Black Friday 2015: Deals in HCM City
(VOV) - Ho Chi Minh City’s shopping streets, malls and websites are awash with discounted goods on Friday as shoppers chase ‘Black Friday’ deals in a spending frenzy expected to top last year's record level.
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Retailers at Pasteur Street in District 1 are hoping promotions will kick start trading after a weak November in sales, according to official statistics. |
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Black Friday, first introduced in the US is the day after the Thanksgiving holiday. |
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It was so named because consumer spending began to pick up on this day and |
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it gained popularity and became known as the start of the Christmas shopping season. |
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Retailers named it black because in days of manual accounting records black ink represented profits and red ink stood for losses. |
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Many large retailers in the US have traditionally begun to turn a profit for the year on Black Friday, the day after Thanksgiving and moved from the red into the black. |
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It was first introduced into Britain in 2010 by US online retailer Amazon. |
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The day has now developed into an important fixture of many countries around the globe. |
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Despite all the publicity of sales, buyers should be wary that not all discounts are what they purport to be. |
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