Word: retailing
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...plunging gold prices. Newspapers in Philadelphia reappropriated the phrase in the late 1960s, using it to describe the rush of crowds at stores. The justification came later, tied to accounting balance sheets where black ink would represent a profit. Many see Black Friday as the day retailers go into the black or show a profit for the first time in a given year. The term stuck and spread, and by the 1990s Black Friday became an unofficial retail holiday nationwide. Since 2002, Black Friday has been the season's biggest shopping day each year except 2004, according to market-research...
...Nevertheless, retailers continue to tie one-day in-store sales to Black Friday. In the Internet era, bloggers race to obtain leaked circulars and post them online weeks in advance of Thanksgiving. Many forums and websites chart the deals, helping shoppers make a plan of attack for the big day. And attack they will - the National Retail Federation anticipates 134 million people will hit the stores on Thanksgiving weekend. After the deaths last year, there's an added focus on making sure stores are ready to handle the crowds. Walmart extended hours to keep stores open on Thanksgiving...
...Retailers across the board reported strong crowds early Friday, with high-definition televisions, laptops, winter coats and the popular toy Zhu-Zhu pets among the hottest items. "There were bargain-hungry shoppers out there, and retailers really did pull out all the stops for people," says Kathy Grannis, a spokesperson for the National Retail Federation, noting that many of the day's hot item carried the steepest discounts. (See TIME's 2009 holiday gift guide...
...Still, Friday had its own energy - early data indicates traffic for the day to both brick-and-mortar retailers and online retail sites...
...always figured that a rodent who drives his own car would be able to withstand the recession, right? As retailers ramp up for the all-important holiday shopping season, at least the toy stores know that they have a hit on their hands. Fuzzy, electronic toy hamsters called Zhu Zhu Pets are flying off the shelves at major outlets like Walmart and Toys "R" Us. Demand for the pets is so high that Zhu Zhus, which retail for $8 at Walmart, are going for $60 on secondary-market sites like Amazon.com and eBay.com. The hamsters, which have names like...