Last updated on November 17, 2025

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Ben Salomon
Growth Marketing Manager @ Yotpo
33 minutes read
Table Of Contents

Black Friday. The term alone brings up images of crowded stores, amazing deals, and a frantic rush to kick off the holiday shopping season. It’s a single day (or week, or month) that can make or break a retailer’s entire year. It has evolved from a simple post-Thanksgiving sale into a massive, global commerce event that shapes how we shop, both online and in stores.

But what is Black Friday, really? At its core, it’s a high-stakes period of deep discounts offered by retailers. It officially falls on the Friday after American Thanksgiving. For shoppers, it’s a chance to save big on holiday gifts or personal purchases. For brands, it’s a vital, and often chaotic, revenue driver. This event is no longer just about one day. It has merged with Cyber Monday and expanded into “BFCM” or “Cyber Week.”

Key Takeaways

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Part 1: The History and Evolution of Black Friday

To understand BFCM today, we have to look at where it came from. Its story might surprise you. It wasn’t invented by retailers as a happy sales event.

The “Black” Name Had Negative Origins

The first use of the term “Black Friday” had nothing to do with shopping. It was used in 1869 to describe a financial crash caused by two Wall Street speculators.

The shopping-related name came much later, in the 1950s and 1960s. Police in Philadelphia used “Black Friday” to describe the awful traffic jams, smog, and general chaos caused by shoppers flooding the city the day after Thanksgiving. It was a day the police had to work long, hard shifts. It was definitely not a positive term.

The “In the Black” Myth

So, where did the positive story come from? Retailers didn’t love the negative name. In the 1980s, they pushed a new, positive explanation. This story claimed “Black Friday” was the day retailers finally became profitable for the year. Their accounting books moved from “in the red” (losing money) to “in the black” (making money).

This is a great marketing story. But it’s mostly a myth. The truth is, most retailers were profitable long before Thanksgiving. But the new name stuck because it sounded good. It successfully rebranded the day from a traffic nightmare to a shopping success.

The Rise of the Doorbuster

The 1990s and 2000s were the golden age of the Black Friday doorbuster. Retailers would advertise a few products, like TVs or new toys, at incredibly low prices. These deals were in very limited quantities. This created the frantic “doorbuster” culture. We all saw the videos: people camping out for days and crowds rushing into stores at 5 AM.

This strategy used a powerful psychological trick: scarcity. Shoppers felt that if they didn’t get to the store right now, they would miss out. This drove the massive in-store traffic that defined the event for decades.

The Digital Shift: Enter Cyber Monday

As a web developer, I watched the next phase with huge interest. The internet changed everything. In 2005, the National Retail Federation coined a new term: “Cyber Monday.”

They noticed a trend. People were returning to work on the Monday after Thanksgiving and using their fast office internet to continue shopping for deals online. Brands jumped on this. They launched online-only sales, creating a digital bookend to Black Friday’s in-store event.

For a while, the two days had different personalities:

That separation didn’t last long.

The Blurring Lines: BFCM is Born

Soon, retailers realized, why wait? Black Friday deals started appearing online on Thanksgiving Day, or even earlier. Cyber Monday deals started in stores.

The line blurred completely. Now, we just call it “BFCM” (Black Friday Cyber Monday) or “Cyber Week.” It’s one long, continuous sales period. Shoppers expect deals to be available everywhere, on every channel, for at least five days.

The COVID-19 Impact

The 2020 pandemic was the final accelerator for the digital shift. With stores closed or at limited capacity, eCommerce became the only way to shop BFCM. Shoppers who had never bought online before were suddenly forced to.

Brands also spread deals out over the entire month of November. They did this to manage supply chain issues and avoid shipping bottlenecks. This trained shoppers to look for deals long before Thanksgiving. The “one-day” event was officially over.

Black Friday Today: A Global, Omni-Channel Event

Today, Black Friday is a global phenomenon. Retailers in the UK, France, Brazil, and many other countries run massive BFCM sales.

