Thanksgiving week is more than just a time for gorging on turkey and stuffing – it’s also the week of the biggest shopping day of the year. The day after Thanksgiving is called Black Friday and most retailers look forward to it (or dread it) all year long.
The Friday following the Thanksgiving holiday wasn’t always like this, however. It turns out this mega shopping day is fairly new and not everyone agrees with the vapid consumerism it represents. But love it or hate it, Black Friday is the unofficial start of the holiday shopping season, and retailers can count on selling a whole lot of stuff on this day – even before dawn.
Read on for the weirdest, most interesting facts you never knew about Black Friday – including where the name came from (page 10). And no, it’s not called that because retailers go “into the black.”
1. The mall can’t open until anchor stores do
The “anchor stores” at the mall are large department stores such as Macy’s, JCPenney, and Sears. Per their mall rental policy, smaller stores aren’t allowed to be open when those anchor stores are closed or else they have to pay fines.
As one retail worker explained to Business Insider: “Anchor stores such as Macy’s, Nordstrom, and Target make the decision for the entire mall. The mall opens when they open, and those that don’t comply are fined by the mall for every hour they stay closed. Some stores like Apple acknowledge this and happily pay those fines.”
Next: You might feel déjà vu.