Black Friday Madness [Infographic]

black friday infographicBlack Friday is a term used by retailers to describe the day that many of them enter the black on their balance sheets (as supposed to the red). Always the Friday after Thanksgiving, this has been the busiest shopping day of the year for at least a decade.

Today’s infographic outlines some of the key facts regarding Black Friday and why it is so important to retailers. This infographic is pretty lengthy, so I’ll summarize some the main points:

  • Black Friday began in 1960 in Philadelphia, but since 2005, the mega-shopping day has spanned the entire globe.
  • 86 million people plan on filing the stores on Black Friday, spending an average of $380 per shopper.
  • To drive more sales, many stores like Walmart and Toys ‘R’ Us are opening on Thursday this year.
  • Consumers on Black Friday spent $11.6 billion on goods that consisted primarily on clothes, electronic and toys.
  • 70% of Black Friday deals will be available online afterwards.
  • Cyber Monday – In 2012, $1.5 billion in revenue is expected from more than 44 million shoppers.
READERS: Who battled the crowds this year and tried to secure a great Black Friday deal? Who’s going to sit home and try to find some great Cyber Monday deals? What’s the craziest thing you’ve done to get a good deal on a product?

Black Friday Infographic

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