It’s completely omni-channel. Shoppers might research on their phone, look at reviews on a brand’s website, and then buy in-store. Or they might see a product in-store, scan a QR code, and buy it online later. The customer journey is complex. This makes a consistent brand experience across all touchpoints more important than ever.

Part 2: Why Black Friday Matters (For Shoppers and Brands)

BFCM is a huge deal for a reason. It taps into deep psychological drivers for shoppers and represents a massive financial opportunity for brands.

The Shopper’s Perspective: The Psychology of a Deal

Why do we get so excited about BFCM? It’s more than just saving money.

  1. Scarcity and Urgency: This is the classic doorbuster effect. Limited-time offers (“Deal ends in 1 hour!”) and limited-stock notices (“Only 3 left!”) trigger a fear of missing out (FOMO). This pushes us to buy now rather than wait.
  2. The Thrill of the Hunt: For many, finding a great deal feels like winning. It’s a game. Shoppers feel smart and savvy when they snag a product for 50% off.
  3. Social Proof: When we see a product is a “bestseller” or has thousands of 5-star reviews, it validates our choice. We feel safer buying it because so many others did, too.
  4. Permission to Splurge: BFCM gives shoppers permission to buy things they’ve wanted all year. A 30% discount is the perfect justification to finally buy that new TV (for yourself) or that luxury handbag (as a “gift”).

The Brand’s Perspective: The High-Stakes Q4

For eCommerce brands, BFCM is the Super Bowl. It’s often the single biggest revenue period of the year. A successful BFCM can push a brand into profitability. A bad one can be disastrous.

The stakes are incredibly high. Brands invest months in planning, building up inventory, mapping out marketing campaigns, and “code-freezing” their websites to prevent crashes. The goal is to acquire as many new customers as possible and maximize the lifetime value (LTV) of existing ones.

The Challenges of BFCM

But it’s not all easy. BFCM presents serious challenges for brands:

This is why building a relationship with customers before BFCM is critical. A strong loyalty program and a bank of authentic customer reviews are two of the most powerful assets a brand can have.

Part 3: The 4 Shopper Personas of BFCM 2025

You can’t win BFCM if you treat every shopper the same. A “one-size-fits-all” 30% off banner doesn’t work anymore.

To understand what really drives shoppers, we surveyed over 1,100 global shoppers. We discovered four unique personas that define the BFCM landscape. Knowing who they are, what drives them, and how they shop is the key to converting them. 

The personas below come directly from our 2025 BFCM On Tour Report. Check out the report to meet each shopper persona — Lyra, Orion, Sol, and Kai — and explore the full data behind them.

Persona 1: Lyra (The Gifter | Highly Planned)

Meet Lyra. She lives for finding the perfect gift. Her BFCM shopping is a mission. Every recipient, every budget, and every move is mapped out with precision.

Lyra in Fashion

Shopping Behavior: Lyra curates looks, not just buys gifts. She maps out style profiles, tracks wishlists, and allocates budgets down to the last accessory.

BFCM vs. Regular Shopping:

Lyra in Electronics

Shopping Behavior: Lyra runs this like mission control. She’s juggling high-stakes purchases (smart devices, gaming rigs) that demand deep research into specs and compatibility.

BFCM vs. Regular Shopping:

Lyra in Beauty

Shopping Behavior: Here, Lyra acts as a beauty consultant. She’s matching fragrances to personalities and skincare to skin types.

BFCM vs. Regular Shopping:

Lyra in Home & Furniture

Shopping Behavior: Lyra is playing for keeps. She’s gifting statement pieces and appliances that last. These are personal, high-stakes investments for people close to her.

BFCM vs. Regular Shopping:

Lyra in Toys & Games

Shopping Behavior: Lyra is a running point for the North Pole. She’s coordinating wishlists, comparing prices, and making sure nobody gets a duplicate gift.

BFCM vs. Regular Shopping:

How to Win Over Lyra (The Planned Gifter)

Lyra is a brand’s dream customer if you’ve earned her trust. She’s planned, loyal, and values quality.

