Today is Black Friday, but what is it?

Black Friday is America’s biggest shopping event, the day after Thanksgiving. It is a day where retailers open their doors early and offer promotions and discounts to kick start the festive season.

You must be wondering what this has to do with us in the UK. Amazon first started their black Friday promotions back in 2010, Asda (owned by Walmart) quickly followed. Black Friday is seen as one of the best days to shop for electronics including televisions, tablets, smart-phones and computers. It is expected to become the busiest online shopping day of the year, with Visa predicting £360,000 spent every minute online with 8.5 million transactions.

But is it worth the hype? Most retailers will put out promotions in the run-up to Christmas- so this isn’t your only chance to get a discount. Critics also argue retailers are just trying to dump old stock, while others claim the whole thing is a scam with stores inflating prices ahead of Black Friday, so you’re not saving a great deal.

Other popular shopping days include Cyber Monday (which is Monday 1st December this year) and “Manic Monday”, the second Monday of December (8th December) which has become increasingly popular with consumers as they leave their Christmas shopping later.

Source: http://www.independent.co.uk/news/business/news/black-friday–what-you-need-to-know-what-is-it-and-when-does-it-start-9885347.html