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Podcast: Daily Success
Episode: Success Shorts: The Dark Truth About Black Friday | #history
Description: The most commonly regurgitated story behind the Black Friday tradition links it to retailers. As the story goes, after an entire year of operating at a loss (“in the red”) stores would supposedly earn a profit (“went into the black”) on the day after Thanksgiving, because holiday shoppers spent so much money on discounted merchandise in the stores. Though it’s true that retail companies used to record losses in red and profits in black when doing their accounting, this version of Black Friday’s origin may sound official, but it is inaccurate.The true story behind Black Friday...