Persona 2: Orion (The Strategist | Highly Planned, Self)

Meet Orion. He’s not shopping for others; he’s leveling up his own life. He’s been eyeing that tech or fashion upgrade all year. Every purchase is researched, tracked, and calculated for maximum personal value.

Orion in Fashion

Shopping Behavior: Orion is building his signature look. He’s wanted that leather jacket since March and now it’s time to execute.

BFCM vs. Regular Shopping:

Orion in Electronics

Shopping Behavior: Orion is ready to level up his tech. He’s been debating the iPhone vs. Galaxy or that new TV. BFCM is his upgrade window.

BFCM vs. Regular Shopping:

Orion in Beauty

Shopping Behavior: Orion is curating his dream routine and stocking up. He’s getting his go-to skincare and finally trying that premium face wash he can’t usually justify.

BFCM vs. Regular Shopping:

Orion in Home & Furniture

Shopping Behavior: Orion is investing in his own space. He’s tracked furniture prices for months and measured his living room three times.

BFCM vs. Regular Shopping:

Orion in Toys & Games

Shopping Behavior: Orion is treating himself to the fun stuff: board game expansions, premium LEGO sets, or hobby gear.

BFCM vs. Regular Shopping:

How to Win Over Orion (The Planned Self-Shopper)

Orion is an optimizer. He wants the best value and is willing to wait for it. He trusts data (reviews) and rewards (loyalty).

Persona 3: Sol (The Opportunist | Spontaneous, Gifter)

Meet Sol. She’s the opportunistic gift-giver. No spreadsheets, no master plan. She shops with instinct, looking for “Wait, Mom would love this” moments.

Sol in Fashion

Shopping Behavior: Sol is discovery-driven. She scrolls with purpose, ready to grab a statement coat that looks perfect for her best friend.

BFCM vs. Regular Shopping:

Sol in Electronics

Shopping Behavior: Sol is hunting for tech gifts that wow without the sticker shock. 65% don’t even start tech gift shopping until BFCM.

BFCM vs. Regular Shopping:

Sol in Beauty

Shopping Behavior: Sol is gifting what’s buzzy and beloved. 60% of her beauty gift shopping doesn’t start until discounts drop.

BFCM vs. Regular Shopping:

Sol in Home & Furniture

Shopping Behavior: Her gift list here is shorter and more personal (e.g., a housewarming gift).

BFCM vs. Regular Shopping:

Sol in Toys & Games

Shopping Behavior: Sol is tackling her list deal-first, gift-second. If a LEGO set is 50% off, she’ll figure out who gets it later.

BFCM vs. Regular Shopping:

How to Win Over Sol (The Spontaneous Gifter)

Sol is all about discovery and high-value deals. You need to capture her attention fast and give her the confidence to buy instantly.

Persona 4: Kai (The Indulger | Spontaneous, Self)

Meet Kai. He embodies the “treat yourself” mentality. He shops on impulse and feeling. He’s driven by an “I deserve this” mindset, and his cart is full of things that caught his eye.

Kai in Fashion

Shopping Behavior: Kai is hunting for instant style upgrades. He’s looking for pieces that truly stand out or that will elevate his personal style without destroying his bank account.

BFCM vs. Regular Shopping:

Kai in Electronics

Shopping Behavior: Kai is discovering gadgets he didn’t know he needed. 53% are treating themselves and trying something new.

BFCM vs. Regular Shopping:

Kai in Beauty

Shopping Behavior: BFCM is his yearly restock and his chance to splurge. He’s refilling his moisturizer but also throwing in that mascara his feed is consistently promoting. 53% are treating themselves, and 47% are restocking essentials.

BFCM vs. Regular Shopping:

Kai in Home & Furniture

Shopping Behavior: Kai is scoring pieces that are usually way out of his budget. 54% are buying products or brands usually out of their price range.

BFCM vs. Regular Shopping:

Kai in Toys & Games

Shopping Behavior: This is pure fun. No kids, no gift list, just stuff he wants. 34% are treating themselves.

