Quote:
Originally Posted by Rochard
Why do Canadians celebrate Black Friday? You had your thanksgiving like two months ago or what not.
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Nobody "celebrates" Black Friday. Only a few people, like you obviously, think it's an actual celebration.
In reality it's simply a commercial event, invented by retailers to get yet another big shot at peddling large volumes of shit. It's been spreading to Canada, it is now spreading in Europe and it wouldn't surprise me if it was spreading to other parts of the world.
The retailers use this primarily to get rid of overflow stock, "yesterday's goods". They do so for several reasons. One of them is the hope of people buying more stuff, at regular retail prices, while they're in there looking for deals. Some even procure large stocks of cheap Chinese crap they use to lure in customers to the store. Others use certain low-price items as loss leaders, for the same reason.
Another is to sell off previously unsold stock they simply got stuck with, in order to make room for new, fresher/more modern stuff. Old stuff in their warehouses, which cannot be sold, simply costs them money they'd be making if their warehouses were filled with goods they can sell at regular price.
Cyber Monday was invented for the same reason. And many retailers use any post-holiday times as a pretext to sell more and get rid of old stuff. As an example, many retailers mark down stuff heavily after Christmas. People have already done their Christmas shopping at regular prices and much of what's left is overflow, dead weight.