Business

Significance of Black Friday and Cyber Monday

Photo via businesstech.co.za

Black Friday is the day following Thanksgiving Day in the United States. It signifies the beginning of the country’s Christmas Shopping season since 1952. Black Friday is observed in the United States, Canada, UK, South Africa, Netherlands, Mexico and many other countries who started doing so lately.

Black Friday occurs annually with online retailers like amazon, eBay, Alibaba, Jumia and Kilimall giving out 50% to 80% price discounts on different commodities.

Cyber Monday is the Monday after Thanksgiving holiday in the United States. Marketing companies coined the term ‘Cyber Monday’ to persuade people to shop online.

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