An op-ed in the Los Angeles Times explains:
"In days of yore — think pre-2005 — retailers fired a salvo of price cuts on the Friday after Thanksgiving and shoppers raced to spend billions on holiday gifts. The day was originally nicknamed Black Friday by police officers who dreaded the traffic jams, bumper thumping and misdemeanors that arise when so many people converge on shopping districts and malls."Sounds about right.
"Eventually the term came to describe the start of the period when retailers see profits for the year and a kind of retail gluttony so divorced from the true spirit of the season that it made all but the most benumbed consumers feel conflicted, if not ashamed, of the excess."
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