BFCM vs. Regular Shopping:

How to Win Over Kai (The Spontaneous Self-Shopper)

Kai is driven by FOMO (Fear of Missing Out) and instant gratification. You have to make shopping fun, visual, and rewarding right now.

Part 4: Building Your BFCM Strategy

Understanding the four personas is step one. Now, you need the right tools to build a strategy that converts them. A successful, profitable BFCM isn’t built on discounts alone. It’s built on trust and relationships.

This is where your loyalty and reviews programs become your most valuable assets.

The Foundation: Loyalty and Reviews

Think of it this way:

Let’s break down the strategy.

Leveraging Best-in-Class Loyalty (Pre-BFCM)

The work for Black Friday starts in August, not November.

  1. Build Your Member Base: Your loyalty program is your VIP list. Promote it everywhere. Offer points for signing up. This gives you a list of engaged customers you can market to without paying high ad costs in November.
  2. Segment Your Audience: This is the most crucial step. A powerful tool like Yotpo Loyalty provides robust analytics to segment your members. You should create segments for:
    • VIPs: Your top 10% of spenders. (They get the best perks).
    • At-Risk Customers: People who haven’t bought in a while. (A “We miss you” point drop can win them back).
    • Points Hoarders: Members with a high point balance. (These are your Orion and Kai personas).
    • New Members: Shoppers who just signed up.
  3. Warm Them Up: Don’t wait until Black Friday. Run a “Member Appreciation Week” in October. Offer double points. This gets them engaged and reminds them why they’re loyal to you.

As eCommerce expert Ben Salomon notes, “A loyalty program isn’t just a discount tool for BFCM. It’s your primary communication channel for your best customers. Building that segmented list before the noise of November starts is the single most important action a brand can take.”

When you’re choosing a loyalty platform, you need this flexibility. While solutions like Loyalty Lion or Smile provide frameworks for points, a best-in-class program like Yotpo Loyalty is built for deep segmentation and customization, allowing you to create those targeted, persona-based campaigns. Other options, like Okendo or Rivo, also offer loyalty components.

Leveraging Best-in-Class Loyalty (During BFCM)

Now it’s game time. Your segments are ready.

Leveraging Best-in-Class Reviews (Pre-BFCM)

You can’t get 5-star reviews during Black Friday. You need to collect them all year long.

  1. Collect High-Impact Reviews: A review that just says “Great” doesn’t help Lyra or Orion. You need detail. Use a powerful reviews solution like Yotpo Reviews. Its Smart Prompts use AI to suggest high-converting topics for customers to write about (like “fit,” “quality,” or “battery life”). This guides them to write the detailed feedback new shoppers need.
  2. Gather Visual UGC: Remember Kai? He needs photos. Actively ask for visual UGC in your review requests. You can even connect this to your loyalty program (“Get 50 extra points for adding a photo!”).
  3. Analyze Your Feedback: Use review analytics to find out what your customers love. This tells you which products to feature in your BFCM marketing.

When looking at review platforms, many, like Okendo or Stamped.io, focus on collection. But for a real BFCM strategy, you need more. A tool like Yotpo Reviews focuses on conversion, using AI to surface the right topics. Other enterprise solutions like Bazaarvoice offer broad syndication, while Klaviyo Reviews provides a solution within its own ecosystem.

Leveraging Best-in-Class Reviews (During BFCM)

Your bank of reviews is now your most powerful conversion tool.

Part 5: The Future of Black Friday

Black Friday is always changing. As we look ahead, a few trends are clear.

  1. The Rise of Conscious Consumerism: Many shoppers are pushing back against the hyper-consumerism of BFCM. They are looking for quality, durable goods from brands that align with their values (like sustainability). This makes your brand story and product quality (proven by reviews) even more important.
  2. AI as a Shopping Assistant: Shoppers are already using AI. Soon, AI assistants will do the hunting for them (“Find me the best-rated, waterproof jacket under $200”). The only way for your brand to be recommended by that AI is to have a massive volume of high-quality, descriptive reviews.
  3. The End of the “One-Day” Event: The month-long “Black November” is here to stay. This is actually good for brands. It reduces the logistical stress of a single-day spike and gives you more time to build relationships with shoppers, turning a one-time deal-hunter into a long-term loyal customer.

