Why do they call today Black Friday?

I have been wondering why is today after Thanksgiving, Called Black Friday? Is there A Reason for Naming it The" Colour Black". I was told its frist shopping day of the Christmas season. But didn't explain Why the Colour? It'seem to me it is referring to something ominous happens on this day every year. I see no logical reason for naming it that.

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Darin99branch · 51-55, M Best Comment

Because many businesses go into the black during this season. They will lose money most of the year (in the red) and during the Christmas shopping season, can make the years profit (in the black) in 6 weeks or so with the increased sales. It’s accounting lingo for profit and loss.

Abbenthewarwolf · 18-21, M

@Darin99branch now that was confusing. But thank u very much for the lesson.

MrSimons · 41-45, M

@Darin99branch I should have read the comments. Then I wouldn't have just more or less repeated what you said:).

Darin99branch · 51-55, M

Great minds? Lol @MrSimons