Holiday

The rise and decline of Black Friday: Here's how it became a $9 billion extravaganza where shoppers fought over discount TVs - and why it's now dying out

4 days ago   |   By Business Insider

Thanksgiving Day holiday shoppers line up with television sets on discount at the Target retail store in Chicago, Illinois, in 2013. REUTERS/Jeff Haynes
Though Black Friday became one of the biggest and busiest shopping days of the year, it wasn't always that way.
Before it exploded into the national, post-Thanksgiving holiday we know today, it was reportedly a quirky tradition unique to Philadelphians.
Here's the evolution of Black Friday, from its 19th-century namesake to the shopping phenomenon it is today.
The day after Thanksgiving has long marked the beginning of the holiday shopping...
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One major homebuilder is resorting to Black Friday discounts to lure buyers back to the market

4 days ago   |   By Business Insider

Homebuilder sentiment has plunged since March, when the Federal Reserve began raising interest rates to bring down inflation and cool the housing market. Kirk Fisher/Getty Images
At least one major builder is slashing prices to attract homebuyers.
Lennar, the nation's second-largest homebuilder, advertised Black Friday deals on its website.
Builders who were once scrambling to keep up with demand are dropping prices to keep sales moving.
At least one major homebuilder is joining the Black Friday frenzy this year, slashing prices as it tries to lure buyers back to the market. Lennar, the...
Read more ...

 


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