Conclusion: The Enduring Power of BFCM

Black Friday has come a long way from a Philadelphia traffic jam. It’s now a complex, global, digital-first event driven by deep-seated shopper psychology.

The brands that win BFCM are no longer just the ones with the deepest discounts. The winners are the brands that understand their customers. They know who is shopping (Lyra, Orion, Sol, or Kai) and what they need to feel confident.

They build that confidence all year long with best-in-class tools. They use Yotpo Loyalty to build relationships and reward their best customers. They use Yotpo Reviews to collect and display authentic social proof that turns a hesitant browser into a confident buyer.

In the end, Black Friday isn’t just about transactions. It’s about trust. And the brands that earn that trust will win the day, the week, and the year.

Ready to boost your growth? Discover how we can help.

Black Friday: 10 Frequently Asked Questions

  1. What is Black Friday? Black Friday is a major shopping event that takes place on the Friday after American Thanksgiving. It’s known for deep discounts and marks the traditional start of the holiday shopping season. It has since expanded into a multi-day event often called BFCM or Cyber Week.
  2. Why is it called Black Friday? The most popular story is that it’s the day retailers’ books move from “in the red” (loss) to “in the black” (profit) for the year. However, the term was first used by Philadelphia police in the 1950s to describe the traffic chaos and smog from shoppers flooding the city.
  3. What is Cyber Monday? Cyber Monday is the Monday after Thanksgiving. It was created in 2005 to promote online shopping. Today, the lines between Black Friday and Cyber Monday are almost completely blurred, with most sales running continuously through both days.
  4. When is Black Friday 2025? Black Friday is on Friday, November 28, 2025. However, you can expect sales to start as early as the beginning of November.
  5. Are Black Friday deals really worth it? Often, yes. Retailers offer some of their deepest discounts of the year on products like electronics, home appliances, and fashion. But it’s smart to be prepared. Know the original price of an item and use reviews to check its quality before buying.
  6. What’s the best way to find good BFCM deals? Plan ahead! Identify the products you want (like Orion) or the gifts you need (like Lyra). Sign up for your favorite brands’ loyalty programs and email lists. Members almost always get early access to the best deals before they sell out.
  7. How can I avoid shipping delays during BFCM? Shop early. The closer it gets to Christmas, the more backed-up shipping carriers become. Many brands offer their best deals before Black Friday. Take advantage of those early sales to ensure your items arrive on time.
  8. How do customer reviews help me on Black Friday? Reviews are your best tool for cutting through the marketing hype. They provide real-world feedback on a product’s quality, fit, and performance. Look for AI-powered review summaries on brand sites to get a quick snapshot of what thousands of shoppers think.
  9. What is a “doorbuster”? A doorbuster is a product (like a TV) advertised at an extremely low price to get shoppers “in the door.” These deals are always in very limited stock and are designed to create a sense of urgency and excitement.
  10. How can small businesses compete with big retailers on BFCM? Small businesses can’t win on price, so they have to win on relationships. This is where loyalty programs and customer reviews are even more powerful. A small brand can offer exclusive perks to its loyal members, respond personally to reviews, and showcase authentic photos from its community. This builds a level of trust that big-box retailers can’t match.
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Ben Salomon
Growth Marketing Manager @ Yotpo
November 14th, 2025 | 33 minutes read

Ben Salomon is a Growth Marketing Manager at Yotpo, where he leads SEO and CRO initiatives to drive growth and improve website performance. He has over 6 years of experience in digital marketing, including SEO, PPC, and content strategy. Previously, at Kahena, a search marketing agency, he helped ecommerce brands scale their businesses through data-driven advertising and search strategies. At Yotpo, Ben shares insights to help brands grow and retain customers in the fast-moving world of ecommerce. Connect with Ben on LinkedIn.

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