees, to relax and celebrate with family. For most people, Thanksgiving still is a restful family day. But it’s not for millions of floor salespeople, warehouse staff, cashiers, and store supervisors.

Stores first opened on Thanksgiving in 2011, per Fortune. Their success precipitated a wave of openings the following year, with major retailers fearful they’d miss out on a piece of the action. Some stores simply stayed open from late afternoon on Thanksgiving through late evening on Black Friday, reasoning that longer open hours would ease the crush and increase revenue.

Unsurprisingly, this new normal prompted a backlash from retail employees, workers’ rights activists, and even consumers themselves. They argued it wasn’t fair to ask retail employees, many of whom already work long hours, to come in on a national holiday.

For this and other reasons, retail executives have lately soured on Thanksgiving openings. According to The New York Times, opening on Thanksgiving is now simply “too much of a headache” for many retailers, who’ve concluded that the promise of an early jump on Black Friday sales isn’t worth the cost or the hit to employee morale. Business Insider‘s 2016 list of all the major retail chains not open on Thanksgiving appears to have grown significantly from the prior year. That said, retail is a notoriously fickle industry, so it’s hard to draw any firm conclusions about whether the practice is in terminal decline.

Final Word

Black Friday isn’t quite what it used to be.

Don’t get me wrong; it’s still the poster child for American consumerism and a legitimately great time to snag limited-time deals that can significantly reduce your holiday shopping budget. But the rise of Cyber Monday, Small Business Saturday, and pre-Black Friday sales have all eroded Black Friday’s dominance. It’s no longer the only game in town.

That’s probably a good thing. Like many people, I’ll jostle with fellow shoppers to snag the best deals or spend hours hunched over my laptop on a specific day to find the perfect price on gift list items. But I also like choosing when and where to spend my hard-earned money without compromising too much on price. I suspect you’re on the same page.

Do you hit the mall or department store on Black Friday? Or do you sit back at home and wait for the online deals to come to you?